"Woudl be interesting to see if you are actually in front? Sure you may have $200k cap gains but if you sat on negative gearing at 17% and no cap gains for years the ole P&L woudl have been dripping in red..."
hawkers, I paid $40k some years ago which was a rental property during the days of 17% interest rates and stagnate growth, it is now worth near $600k.
Keep in mind that interest on the loan is a tax deductible expense
