Yes, Yes, Yes there are but I think you may have to move out to country towns to get this. I have a house that is positively geared and was very cheap to buy (under $100K) I did nothing to it to get the current rent and it is going well. Start thinking big towns and good luck!
Yep... positive gearing is definately still about. I have 3 IP's that are returning almost 17% and have also had 20% CG. I think I may have 'jagged it' so to speak.
But youre right its getting harder to do as prices rise and the rental market softens.
Perhaps a spread of properties for CG and some outer area IP's for cashflow.