Affordability is poor in many markets that have seen huge surges in growth in a short period. However, there are others where growth has been consistent and still trending higher. Look to identify suburbs where houses are still affordable relative to average household incomes.
Rasti Vaibhav, Author and property strategist
5 tips to help you invest in the current property market
If you rentvest to start, and later move to your investment property (1 year later), what are the CGT implications when you decide to sell?
Hi Sofia,
In cases where the rental property becomes the main residence, you may qualify for a CGT exemption if you live there for at least 12 months before selling.
I hope this helps.
Cheers,
Richard
If I buy a property, rent it out for a while whilst renting another property myself, then later move in to my property, what are the tax implications? Will I be subject to CGT for the investment period of the owned property? How is it calculated if I don’t sell until a number of years later? Anything else I should consider?
Hi Dsal,
Thank you for your question and for contacting finder.com.au – we are a financial comparison website and general information service, we are not mortgage specialists so can only offer general advice.
Basically, in your case, the CGT you’ll pay will be worked out by comparing the number of days you lived in the property to the number of days you rented the property. You’ll also be partially exempt from capital gains tax. You can find more details about CGT on our guide to selling properties and capital gains tax.
Cheers,
May