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100% correct mate.

Thanks gurus Thanks for all the replies. I'm feeling happy and relieved now. Much appreciated.

So....howz my purchase Thanks again for more insight. With all your experiences, can you pls tell whether the case below is worth or not: I bought a house in Elizabeth East in Adelaide (contract date: 22nd Jun'09, Settlement date: 28th Aug'09) for $236K. I was not having enough cash to buy...

Wonderful? Thanks for the replies. Steve, I came to know that a new house worth 300k can give you the depreciation of upto 15k in the first year (diminishing value). How come you getting only 3.5K?

Hi investors, I'm a new investor and am exploring different options for my next IP. This forum is very very informative. However being a naive, I have a basic issue. After reading this forum for about 3 months, I noticed that almost nobody here talks about buying a new house (0 to 2 yrs old)...