HOMES AND MORTGAGES
How do I go about selling shares to buy a PPOR?
Hello! I'd like to know how do I go about selling shares to buy a PPOR with my partner? We don’t own any other property and don’t qualify for first home owner schemes. The houses we’re looking at cost around $1M, and I only have $50k in cash (enough to cover buying costs, leaving $0 for a deposit). I have $300k in shares (VAS/VGS held for 5 years) and am considering selling $100k to use as a deposit. I’m struggling to find online resources that explain this process. Any thoughts, opinions, or suggestions? Links to helpful resources would be greatly appreciated. Thanks!
Matteo Rossi.
16 January 2025
0 Comments
4000 characters left
Related posts
Homes and Mortgages
ETFs vs. offset accounts: When to move money?
I currently hold ETFs and have funds in offset accounts. Ignoring market fluctuations and tax implications, at what poin...
Homes and Mortgages
Redraw from IP to invest in ETFs
Hello, we have an IP that is P&I, and we have about $5k redraw available. Is it worth pulling that out of the IP loan an...
Homes and Mortgages
Debt recycling
Hi all. I've been working towards a debt recycling strategy and am now at the point of redrawing from my split loan and ...