Is there a floor plan? It looks quite 70’s style. We rented a unit behind a shop and you had to come in through the bathroom as we didn’t have access through the shop and getting our mail was a issue as well, we had to get a PO Box.
Seems to be solid property – good luck

Did you leave tools at the property for the tenants to maintain the hedge? I think it is a bit rich to expect them to maintain it sorry – I would have a gardener in place to maintain it as the hedge dictates

Oh wow. When I looked at the first pic – I was thinking this looks like a nice solid house lol.
Look forward to your updates, and how the budget travels

ahhh thanks for the clarification Kate. When we spoke to Consumer Affairs the lease was open

You may have trouble getting a property manager interested in managing a fully furnished property as it is a lot of extra work for them (photo’s, condition reports etc).

AAQ – would you be able to share the purchase price of the property that you were able to use the $100k in your super to buy?

Nitrodrops – if your relocating overseas I think you can withdraw your super? Might be worth investigating

If you don't already have one I would recommend getting a PO Box so the tenant doesn't know your actual address. If your listed in the white pages I would recommend getting in the nearest CBD and getting it redirected.
Try to keep a distance between yourself and the tenant.

Try to hang onto the property as a investment/rental asap and as fWord has suggested change to Interest Only and get a quantitive surveyor to do a depreciation schedule for you.
It is only a couple of months until the eof fy. When you lodge your tax return your accountant will be able to assist with lodging a tax variation form to lessen your salary tax, resulting in more take home pay.

Is it an option to make the studio and investment property and use the equity to purchase something similiar or vice versa?