Thanks Richard,

I had a feeling that legislation does not consider this as a special case. The only potential problem I see here is that I am claiming FHOG on that property. The deal look like this : the property is leased until late next year. We are going to lease it until contract is up and then move in and it would be great if we can claim all mortgage related expenses for the first half a year, but I heard from one of my colleagues that if FHOG is claimed you can't claim it as investment property until you move in and live in for 6 or more moths. That's really confusing me.