yeah it made sense to me but I've learnt that if something makes sense, the ATO probably has a different opinion! Does anyone know how buying land and renting it out for a year or 2, then building my primary residence and living in it will be calculated when it comes time to sell and CGT?

thanks all, the  mortgage on this loan has an offest that 100% of my pay goes into (I have a casual job that provides spending money), so I'll just keep piling the cash in there.Tim