Hi all I'm trying to work out whether I should move into the unit I just bought (settlement's in 2 weeks) so that I can treat it as my main residence, or whether I should try to find a tenant straight away. It's a 2-bed unit in South Perth which I bought for $420k. I've got an interest-only loan for 80%, but I'll deposit enough in the offset account to ensure I'm not paying any interest (until I withdraw the funds for another investment). I don't own any other property (recently sold), and at the moment I'm staying nearly rent-free at my mum's place. Apart from a coat of paint and new light fittings I probably won't be doing any renovating. Does anyone know how long I have to live in a place for the ATO to consider it a main residence? Would 3 months be enough? Are there any benefits to living there first, apart from saving on capital gains tax for the period it's treated as a main residence? I could start hunting for a tenant during that time so there's one lined up for when I move out. Thanks for your help. This is my first investment property!