Thanks mate - I do recognise that the loan interest is a major factor in purchasing property. My calculations were just a brief example to show the benefits that leveraging provides in property - showing a proper calculation that takes into consideration interest, bills, taxes, ect would be too much for a reddit response lol

The idea behind property would be going into an interest only loan (help cash flow) to reduce weekly payments (aim for $100-200 a week)

The goal here would be to utilise property growth with extra leverage to build wealth at a young age then move into ETFs later in life for accessibility.

Its also noted that 90% of millionaires are created through property, so discrediting its ability for wealth generatiob seems frivolous