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Thats great twobobsworth. For future searches of suitable IPs is there really a way to know the depreciation amount tho? ie all the property books talk about its importance, but none seem to provide an accurate way of working out a ball park estimate.

Hi Everyone I'm interested in buying my first IP and I've got a couple of questions regarding estimating the building/capital depreciation. I need this to work out if this property will be close to being +ve cash flow (attractive) or -ve geared (not so attractive for me) a. How do I...