My wife and I own an investment property in Sydney. We’re renters ourselves, but want to move into the investment property to save more. What would happen if we lived there 3-5 years? Under current tax law, could we turn it back into an investment property after we move out and buy a PPOR?
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Question: I have recently changed jobs (two months ago) and my wife is expecting our first child in the next six months. With the housing market ripe for the picking, and having saved a 15% deposit, we’re thinking of buying our first home.
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A week before we were set to settle on a property, the seller died and my solicitor told me the settlement would be cancelled. We could just walk away, but we considered the sale a done deal and bought materials for a sizeable renovation. What are our options? If we do decide to walk away, how can we speed up the return of our deposit?
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An investor with a $450,000 budget is looking for advice on what and where to buy in Sydney. Read on for the interesting tips that the Your Investment Property online forum community sent their way.
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