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I don't know any other rich suburb in Melbourne Jake :)

Renter pays 80% of the rent which is $320/week. I think it was designed for nurses or police type of professionals so that they can live in Toorak :) Otherwise expensive places won't have anyone providing these kind of services near by.

Basically, you are renting it out at 20% lower. That increases your negative gearing (together with the depreciation). Then the gov handout comes in as tax free.

He is simply selling his product but he has contributed to the forum undoubtedly and professionally. Having said that, I'm still yet to find a NRAS worth buying :p

This is what I did... and hopefully can achieve that 100K goal in a decade+ Study hard to get decent qualification/s. Work hard to get a decent income. Marry a girl who earns more than you but spends less than you :p Don't throw away your money. Get on a investment vehicle as soon as you can...