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Hi All, Thanks for the respones the links were helpful too. My understanding so far is: 1. We can elect to keep our PPOR as a PPOR whilst we live in the house we have bought to renovate. This preserves the CGT free status of our PPOR. Will the rent from the PPOR be assessable income...

An opportunity has presented for us to buy a property with view to doing a reno and flipping it in 6 months. We are considering renting out our PPOR and living in the fixer upper Then moving back into the PPOR. We owe bugger all on the PPOR and would use some of the equity to fund the reno...