Hi PCers, I'm looking to purchase my first IP in Brisbane in the next 1-3 months. With a long term vision in mind of building a portfolio for the next 30 years, is it worthwhile setting up a trust for this purchase now? My understanding is that transferring a property into a trust would incur stamp duty fees. If in 10 years or so years down the track I wanted to transfer X number of properties into a trust, it would be an expensive transition. Yet setting up one now seems to have some drawbacks also - not being able to negative gear which may hurt cashflow, costs in setting one up etc. Thanks!