property ? - no thank you !.

After stamp duty and costs .. who is happy with a 4% gross return ?(= a 2% net return after rates, management fees, repairs and a myriad of replacement items and maintenance costs )... for a Melbourne residential property.

Remember - we're borrowing at 7.5% .. for a 2% net return -
NO THANK YOU ! .. that's a 5.5% LOSS !!!

So instead of losing 5.5% ..my money is happily earning 6% in the bank !!!

So I'm 11.5% better off (+ 6% instead of -5.5%).

YES PLEASE !!!!!!!!!!!!!!!!!!!!!!!