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Once you have established PPOR (by living it it) you can choose which one to apply the CGT exemption and for which time periods. This choice is effectively made in the tax return for the year in which the first property is sold. If you choose to nominate property 2 as your PPOR from the date...

Property 1 was never income producing so you can choose to maintain it as your PPOR and be CGT free regardless of the time that expires after you move out. You can only choose one property at a time as your PPOR.