A lot of people rent their home out then rent places overseas to live for a few hundred dollars a month.
Or they may be mostly based in Melbourne but head north to their Queensland holiday home (which they also own) in winter. My understanding is that only one of them can be counted as a PPOR at any one time and thus has the capital gains tax exemption.
https://www.ato.gov.au/General/Capital-gains-tax/ & http://www.theaustralian.com.au/arc...holiday-hideaway/story-fn92b3v1-1226122425831
There may be other times when the PPOR receives favourable treatment, eg the age pension, compared to other items eg holiday homes. http://www.taxreview.treasury.gov.a...t_Income_Strategic_Issues_Paper/Chapter_6.htm
Getting back to topic:
IP (occupied) = fast word
PPOR = slow word
Holiday house = even slower word
Consumer credit = tiderc remusnoc