Thanks everyone, very helpful. Anyone in a similar situation/constraint as mine? Keen to hear your stories.
Summary so far:
* Passive buy and hold
* Start with new-ish inner city townhouses/villa and claim depreciation
* Progress to small development if work situation changes
Any other alternative strategy to consider?
In my scenario, should I consider the right holding structures from the get go? Will the cost to setup and maintain a trust outweigh the benefit? All I'm looking for is tax arbitrage and efficient wealth transfer to my children.
I think you are jumping ahead? no?
Go back to TerryW's first post, where he says start at the end and work backwards.
Figure out WHAT you need to reach your goal first.
THEN figure out the best way to achieve it.
Once you know that you can discuss with an accountant the best structure to reach your goal.
There are many ways to skin a cat.