Thank you for your advice Richard , was helpful and informative

PK1

Dear Richteddy and Duckster , thanks for your reply.

Sorry I did not mention the cost which is 185,000

Richteddy , what I understand from your reply is that in ideal world I need to look for a property which is easy to buy ,not too much cost to maintain , give good rental return and when time comes easy to sell off .Yes you are right at present there are 3 of these kind from the same place in the market . I dont know for how long though .It is a retirement facility

Duckster , the cash flow would be

Income =19240

Expense=

body corporate 3880;

council rate=2700;

interest @6.5% =12025;

insurance =500;(guess not sure)

water rates I guess should be includes in council rates, but I need to confirm that

This give positive cash flow of 135.00

Thanks again both of you for your input as this  made me think more, may be I should look for something different to start with.

PK1

Dear Terryw and duckster thanks a lot for your reply.

Terryw you have mentioned about CGT exempt in certain circumstances what are they.

PK1