AD – no worries [] and thanks for the welcome []

The price of the apartment is $499k – and is approximately 230sqm (91 internal & 138 external) plus a security undercover carspace. It is in a secure building in a beachside suburb in Sydney which is likely to rent for approx $400-430pw. The alternative is an older apartment approx $400k which might rent $330-350(at best)pw.

Depreciation on the new apartment is likely to be around $9k per year for five years. We are planning on structuring as an interest only loan to maximise tax benefit?

If there is anything else you need – let me know.

Thanks again
Lisa