Ive just purchased a positively geared property in NZ. There is no stamp duty in NZ and no capital gains tax. Also the rate of depreciation is 4% as opposed to Aus which is 2%.
Our property does not meet the 11 second rule, but it does still make a nice return.
In answer to your question, yes, there are still positively geared properties around, you just need to know where to look.
Also, to the key strategist – who has the ability to pay $1100 in rent? I mean really?
Rin
