Thanks for the answers.

Both properties are currently negatively geared.

I got into investments so I could do exactly what I am doing now. That is being a stay at home mum and still have an income. Both properties were brought as PPOR and I lived in them for certain amounts of time. When I/we were ready to upgrade and purchase, we brought a new house and didn't sell the previous and kept it as investments.

My husband is on an ok wage and we seem to be surviving on just that and what the government gives us as family assistance. He also runs a small freelance business on the side, but not enough to pay me a wage. So it is not necessary to sell at this stage to have the extra money.

I not sure if I want to do anything too difficult at the moment, I like to understand and be in control of things.

I wasn't aware that I could accrue my losses.

So, if in 5 years if I decide to sell my property I have 100% share in and say I make a $100,000 profit. Over that same time I have accrued $10,000 expenses/losses against that property, would I only have to pay capital gains tax on the difference being $90,000? And then my taxable income for the year would also be $90,000 (assuming that I still am not working) and this would be where my tax benefit is?

Or another scenario. If in 5 years, one of the properties becomes positively geared, meaning that I have to declare that as an income, could I then start claiming any losses from the previous years against this new found income?

Please let me know if either of these scenarios are possible. Thanks.