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will do. Not sure what that is but will think of you when I am at my next stage.
cheers k
Thats good news, my property is in the Sutherland Shire, South of Sydney so I think its an area that will keep progressing at a good rate in the property market growth. Fingers crossed. thanks for your info, I will get it valued and get back to the forum with my next challenge.
cheers for now Kylee
Thanks to everyone this is great information. And Number8 from Birchcorp thank you for clarifying the PPOR rule for my main residence. I would like to hold on to our property and buy another, its a scary step and I dont understand exactly how to do it. I will now go and find the right people to talk to. Can I just ask is it a Broker that I need to contact now to point me in the right direction with regards to managing our money and a 2nd property?
thanks again this forum is awesomWow this is great information thanks. Because this is my main residence at present and not an investment property. I thought if I moved back into it for 3 months before I buy a new main residence and then turn this into an investment property I didnt think I would pay CGT. Is sort of a loop hole. But only while I have the one property. i thought you could do this for up to 6 yrs?