have u still got your head in the sand, page-54

Zed237 your property loan $370 (interest = 28 000 per year )
Land tax $2200
Renting through agent 7% of 390 = 28 per week = $1450
Rates $1200
Water surage $800
Assuming the renters dont trash the place depreciation costs around 2% per year = $7600
Total cost $40 000 per year rent $390 per week = $20 000 per year.
You are losing money $20 000 per year I suppose the tax man is paying half YOU are still losing.
Figures rounded for ease of calculation . Property is a home NOT an investment dont be crazy