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What may happen for many homeowner wannabes is that the money they have saved up for stamp duty now becomes a part of the deposit.

That could be a very big factor in NSW from now. A lot of people will probably be choosing to get out of the rental market- which is probably what the pollies meant when they mentioned taking the heat out of the investor market. Maybe Queensland and other states become even more attractive now?

That reminds me of a Groucho Marx line. He was working on his front garden, when someone asked him if he got paid much for gardening. He said, "Not much, but I get to sleep with the lady of the house".

I's suspect that a property investor, who has IPs but no PPoR, should investigate having a PPoR at some stage- especially if it's a property which may be sold at a good profit. The CGT exemption on the sale of the property would make it well worth while the higher payments for 12 months while...

I was a renter for many years, and did not see any reason to buy. I was 35 (and a newlywed) before I decided to buy a place. That place did not do anything much for us. (That was 15 years ago). Five years later, we bought the PPOR we are still living in. When I discovered property...