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I always investing on the property and its a right way to earn a good profit but you should to have the proper amount or capital to invest then onle you will earn. I Usually build home and then sale it in my opinion that is a good way of earning.
HI,
I would suggest to look at how the ATO is looking at PPR turning into Investment Properties. If you were to move into a property as your PPR and renovate, keep it for more than 12 months to offset the Capital Gains Tax, and then sell, the ATO is watching these transactions, especially if this is done on more than one occasion. If you were to keep the first PPR as an IP and purchase your next PPR all good, but be mindful of what your strategy is from there. I recommend you talk to your Accountant or at least get onto the ATO website to research any changes. The idea that has been the norm for years is to buy a house, live in it whilst you renovate and then sell after 12 months to avoid Capital Gains Tax, move on to the next house and do the same, lookout the ATO are on to this and you may find all of a sudden you are in the business of Renovating and liable for GST and Income/Business Tax!!!!
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