Thanks crj for the ideas it is greatly appreciated.  I was not aware that I could have my wife transfer her half to me without incurring stamp duty.  As you can see I am very Green and trying to work out the best move to set ourselves up.  As or whether the house is a good investment I am organising to have the property valued as my research online is showing that similar properties in the area are selling for around $420k – $450k.

I have just gone out an got a few books to read over the week.  Thought I would start with Steve McKnight to see if I can understand the beasics more.

Again thanks heaps for the suggestions.

T