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Ok, I just wanted to stress not just "live" in it, but make it your main residence.

s118-145 ITAA 1997 allows a CGT exemption on a property if it is your main residence and you later become absent. So if you lived in it briefly without making if your main residence it wouldn't necessarily qualify.

Dazz, I know a guy who is nearly 50, actually another guy who is 55 too, and they are still living with their parents and not married. (I keep interesting company). One reminds me of Joe on the Simpsons.

Ideally you would live in the one paid off - otherwise you will be paying non deductible interest. But this may not suit.

Doing well, why move out now? Going back to the original question, your PPOR will be the only major CGT free asset that you will probably own. So not utilising one of your properties as a main residence will be a waste. At least move into one of them and establish it as your main residence...