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Well I finally made it to the end of this fantastic (and long) thread. I am convinced Frankston is a good place to buy an IP. Now I just need to compare it with a few other areas and do a whole lot of general research before I buy my first property. Great info from Harris and Toni and others...

I am in a similar situation, thinking about buying an IP. I am a resident for tax purposes, earning foreign exempt income. Therefore any of these losses would be offset against my exempt income unfortunately. In my situation I was wondering if it might not be better to set up a trust and...