Hi all, I am about to purchase a newly constructed 3bdrm Unit in Victoria for $230k. The property is regional and I am a FHB which means I qualify for the full $29,500 grant providing I sign the contract before the end of December. Because all my money is tied up in shares at the moment, I am giving the builder a 7% deposit bond with the balance due on completion (August 2010). With the LVR at 90%, my lender has agreed to use the FHOG to cover my deposit on consideration of my share portfolio. After living in the property for 6 months, I plan to rent it out. Can anyone outline the potential costs involved with renting the property along with other costs of being a property owner?