Hi All, Looking at purchase our first Investment property and looking for some "peer review" on this proposal. Purchase 2 bedroom unit for $265K private sale referred to me from a work colleague. Will be purchasing well under median for this suburb and I am confident in capital gains. Very close to all amenities and a no frills unit with nothing to do in terms of repairs at this point in time. Strata $484.00 p/quarter Rates $2330.00 p/annum Rent $280.00 p/week Interest Only Rate of 4.09% Using equity in our PPOR towards purchase with IO on the investment loan with offset accounts set aside. Any thoughts?