Hi All, It has been a while since I have posted - so thought i would give an update as to what i am currently doing and obtain your thoughts. - Currently 22 years old - Earn around 70k pa in IT - Recently bought a house 316k (3 Bedroom House - Berwick Melbourne) - Current Mortgage 248k - Current Rent 300pw - 4k Macquarie Small Companies Growth Trust (100 additional per month) - 100 STW shares - Still live at home I will need to move into this house soon so that i can use the FHBG, i plan to do this by the end of the year - stay there for 6 months and then move back into the parents place to continue saving and paying off as much as I can. I currently have a P&I loan with ING and am trying to put as much money into this as i can to try and build some equity and then hopefully use this to buy a PPOR in a few years time. I also hope to continue buying STW and buy some SLF over the next few months (hopefully ending up with 10k of each by the end of the year..).. What can i deduct from the house? as i purchased it with FHBG can i not deduct any interest until after I move out and its an official IP. Or as its currently rented now am i able to deduct the interest/other bills until i move in?... Hope I have made some sense - and would appreciate any comments.. Cheers.