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Thanks for all your responses. Am thinking I might pursue the renting path. I have a part time business I run from home and as some of our properties are in a company then I'm sure we'd be able to use some of the rent as a tax deduction. Sash, good food for thought to buying an older...

DH and I are moving back to the burbs soon to be closer to my mum now that we have a bub. We will be renting out our PPR in the Eastern Suburbs (with no intention of moving back in) and moving into one of our IPs out west for 4-6 months to fix it up a bit and then put it back on the rental...