Hi duckster, thanks for your reply.

Yes I was going to do what you have suggested with the $30K. Especially as I won't be receiving rent for the first 6 months. I really want to keep the interest down. By the time I go to rent it should be quite easy to get positive cash flow.

I am very aware that the FHOG ends soon, thats the main reason I want to do something. I feel a little rushed, because of it. Not to mention I am going overseas next month! ……

Cheers