Hi DDIt is certainly lots of food for thought.  We have decided to definatley rent our PPoR and will look at where to buy our second IP.  Just the money saved through not selling is enourmous much less the captial gains as both hubby and I are in a high tax bracket.So we will do a bit of tiding up of the house, and look for something that suits u…[Read more]

Hi Derek,You are right the emotional side can definately cloud your judgement.We have renovated the house over the last 5 years, but it is still a 30 year old house and we are ready to move.So here is what we are toying with.Keeping the house as our first investment property and using the equity to obtain a second IP.  Renting something that be…[Read more]

We are also new to this and were given the name of a company today from my husbands boss.  It is the McCarthy Group – are they also the type of company you are talking about?He has been trading with this company for a number of years with properties in Darwin and Cairns, they appear to be all for new properties though.

Thanks heaps, actually we went and sat with our accountant last night who also gave us a few options one of which is very similair to what you have stated.

Any other ideas from you savvy guys out there?

We just want to make sure that we are on the right track!!

Okay, so what you are saying is that we should use our existing home as our first investment property and then use the equity in that to purchase our second investment property?