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CGT is actually calculated differently depending on 1. Whether it is a main residence becoming a rental, s 118-192 ITAA 1997 or 2. Whether it was a rental first and then became a main residence. s.118-185 ITAA 1997 1 is based on value at date it became a rental, 2 is based on time the...

Living in it as a main residence initially will dramatically change things for 2 reasons: 1. It could be totally exempt from CGT, or 2. CGT would be calculated based on the value of the property at the date of it first becoming a rental. ie value rather than time based.

Good analysis