ppor

Hi all, i need help as i have no idea much about selling PPOR, income and finances. My mum is a retiree and wants to sell her PPOR (downsizing reasons). IF she manage to sell her PPOR (then rents another property because she cannot find another one to buy just yet) and she puts the money...

I have a decision to make which will effect me financially! Its a financial versus heart decision and I think I know which one will win because I've gone over the different scenarios and I have realised this 1 factor is the most important. I'm currently living with my parents for the next 2...

Its probably been done to death, but I would appreciate some input on the following.... I have a PPOR subdividable block on which I want to; a) build a house at the back, then b) live in it, while I demolish the other one and build a new one on the front c) sell the back one, paying no...

hey guys I'm wanting check if my thinking is sound CURRNT POSITION --------------- -28 year old -just about to move out of home -IP1 just paid off --> equity at least $280,000 -IP1 bringing in $270 ($1,100 net per month) -wage $82,000 ($4,400 net per month) -business income $700 net per month...

Hi everyone, Long time reader with a first time post here! Hope someone can help. I am one of those who is in a fortunate, but unfortunate position in that I had paid off my PPOR (let's call it property 1) and now rent it out while my new PPOR (property 2) has a mortgage. Both properties are...

Hi all, I hope this is a simple question - but in my research it has become increasingly complicated... My situation is this: - Bought first home (a 2 bedroom appartment) 01/02/2011 - Claimed FHOG - Claimed First Home Transfer Duty Exemption - I have lived in the property since...

Hi all, My wife and I are expecting our first baby at the EOFY and need your advice! Current position; We have an IP each and are renting a home in Baulkham Hills (2153). IP's; 1. 2bd unit in Homebush West (2140) and 2. 2bd unit in Croydon (2132). We are looking at selling Homebush West to...

Hi, If some of you wonderful investors could help me out here, it'd be greatly appreciated. :o I have PPOR (a studio), lived in it for 8 months, then moved closer to my work near the city, PPOR is no longer and now tenanted. I want to sell that studio now. I won't be moving back into it...

I got a draft contract of sale from our solicitor for the purchase of our development property by our trust, as detailed in my other post. As brief background here, we are relocating the current house on the property. The property with be subdivided, and then one block sold back to mum with the...

Hi, If I rent out my PPOR (3BR), can I convert the loan to IP and use it for negative gearing? I am then intending to rent something smaller for myself for 1/3 of a price what my current repayments are. Or is it better to share 2BR out? Would that work? Cheers,

Hi All Our PPOR is in my name currently in WA. We rented it out in Jan 10 (its our only property) and we are renting in QLD. We got married in Nov 09. Problem is its positively geared and as its in my name am I liable for the 100% of the tax due? Her income is significantly lower than...

HI All I'm new to the game and rented out our PPOR as an IP to move interstate. As tax time is looming I am a little confused on 3 things. 1. Would i pay CGT on this house if selling to by another PPOR? 2. Is a depreciation review good to do? House is 3.5 years old. Rented since March...

Hey Guys, following on from my post in this Thread. This idea grew on me so much that ive ran the numbers. Its turned out to be a better outcome than i though so i thought id share it with you guys. Ive attached the calculations but to summarise, The example is based on an actual...

Hi all, I'm looking to buy my first property this year, a unit in Sydney to use as a PPOR. I've been reading the forum for a while, but haven't seen this topic come up: The advertised interest rates on IP loans are higher than on PPOR loans, generally. So how to the banks ensure that...

Diagram to help explain what can be claimed as 'PPOR'. Each blue letter denotes a separate title. If you live in house 1, can you claim properties A, B & C as your PPoR, or can you only claim property B? For example for land tax or CGT exemptions.

The average home loan is often paid off quicker than the normal 25 yr term. How long did it take you pay off your PPOR ? If you upgraded, then guess how long it would have taken to pay off your first one. And if you're still paying it off, then work out how long you think it will take if...

Hello, I understand that you can live away from your PPoR for up to 6yrs and avoid paying CGT if you sold the property. Example: I believe it's possible to avoid paying CGT if I live in my PPoR for 2 years, move out to rented accomodation, live in the rented accom for 5.5 years and then...

Here is my situation, I am returning from the UK after living here for a few years, I rented out my PPOR effectively turning it into an IP. On my return I plan on moving back into that property until we find a new place. What I need to know is can I claim the depreciation on that property...