Purchase Price	$300,000
Set Up Costs (stamp duty, legal etc.)	$15,000
Total Borrowings	$315,000
Yearly Outlays
Rates	$1,200
Interest @ 7.5%	$23,625
Agents Fees @ 7.5%	$1,170
Insurance	$600
Total	$26,595
Less Rental Income @ 300pw	$15,600
Negative Gearing Loss	$10,995
Plus Tax Depreciation Benefits	$6,500
Total Deductions	$17,495