Thank you for detailed response.
So without cap gain, it would be impossible to upgrade to the next ppor. Every ppor needs to be treated as an investment property with a view to cg.
Yes and no.
I've always tried to smash the loan repayments down on my PPoR's as much and as soon as possible. It doesn't matter about CG then - you create your own equity, and the interest is not deductible, so I'd rather get rid of it asap.
I never set out to treat any of my PPoR's as an investment with a view to CG - until no.4.
I've just blundered along, living where my life took me at the time.
Amazingly, each one did ok, with one spectacular win (no.3) which doubled in value in 2.5 years.
But it wasn't yer standard 3 x2 in the burbs; it was a unique property that cost us a huge amount for us, bought at a bit of a discount and the area went bang soon after - total fluke..
The investing mind only came into being just after moving into no.4, and the view was then to use the PPoR equity for IP's.
The timeframe between no.1 and no.4 was 15 years. Lots of wasted time there I'm afraid, but we've still done ok even with the missed start..
Anyone who is lucky enough to have the knowledge to start off in PPoR no.1 with the view to use it for investing is way ahead of the game.
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