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PM's are arounf 8.5% + gst But, add up all the extra charges (lease fee/inspections etc), and your looking at closer to 16%

I got the rent wrong and overstated the rates (and insurance, i meant to use $400 for building & $300 for landlord's insurance) You didn;t include a figure for Lanldord's insurance. Your pm is cheaper than Perth pm's also. So i worked out it owuld cost $1800 pa after you get a tax...

I must be working it out wrong then Purchase price $175,000.00 Purchase Costs $10,500.00 TOTAL MORTGAGE $185,500.00 Interest Rate 6% Income Tax Rate 30% Rent $210.00 Expenses Interest $11,130.00 Water Rates $ 1,000.00 Council...

Yeah none of those are actually cashflow positive are they ? Unless you ignroe a whole heap of expense you pay out of your own pocket - who pays the rates ? pm ? insurance and maintenance (not to mention the shortfall in intrest charges (let's assume depreciation fills that gap) I have 2...

bloody hell, took me all this time to understood what "buy & hold" means and now ther's a whole other world to explore !