Forgot to add, might be worth considering the recent article about interest rates in the future
http://www.smh.com.au/articles/2003/08/25/1061663735507.html

Regards

Teylu

Depending also if your principle place of residence has a mortgage (as mine does), I have opted to take IO loans on IP’s because
1/ the interest is tax deductible against any profits or otherwise your income. Paying principle on top of this increases your profit (as less cost of interest on the IP) and hence your tax bill
2/ Any left over…[Read more]

Thanks Anastasia

Yes you are correct and that is why I am basing my analysis on 42 weeks in the year. Thankyou for the story as this is exactly what I am concerned (and somewhat less now) about – it’s good to see that they have not had trouble finding the tenants. Can also see the benefit in advertising and finding tenants yourself as the costs…[Read more]