A question about a strategy I am mulling. My brother cares for my elderly father in our hometown. They live separate. My brother's lease is up and will move on as they are subdividing and doing construction there. It's in Hamilton, western Vic. REntal properties are actually not that cheap there. Supply is low. My Dad will lend me 20,000. I would put in 18 and buy a 200,000 property for my brother to live in, while he cares for Dad. Then I could knock some of the rent off as domestic arrangement. My salary is 60k a year. So assuming I would ordinarily get taxed 30% on any capital gains from rent, I could offer my brother 30% off market rate and would be a win win. I know I can't claim any tax lessening in this arrangement. I know financially its not smart but then again, I would not have this 20 grand ordinarily so I see it as family support. Just trying to help him out and my Dad, create some stability for them. Any advice appreciated. Never bought a house, just muddling my way through it.