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  1. W

    Purchasing second property

    That is why I say you need to ask someone who knows before doing anything. Hopefully someone else who is either an accountant, broker or solicitor will come along and confirm if I've somehow stuffed that up. I would look at changing accountants. (I'm certainly going to have egg on my face if...
  2. W

    Purchasing second property

    Please check this before taking action, but because the unit is your PPOR currently, you could move out, get a valuation at the date it becomes an IP. Get a depreciation report too. If it is worth $600K now, then you take out the money from your offset so the loan on your unit is the highest you...
  3. W

    Purchasing second property

    Can you move into the new place now? If you rent it out for say five years, live in it for ten, you will pay capital gains tax when you eventually sell a much improved house because you didn't live in it first. You could move in for 12 months, move out again if you really don't want to move...
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