Has anybody gone down the path of buying an IP which is - rather than their "usual type", a very expensive (relative to your situation) property which will be rented for a period (say 3 - 5 years) with a view of making it your PPOR down the track?
This enables you to buy a much, much more expensive PPOR that you otherwise would, and get the price "locked in" now as well as negative gearing benefits to help pay it down (or save cash to transfer into an offset when you move in).
I see this as possibly working if you:
(a) are on a higher income tax bracket
(b) are in a major capital city, where a "period house" or house on a big block close to the city costs quite a bit, but there isnt much a normal tenant can do to hurt the property too drastically.
Thoughts/comments?
This enables you to buy a much, much more expensive PPOR that you otherwise would, and get the price "locked in" now as well as negative gearing benefits to help pay it down (or save cash to transfer into an offset when you move in).
I see this as possibly working if you:
(a) are on a higher income tax bracket
(b) are in a major capital city, where a "period house" or house on a big block close to the city costs quite a bit, but there isnt much a normal tenant can do to hurt the property too drastically.
Thoughts/comments?