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The reality is i negotiated really well on the land because i knew the cost of the land (didn't really take a lot of negotiation to be honest). Also Because i am employed by the builder and get a significant staff discount i will end up with immediate equity vs the 13 other units being bought...

Purchase price brand new construction - $340,000 Bank Val - $387,000 so immediate $47,000 equity Rent return expected $380 p/w

Hi Guys, I'm looking at an IP primary for capital growth but at some stage i'd like the property to be +geared. I'm wondering what others look for when doing the numbers as far as time frame for their IP's to go from being - to +? At the moment this property looks like it will take 17 years.