OK, so again why have an investment property?  What are some basic reasons people buy these investments and say not shares etc?  But thanks for the info, will look into it.

I am in the ACT.  What is PPOR?  I guess another thing to consider is my wife owns that house, we only moved out last December (07) and she will hopefully not have to pay CGT but if we move to new house, that might become her Principle Residence so…..But thanks for the info…..Geoff