Hi guys... Big time property investment newbie here with a possibly stupid question. I understand the benefits of positive gearing when it comes to tax writeoffs and investing primarily for capital gains. But what about positive gearing? With many investor loans hovering around the low-mid 3% and returns from term deposits, etc. being so poor, why aren't more people positive gearing? Granted, it's not super easy getting a rental yield over 4% on houses in decent areas, but there are loads of units out there with yields in desirable locations with a yield over 5%. Even after accounting for strata fees, management fees, vacancies / repairs, etc., it seems pretty doable to be cashflow positive if you have more than a 20% deposit to put down. Am I missing something here? If not, why aren't more people doing this?