Thanks a lot Terry.
It seems that there is no benefit for a PAYG salaried person in term of tax benefit and asset protection with hybrid trust. You might as well buy a property under your name and pay the bank with interest only loan, thus obtain negative gearing benefit. And if you want asset protection then gift money to a family trust, aim to pay the property off quickly. In the early years expense is higher than rental income but in family trust the loss can be carried forward to the next financial years when the trust property is positively geared, which can then be distribute to the beneficiaries with the lowest threshold.

Much appreciated if anyone can comment on above statements, whether they are correct or not.

also does any one know a good property accountant that they have used and they highly recommend and have office at Sunshine Coast Queensland?