Hey Richard sorry i should of explained myself a bit better, but that is exactly my plans. I currently live in Parramatta Sydney, and im looking to buy around the Blacktown/Mt Druitt region, so it is nice and close for me to move in for 6 months claim the FHOG then switch it over to an IP and move back home.
"Secondly you will have one property which you can claim as a PPOR and preserve the CGT status for 6 years subject to not buying a second PPOR." Will this be effected if i buy a second IP aswell or just a PPOR?
They were my thoughts regarding which lvr aswell, i think it is a far better idea to pay the 20% and work up from there, and hopefully allowing me to buy a second IP when i move back home.
Thankyou for the help Richard i will certainly let you no how i go with everything.
Nathan.