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I agree with you, in part. To connect utilities, etc, one would typically end up living somewhere for a few months. Doesn't mean it's law! :p And the other side of that is, that if you DID live there for 3 months, then it would be difficult for the ATO (or anyone else, for that matter) to...

As others have already mentioned, you need to "make it your residence" and then it can remain your PPOR for up to 6 years (while you have no other PPOR). The definition of "make it your residence" has also been covered; some examples: get the address on your license updated; connect...

:D Here's some info specifically about the 6 year rule. http://www.ato.gov.au/corporate/content.aspx?doc=/content/86191.htm

Only if it was lived in (was PPOR) prior to renting. And what does having another IP have to do with the CGT implications? :confused: Now THIS could be a good idea. Although the idea of getting vals and the CGT comments don't seem to compute.