Hi Dave & Terry

Thanks for your replies. We bought the Melb IP with the idea of eventually living in it – 3 bed unit in Bayside suburbs, nice place to retire to but now not sure we could live in a unit (beholden to Body Corp, close neighbours etc) but probably just something we need to get our head around. Syd is a unit as well but as we’re…[Read more]

Thanks Marc – yes we’ve considered all of your options (apart from the casino of course!) and you are quite right about not wanting to take on non deductible debt at this stage.

Thanks everyone for your comments

Hi

IP Melb $580k, owe 300k, rent $340 p/w – IO loan
IP Syd $420k, owe 100k, rent $335 p/w – P&I loan
PPOR $???k, owe ???k, rent $260/wk – we don’t own a PPOR, we are currently renting a house for $260 p/w.

My gut feeling is that we should continue along these lines (hang on to IPs and continue renting ourselves) and re-assess the situation when…[Read more]

Hi Terry

Thanks for your reply. No, we have never lived in either IPs. I understand that if we did chose to move into one of them at retirement, that the CGT liability continues to accrue whilst it is our PPOR.