I think you have misread what I wrote.I'm not considering selling the house, I'm considering selling the apartment.Refinancing the apartment and putting the extra funds on my PPOR mortgage would be counterintuitive as I could not deduct the interest on those funds as my PPOR is my PPOR, not an IP.

No, I have not claimed anything as yet. I completely forgot / didn't know about claiming interest on the deposit when I paid it 2 years ago. Oh, how I've learnt since then.

I'm also interested in what is required as I am about to rent out my first IP.If I have a property manager managing the apartment, do I still need to take out landlord insurance?

Another similar complex settled around 2 months ago so for interests sake I might follow up with the agent who is managing that building and see how they have gone with getting tenants in.What powers have I got to ensure that they don't provide me with inflated figures? For example, am I able to ask to see a current rental contract (with personal…[Read more]

The way I see it is if at settlement time I follow the pack there are likely to be tens of apartments up for offer from the 'primary' property manager.If I go with a manager who is managing less lots from the complex, there is a greater chance of a client being interested in my lot.I guess demand plays a big part in it really… Thoughts?

Thanks for that info, Scott!I'll have to go speak to a few places next week and see what is out there.

To clarify, I would of course not claim the FHOG on the investment apartment since I would not actually be living in it. I would claim it on my future purchase.

imugli, thanks for the advice and explanation.Terry, that site has a lot of useful info, thanks for that. Also what you said in your second post makes a lot of sense.

Thanks for the help guys. Looks like I will have to make do with the $13,000 FHOG.Maybe it is a good idea to put off buying another place for another 3-6 months to allow myself to move into the studio apartment and do as much reading on investing as possible.I think we will get a high loan for the studio apartment to allow us to redraw funds as…[Read more]