Hi, Proportunity
My understanding of PI is you either go with CF + or (perceived) CG. for people holding negative gearing IP is most likely for tax benifit, but you still pay for the negative geared IP (balance between interest and rent minus tax deduction), which could be considered as a compensation to CG. If you hold more than 3 negative geared IP, it really limits your ability to purchase more IP, which is not a good long term strategy.
In terms of CG, this is really the interesting point. any thoughts about Lalor Park NSW. It is close to Norwest business park and Blacktown, not far from Kellyville or Seven Hill or Castle Hill.