A
Anonymous
Guest
From: Anonymous
Hello all,
I really like the concept of a cash flow positive IP rather than a negatively geared one. The inner Sydney market is the one I know best so I would like to buy an IP here. Does anyone know if it is realistic to expect to find a positive cash flow IP in the inner suburbs of Sydney? Prices are so high compared to rental yield, and most properties on the market were built before 1985 (hence cutting out tax depreciation allowances). It just seems that if you intend to borrow 100% of the purchase price of the property, plus a bit extra to pay for expenses, that you can only expect to have a negatively geared property in Sydney's inner suburbs.
Cheers
Andrew
Hello all,
I really like the concept of a cash flow positive IP rather than a negatively geared one. The inner Sydney market is the one I know best so I would like to buy an IP here. Does anyone know if it is realistic to expect to find a positive cash flow IP in the inner suburbs of Sydney? Prices are so high compared to rental yield, and most properties on the market were built before 1985 (hence cutting out tax depreciation allowances). It just seems that if you intend to borrow 100% of the purchase price of the property, plus a bit extra to pay for expenses, that you can only expect to have a negatively geared property in Sydney's inner suburbs.
Cheers
Andrew
Last edited by a moderator: