All Topics / Value Adding / Keep on renting

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  • Profile photo of shergarshergar
    Member
    @shergar
    Join Date: 2006
    Post Count: 7
    July 18, 2006 - 1:56 am

    Hi,

    Looking for a few pointers if anyone out there can help?

    My situation is that my wife and I (and kids) have moved from Sydney to Brisbane recently. We have an IP in Sydney which is rented and we have one in the Gold Coast which is rented and we are also renting ourselves at the moment.
    We are looking to move into our own house on the GC soon but I just wonder is it the best move as I have often heard that you should never live in your own IP.
    It will need some work I presume as its been a rental for close on 8 years.

    Should I move in or not? Is there advantages one way or the other?

    Thanks in advance.
    [thumbsupanim]

    Profile photo of lyndon_glyndon_g
    Member
    @lyndon_g
    Join Date: 2006
    Post Count: 58
    July 19, 2006 - 1:29 pm

    Hi Shergar,

    i would have thought that if you moved into an IP, it would then become your PPOR?

    i am unsure of this..very interested to see some informative replies to this one!

    Cheers
    Lyndon

Viewing 2 posts - 1 through 2 (of 2 total)

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