Every investor needs to do their reseaarch, understand pros and cons, and get the best possible team of experts on their side.

Thanks for your response maree.There is no Builders Warranty as the building is more than 3 levels.

No, I'm in NSW.Sorry should have mentioned that in my previous post.

Thanks for your comments Mike. Anyone else have experience with the same?

Thanks for the advice Kevin. Appreciate it. However, I was under the assumption that I would have to reside at the property within the first 12 months. So I could rent for say 8 months and reside after that period (before it reaches 12 months). Also, it would be great if you can let me know if I require a 'depreciation schedule', or if an…[Read more]

Live in it for 6 months. Rather live in it when it brand new!Do you think its better to rent out first, as I can claim this FY?

Sorry if this sounds stupid, but what is a depreciation schedule, and who normally goes through it?What's a rough figure I can claim back? I heard it was around 5k, for the property I'm purchasing. My unit block has around 25 units and all sold in 2 weeks. However, I hope I made the right decision to buy here. I’ve been looking at the rental v…[Read more]