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@cadi Yes, aware of this. Thanks for your advise though.

@resjudicata We definitely are not benefiting from it. We will be working our asses off in making repayments in order to give them a chance to purchase their own home. They can either pay $300 per week to live elsewhere, or pay $150 per week to live in a house we purchased for them.

Advice needed please. Im a Mum with husband and 4 young adults. Our current house is too small to house them all. Current mortgage on family home is 230k. We decided we would buy another house so the kids could live there, pay $150 each per week and we could negative gear the property. The new...