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Thats fine hopefully you know how to do it now though ! Let me know if you want me to explain it. If you can get a 5% gross yield for a house or a 6% gross yield for a unit you are doing well. I think you should reconsider your current plan and try to find a better deal if you are going to...

Dont fall into the trap of comparing gross yields - you need to compare net yields otherwise its apples and oranges.

To be strictly fair I havent added back in depreciation and negative gearing which should halve that figure for a high income earner. But its still going to take a very long time to go CF+ off that yield.

You dont need an accountant for a couple quick sums. Taking $350 as the middle number of your $300 - $400 range for rent. $350 x 52 weeks = $18,200 Less management fees of say 8% = $22,360 x 0.92 = $16,744 Less maintenance ($1k) and rates ($2k) = $16,744 - 3k = $13,744. Less 1...

The cost of the IP is only relevant when compared against the rent that is achievable and the pool of available tenants willing to pay that rent. How much do similar houses in the same area rent for right now? Eg what yield would you get if you rented it.