Thanks you all for your comments.

I am trying to get an estimate of tax return based on the negative gearing:

– Our mortgare now $274000 (purchased $300000, Living in 5 years)
– Repayment per month: ($1900)
– Estimate rental cost (council, strata, etc) p/month ($300)
– Estimate rental income…[Read more]

Thanks Simon for your prompt response [thumbsup2]

>You will also be exempt from CGT for a 6 year period as long as you do not buy another home.

I am new to this investment idea so forgive me if my questions seems very stupid:

– Are you saying, I will get exempt from Capital Gain tax for 6 years for the current residential home when I will sell…[Read more]