I've heard all the pros and cons, but surely you have to be a fool to fritter $28,000 to the wind. Even a property with negative ongoing equity has to bottom out, whereby you can retrieve some capital for your effort.
Perth is adding 157 people per day. Great news for landlords who are fools to have bought an asset returning such returns.
http://au.news.yahoo.com/thewest/a/-/breaking/12952948/perth-renters-offer-more-money-to-secure-a-lease/
