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Ah, so you've just renovated and sold a PPOR. And did the same thing previously. And before that again. I'm with Winston and few others. Maybe he just wants a year or so where he can come home, watch telly, and not feel he should be on the tools. Maybe six months down the track he'll be up for...

If it's in a knock down and rebuild area and you're only planning on living there for 5 years, maybe he doesn't think it's worth sinking $150K into it. Is it possible that the next person who buys it will knock it down i.e. they'll be buying it for the land and the position and not the benchtops?