Forum Replies Created
- DD wrote:If I had something that would return 10% II would try and duplicate that as a success story. $160 purchase and $320/wk rent is a flat 10% so depending on strat and management costs you are sounding like it is a winner.
I am off the same thinking but right now if the property is valued at $230k, wouldn’t it make sense to sell and then look for another $160k stunner? Especially since it’s still considered my PPOR, there won’t be any tax implications.
Hi maree_bradross.
Yeah the option is there and in fact I did consider purchasing an IP with the equity from the studio but the prices in Sydney at the moment are crazy.
I guess from my perspective, I’m more interested in the buy and sell option and doing it again. At least in the short term until I raise more capital.
The one thing I’m fearful of is not the market booming as I would have already made my profit on the property; it’s that the market might fall and the pricing of the studio at the moment is a temporary high.
Also, from my understanding, as it’s my PPOR, it will be CGT exempt and once sold I’m free to purchase another PPOR.
Do people actively buy and sell on their PPOR?
