Hello, I woukd be very grateful of your opinion regarding the following. I have recently settled for a house that I intended to live in. I have a P&I mortgage and LMI insurance, the loan product I have was a first home loan with a lower interest rate being an owner occupied home. My work has suddenly changed and I am needing to rent the house out. Being an owner occupied P&I mortgage, am I able to rent the house out and treat it as an investment property for tax purposes, given that I no longer live there? Would the ATO have a problem with me renting out a house that was initially approved as, and is still, an owner occupied mortgage?? I would appreciate your opinion. Many thanks.