Hi Benny, thank you very much for taking the time to reply. It was really a good read and I appreciate it.

Oh, what I meant by roll over is – whatever my wife and I can save thru tax deductions (for investment property) to be used to replenish the funds (albeit not completely) that were used to cover rental shortfall and outgoings? Hope I’m not wrong to think this way?

Guess I will have to go back to the drawing board and see what’s best. Maybe even explore buying a property with land >450sqm and refurbish + add a granny flat (council approved).

I’ll be sure to keep doing my homework.

Thank you.