This summary is an illustration based on the assumptions shown, not a forecast or financial advice. Capital growth, interest rates and rents can move in either direction. Tax is simplified: tax is shown in the lease year it relates to, rental losses are ring-fenced and carried forward, depreciation is not included, and GST is not calculated (figures carry the GST treatment entered). A sale within 2 years of purchase may be taxable under the bright-line test, and a sale can also be taxable under the intention or dealer rules regardless of hold period. Investors should take independent legal, tax and financial advice before committing.