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I find it is usually referred to as "Main residence" these days. https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Real-estate/Is-the-dwelling-your-main-residence-/...

It's a tax thing.

I grew up with property investors and started reading for sale ads for property as soon as I hit high school. I helped my brother in law renovate his second IP when I was in first year uni so he could get a better rent and improve his cashflow. I think I picked up the concepts early on and I...