All Topics / The Treasure Chest / Which way to go

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  • Profile photo of BoothyBoothy
    Participant
    @boothy
    Join Date: 2003
    Post Count: 7
    July 2, 2003 - 11:33 am

    I am about to move from Sydney to Perth, maybe early next year. My question is do I sell my property here, no mortgage, in Winmalee (Blue Mountains) and buy a house and the take out an IO loan for one or two properties in Perth or do I keep the house here and borrow to purchase a residence in Perth and negative gear it against the Sydney house.

    I am new to this game so I would welcome any advice.

    Cheers,
    Boothy

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    July 2, 2003 - 12:30 pm

    Boothy

    Are you planning, or is there any chance you will come back to live in your house in Sydney?

    Terryw
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of BoothyBoothy
    Participant
    @boothy
    Join Date: 2003
    Post Count: 7
    July 2, 2003 - 10:04 pm

    Morning Terry,
    We intend moving permanently to Perth hopefully around the Como area. I am not sure which is the better way to go, keeping Sydney or buying something as investment in Perth when we get there.

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