First property: PPOR or investment property?

Hello! Deciding between purchasing a Primary Place of Residence (PPoR) and an Investment Property (IP) can indeed be a significant decision, especially as a first-time buyer. Both options have their own set of advantages and considerations.

1. Buying a PPoR: Since you’ve already put $60k into the First Home Super Saver Scheme (FHSSS), buying a PPoR could be financially advantageous. Utilizing the FHSSS, along with other potential government benefits like stamp duty concessions or the First Home Owner Grant (if applicable in your state), can significantly reduce the upfront costs of purchasing a home. Living in the property for the required period before renting it out could also provide personal satisfaction and stability, while still allowing you to benefit from potential property value increases and rental income in the future.

2. Purchasing an IP: This option might appeal if you prefer the flexibility of renting in a desired location while investing in a more affordable area. This could potentially offer a higher rental yield and the possibility of capital growth. However, it’s important to consider that you won’t be able to utilize the FHSSS or first home buyer benefits, which are designed specifically for those buying a home to live in. Additionally, managing an investment property, including dealing with tenants and maintenance, can require more involvement and resources.

Given that you’re not in a rush to move and enjoy your current living situation, you might find it beneficial to weigh the potential long-term returns and costs associated with each option. Consider factors such as the property market trends in your preferred areas, potential rental income, and your personal financial goals.

Since you’re planning for a significant financial decision, using a platform like Pearler could be advantageous. Pearler is designed to help investors make informed decisions and track their investment journeys. Whether you dec

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