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first home to rent out and move into later?

Discussion in 'Property Experts' started by Mat87, 31st May, 2016.

  1. Mat87

    Mat87 New Member

    Joined:
    31st May, 2016
    Posts:
    1
    Location:
    Qld
    Hi, i am currently living with my mother with very minimal expence and was just wondering is it possible to buy a house in qld to rent out for a 12month or more period and then move into the property myself when i am ready? And are there any penalties ect involved?

    Thanks mat
     
  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    9,014
    Location:
    Sydney