Hi Terry – yes I had thought of renting it out but need some more info on CGT exemption for PPOR. If I were to rent it out, claim tax benefits, then move back in within 6 years would I then be required to pay back any tax benefits? My property is in Mawson Lakes SA, a Delfin land development. It has fantastic amenities (schools, shopping centre,…[Read more]

Thanks Lisa and Terry. In response to why to sell the PPOR – I am still struggling with it to be honest. The reason to sell is purely financial – We could keep the PPOR and live in it – and borrow just enough money to buy one IP and possibly  have the the cash flow to fund it weekly, but then where to? I don't want to stop at just one IP if there…[Read more]

Hi All,1. Do you use an accountant and / or financial advisor that specialise in property investing? Or should all of them be knowledgable in this area?I would really appreciate some advice on this one, thanks all.

Thanks all for your replies, much appreciated. In regards to holding the PPOR and renting it out  to avoid selling costs – I agree that this would be a better option. But we have a mortgage of $400K (repayments of $2800 month, IO would be $2500 month) so if we were to rent it out for a max of around around $400 per week we would be out of pocket…[Read more]

P.S – In case this info makes any difference – I am 28 years old, and my partner and I earn combined around $140,000 a year. Taking out rent of around $350 a week, we can service quite a bit of debt at this point in our lives. Thanks!

Thanks for your replies everybody.

Just to clarify we will be moving in to the property this month and planned to stay in the property for at least one year before selling it (if we were to sell. My main concern as someone pointed out is the associated cost of selling the place.

My concern with staying in the PPOR and using the equity is that we…[Read more]