Sorry, I forgot, Capital Gain is an additional bonus, isn’t it?

Thanks for the comments guys!
Alf, my calculation is excectly the same as yours, about 3.5% (based on price + 5% cost)
Postives: Negative gearing; 20-25 years lease in contract, isn’t this good from the lender’s (Banks) point of view when I borrowed again for the 2nd IP in the future (additional fixed income)?
No hassels to look for a tenant for…[Read more]

It’s in Brisbane, a 2BRM apartment.
I’m dealing directly with the developer who keeps the management rights and needs to put a caretaker in the building. That’s why they need an apartment for the caretaker to live in the building (the one that I intend to buy).
The lease in the contract is 4×5 years with a possibility of 5×5 years (like a…[Read more]

I’m 57 and just got an approval in principal for an investment loan (30 years) through echoice.com.au without any problem. Try them out, they’re very helpfull and will visit you at home.
Good luck!

Try contacting echoice.com.au Battz. It’s free!
Good luck!