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Keep in mind you will pay tax on the 4% (?) that you earn on the interest. You can "get" depreciation on property of any age. It depends on a lot of factors. But the 2.5% building depreciation will only apply to properties < 40 yrs old. However, even 100+ yo properties can have some...

There is! The kudos button - the little scales beside the post number - allows you to 'approve' of a post. ;) PS. Assume this wasn't tongue in cheek.

If you are confident with your values, and hence LVRs, this might be simpler than you imagine. Apart from the length of time it took, and the heaps of followup (ANZ + paperwork = %*@*$^)@#$!!!) it was just a matter of filling in some forms. My journey with this process is documented here...

It's not the 1st one I 'regret', it's the 4th one! When one calculates one's servicability when interest rates are at record lows, and forgets to consider the strata fees :o, whoops! things get a bit tight at times! The only other regret is not getting educated sooner, and hence focusing...