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I am only me and not Rolf but I think your plan has merit and you should enjoy a nice cg at the end of the lease. Just triple check that no further options have been granted and the Body Corporate fees which can be very high.

No need to apologise. Always happy to be corrected with the facts. Will now have to check that my accountant has a better idea than I do :)

I presume 10 is seen as running a business versus just having a passive investment? Does 10 ensure that people don't claim 4% on their holiday home?:cool:

From a thorough reading of the ATO website (well the relevant sections) Washington Brown is correct and more importantly I am wrong :D It has not been withdrawn as in no longer valid. It just forms part of the information relating to investment properties and what claims are permitable.

HI WB I was speaking from my own expereince and it is more complex than I understood. However option two on your link is misleading as it suggests that you mst own 10 when on the ATO site it says, and I quote. 2. is one of 10 apartments, units or flats in the building that is owned...

It is structured like most commercial leases. Eg 5 x 5 x 5. You would need to check that particular property as they do vary. If you stop thinking of it as residential it will instantly make more sense. If you lease out a shop you would also not have access to it. Same. The lease...

LVR's vary enormously between 60 - 80% as this is a commercial venture. Yield is better (especially when you take outgoings into account) than most residential but there is no flexability and there is a limited market you can sell back into so that obviosuly effects capital gain.

You can't choose to live there ina Quest apartment uless you paid as per any other resident. It is your building but Quest's business.

This is actually factually incorrect. Quest offer a commercial type lease on their properties. Like most commercial tenants they cover most or all of the outgoings (this varies from property to property) The cleaning costs, occupancy levels are Quest's issue not yours the landlord. They pay...