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Thanks Dave. Would I need both Landlord Insurance and Building Insurance ?? Apologies if it is a dumb Q....I am quite inexperienced and only starting off...:)

Thanks Datto and Shahin. Here's why I said almost neutrally geared. Sorry could not copy amd paste the formatting. It could actually be positively geared If I get a better deal on interest rate. I have assumed it to be 5.75 Property Price $240,000 Deposit @ 10% $24,000 Stamp Duty $7,222...

Hello fellow investors, Just wanted comments/opinions/suggestion/views on Whalan NSW. Just drove around the area the other day. Its within 3 kms from Mount Druit Westfield. The property that I inspected was a 3 bed, 1 Bath 1 car. Good size block around 600sqs. Its an old fibro house built in...