Good points team21 I wasn't thinking of either of them in your case. Just make sure you have a good legal agreement in place - just in case things go pear shaped sometime in the future.
With respect to structure I have set up my structure for both asset protection and land tax minimisation so I would suggest a good structure is to have a company act as a trustee with various family trusts holding the property. I have also set up another company as a beneficiary - this way I have the option to stream income to myself or anyone related to me or stream it to the company which ever is most beneficial to me financially at the time. The other reason I set up a company to act as a trustee is because you cannot have a sole primary beneficiary to the trust that is the trustee of the trust. Therefore if you have a company where you are the director/secretary you control the company then by de facto as the company is the trustee you control the trust (indirectly).
