All Topics / General Property / new investment

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  • Profile photo of stevostevo
    Member
    @stevo
    Join Date: 2004
    Post Count: 2
    January 5, 2004 - 9:29 am

    Hi,
    New to this site so Iam not sure if I am doing this right, but would like some advise. Recentley purchased a House & Land package. Paid $92k land a 4 bed D/Garage house for 178k. Value on land has risen to $110k and package has risen to over 300k. Nothing built yet. Should I finish the project and than sell?

    Steve

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429
    January 5, 2004 - 9:32 am

    Hi Steve and welcome

    Could you finish the package and then rent?

    Did you buy the property initially for you to live in? Are you using the FHOG?

    Are you renting at the moment?

    You could always move in for 6 months, and then move out and rent it – and claim the CGT exemption as a PPOR for 6 years if you don’t have another PPOR in that time.

    More info required…..

    Cheers
    Mel

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