Congrats. I think most of the people here who are anti-property are thinking that everyone has purchased their properties in the last few months.
For those of us who've bought and held for 5 or more years it's a bit hard to convince us that we should be dumping.
I love Brisbane. We have some in Arana Hills and one in Newmarket.
Negative gearing isn't so bad though. If you choose wisely it's only negative for about 3-4 years at worst and less and less so in that period. If you have a reasonable level of income it's quite effective in bringing down your tax. If you don't have high income you need to tailor the level of loss to your income.
Positively geared properties are great when you find them in areas which will also show some capital growth above inflation. There's a book called "0 - 130 properties in 3.5 years" where the two guys bought only +vely geared properties and then only well +ve.
They found they still got reasonable cap growth, at least keeping up with inflation.
