Thanks for not giving me the spiel, thats what I tried to avoid with the description

Yes thats correct it was originally my PPOR, and I thought for tax purposes it was still called this as I dont own another property? Is this now an IP? Is there an impact on this 'what I call' PPOR when I buy an IP with a mate?

As for the FHOG, my mistake I mis read the eligibility criteria from osr.qld.gov.au.

You are correct about purchasing netural or postively geared property. Regarding Trusts from some of the books I've read its suggested just to use joint names/common tenants? I will further research trusts.

It seems a lot of people have difficutly with trusts, can you/or anyone suggest a good website/book/resource that has all the trusts?