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Reply: 2.2.1 From: Sim' Hampel I think that the ATO would take a dim view of an owner occupied house that was considered "available" for rent. Why can't you get a tenant ? Are you charging too much ? Are you being too fussy ? Are you actually just trying to defraud the ATO ? My opinion is...

Reply: 1.1 From: Sim' Hampel When I moved out of my house and got a tenant in, I rang my lender (NRMA at the time) and told them what I had done. They didn't care. Of course, other lenders may want to do something like charge you more interest for an investment property. Are there also...

Reply: 2 From: Sim' Hampel Yes, once the property becomes income producing you must declare all income, and any you can deduct the interest from any borrowings used to fund the purchase of the property. Be careful that you don't use the funds for other personal expenses - say if you have a...