I don't want to lose my current place as it's really cheap for the city and I have been there for years. So I would have both. I'm only planning to have the place I'm buying as my PPOR of six months and then rent it out.

Initially I wanted to buy it as an IP, but since that won't work I'll purchase it as a PPR. If I get the FHOG, can I get flatmates and rent out rooms, as long as it's my PPR? Otherwise paying for it is going to be tough (but not impossible) as I still have to pay $130 for my current accommodation.

NSW