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You can't claim depreciation on your property while living in it.(unless renting out part or using it as a business)

Strategy for potentially eliminating CGT - move in and establish the property as your main residence, then move out, rely on s118-145 to keep the property as your main residence for up to 6 years while absent. I agree with Jess - best not to pay down the loan but store cash in the offset. If...