Hi all,
Ready and looking to purchase first investment property. I understand quite a lot of people prefer negative gearing as they give more growth, and of course claiming on tax etc etc. But, I'm after a positively geared property, where the rental covers the interest, with a little bit left over, even if it's like $10.
Without getting into the positive vs negative arguments, any suggestions on of these sorts of properties in Melbourne? Every property I see, I do the maths using online calculators - once I work out all the expenses, it ends up coming up -ve.
Do these +ve properties only exist in rural areas?
Cheers,
Ozzie
Ready and looking to purchase first investment property. I understand quite a lot of people prefer negative gearing as they give more growth, and of course claiming on tax etc etc. But, I'm after a positively geared property, where the rental covers the interest, with a little bit left over, even if it's like $10.
Without getting into the positive vs negative arguments, any suggestions on of these sorts of properties in Melbourne? Every property I see, I do the maths using online calculators - once I work out all the expenses, it ends up coming up -ve.
Do these +ve properties only exist in rural areas?
Cheers,
Ozzie
Positive/Neutral Geared Properties in Melbourne - Where are they?
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