Hi all, I'm looking at bidding at an auction in Melbourne on the weekend. I've noticed in the Contract of Sale, that the property is currently leased out on a periodic basis. My wife and I are looking at purchasing this property for a knock-down-rebuild and to move into it as our PPOR. I wouldn't have any objection continuing the lease agreement whilst we take 6 months or so to work out our build. Just wanting to know what tax implications there are for us down the track if we do this. Will the property be subject to CGT upon selling it in the future (for the period it was leased out)? Will we be able to get a loan for the balance as PPOR, or will the banks treat this as an investment property? Thanks in advance!