Could your family home help build future wealth?
In this episode of the Brisbane Property Podcast, Scott and Melinda discuss whether retaining your current home, converting it into an investment property and purchasing your next home could be a suitable strategy.
They cover:
- What to assess before selling or retaining your home
- How rental income, holding costs and maintenance affect cash flow
- Why loan structure and tax deductibility matter
- The role of your accountant, mortgage broker, property manager and property investment adviser
- Capital gains tax and valuation considerations
- When selling may be the better option
The right approach will depend on your property, finances and future plans. This episode will help you understand the questions to ask before making your next move.
This episode contains general information only and is not financial, taxation, lending or investment advice. Seek advice from appropriately qualified professionals.
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Transcript
0:00: In this episode, we’ll talk about how your family home could be the biggest asset
and help build future wealth.
0:05: We’re going to talk about what you need to be aware of if you think this could be
an investment strategy to follow based on your personal journey.
0:14: We hope you enjoy this episode.
0:15: Hi everyone, and welcome back to another episode of the Brisbane Property
podcast with Scott and Melinda Jennison.
0:21: Yes, welcome back to today’s episode of the Brisbane Property podcast, where
we really are going to, Unpack a little loophole that many people are talking about in
relation to the federal budget, but this is something that as a team, we’re already
helping our clients to navigate at streamlined Property Buyers, and that is how anybody
that perhaps owns a family home, and you owned that prior to the budget that was
handed down back in May 2026, perhaps if you are looking to expand your portfolio.
0:55: And, or perhaps you were looking to add an investment property to your portfolio.
1:00: In the event that the home that you’re in right now is not your forever home,
perhaps there’s a way that, you can still take advantage of some of those negative
gearing benefits.
1:10: But before we get into this episode in more detail, I do want to say, this is general
information only.
1:18: It’s not tailored advice, and everything that we say needs to be verified by having
a.
1:24: Discussion with your accountant or your financial planner, or your mortgage
broker.
1:29: A lot of the time it’s going to be a combination of all three, depending on your
circumstances.
1:33: So, we are going to be talking about different strategies, ways that you can
actually use the family home to build wealth, to ensure that you can actually, you know,
step through that process in an effective way, and you know which questions to ask,
which advisors, and, and when.
1:48: Yeah, I think we, we do quite often talk about it on the podcast or even with our
clients to, To make sure you have the right team around you as well.
1:55: I, I think that’s a really important thing to avoid making mistakes.
1:59: I think that’s probably the biggest thing, avoid making mistakes, have the right
people there that are qualified to give you that advice, when it comes to building wealth
and investing in a property as well.
2:09: Just before we do start, it was a little while ago we, we did speak to everyone from
Nazare in Portugal.
2:14: So just those that are interested, we had a fantastic trip.
2:17: We’re back now in beautiful Brissie.
2:19: It’s a little bit cooler here than it is in in Europe at the moment, but, and they are
getting a lot of fires over that way, so unfortunately, hopefully everyone stays safe.
2:27: But yeah, back on deck here in Brisbane and obviously, Helping our clients with
streamlined property buyers and also and bringing the podcast to everyone, so we do
talk about quite often your family home could probably be your biggest asset.
2:42: Now I think some people off the back of the budget, there’s a lot of investors that
are really unsure on what they should do, how they should invest, what entities should
they buy in.
2:51: There’s so many questions and I think there’s still so many questions being asked
as well, but, you know what we’re talking about today is, is utilizing your family home,
And even when we help clients here at Streamlined to buy a home, we still keep that
investment hat on I guess in a way.
3:09: There’s still that emotional part of it, buying a home in the right locations and
things like that and, and I think that’s a really important thing to to keep in your mind.
3:18: That it is a big, big investment.
3:19: Yeah, absolutely.
3:20: Buying a home comes with lifestyle choice.
3:23: It comes with, you know, understanding where are the children going to be going
to school, where do I work, how am I going to be commuting, what lifestyle do I
genuinely enjoy, and that can, I guess, come into play when it comes to selecting.
3:37: Where I buy, it also determines, in some instances, what you go to buy.
3:42: Now, I will make very clear upfront that not every home that people already own is
potentially going to be an ideal investment property in the event that it is converted at
some future point in time.
3:57: And we are going to talk through what things to look for in a family home, if you are
looking to retain it and upgrade.
4:04: But ultimately, what we’re discussing is the ability, potentially to hold on to an
existing home, if it is not your forever home.
4:14: And if you owned that property on the 12th of May 2026 or prior.
4:18: Prior to that date.
4:20: And it’s not your forever home.
4:22: Perhaps it’s a, a property that you are looking to upgrade from at some stage in the
future.
4:27: Perhaps you’re a professional couple, and you’re thinking about starting a family.
4:32: You currently live in a unit and own that as your home, and you’re looking to
upgrade to a house or a bigger property at some stage in the future.
4:40: This is where this strategy could potentially be applied, depending on the advice
that you are given.
4:47: Because in the event that you still have any debt on that particular property, if you
were to convert it into an investment property, and we’re gonna talk through what would
be involved in that instance, and as a result of that conversion, you have a situation
where the expenses associated with holding that asset are higher than the income that
the asset would produce through rental income.
5:11: You would still potentially qualify for those negative gearing benefits because it
was an asset that was acquired before the 12th of May 2026.
5:20: So that’s what we’re gonna take a bit more of a deep dive into today, so that you
can understand all of the nuances around this strategy.
5:28: I, I think another thing to keep, be aware, I mean, when we look at, when we talk
about, and you mentioned then about people buying a home that might not be the
forever home, look, there’s a reason people buy a home, so they’re obviously attracted
to the home, so.
5:39: That’s starting to tick the boxes that it’s in a good location, might be in a good
school catchment, and it ticks those boxes that it’s attracted you or those people to, to
look to buy that property.
5:49: So that’s, you’re starting on the right boat there, you know, where you’re saying
OK, it’s a good location, it’s a good property.
5:56: It could then develop into a, a property that you could use as an investment
property as you talked about.
6:01: Now the other thing to be aware of is some people will say oh I, I just wanna
upgrade.
6:05: So I just want to upgrade my hopes.
6:06: I wanna sell this one and I’m gonna buy another one.
6:09: There’s costs involved in in buying and selling and transacting in property, so
there’s a massive cost involved when you start to buy and sell property, whether it’s
stamp duty, whether it’s agent’s fees and those types of things, and that can have an
impact then on your availability money to then upgrade as well.
6:25: Yeah.
6:25: Obviously, if you’re selling a home in order to upgrade a home, any property that
has been a primary residence is generally tax-free.
6:35: There’s no capital gains tax on that property if the entire duration of ownership
was, for the purpose of living in that home as a principal place of residence.
6:45: And if you are upgrading, it’s unavoidable to pay the selling agent’s fees upon.
6:50: On the exit, and also the other fees associated with stamp duty, for example,
when you’re purchasing a new home.
6:57: Where those costs potentially can be absorbed, or, or avoided to some extent,
especially the selling agent costs, is when you have the capacity to retain that asset as
an investment property.
7:11: Now, of course, retaining an asset that may already have a mortgage or a debt on
The property will perhaps have an impact on your future borrowing capacity as well.
7:20: So there’s lots of pieces of information that need to be gathered to determine
whether this is something that would work for you, and, we’re going to unpack that in
more detail.
7:29: So the existing ownership dates as well, that’ll obviously have an impact.
7:32: Yeah, that’s right.
7:33: So, you needed to own the asset or have a contract entered into on or prior to the
12th of May 2026, and It would have been for the purchase of a home in this instance, in
the, the podcast episode that we are recording right now.
7:47: We are talking about family homes or principal places of residence.
7:51: Let’s dive into a little bit more about, you know, could that existing home become
an investment property.
7:56: So, so what type of home and all those things, and these are the things you need
to consider when you’re looking to look to maybe use your existing home and turn that
into an investment property.
8:06: And there’s a Few things to really consider, you know, I, I talk about location and
strong demand, those types of things, which are pretty obvious because you do want
the, the place to be attractive for other people to want to live there as well.
8:17: And of course, one of the most important considerations is, can I afford to hold
my existing home and then purchase a new home, and that’s the first thing that needs to
be investigated, and a conversation with a mortgage broker would help you to determine
whether that’s even feasible.
8:31: And we’ll step you through some of the things that you would need to provide you,
provide to the mortgage broker a little later.
8:37: But, in the event that you have capacity to hold on to your existing home and rent
that out, and upgrade to a new home, it doesn’t mean to say that every existing property
that’s, that’s owned as a principal place of Residents would qualify as a quality long-
term investment asset.
8:54: So, obviously, you need to consider where your existing home is located, what the
potential rent could be, and that’s going to involve engagement with property managers
to get an understanding of the potential rent through a rental appraisal.
9:09: You’d also need to know, does that location have strong growth fundamentals
over the long-term, because you’re wanting to hold assets that have strong capital
growth potential over a number of property cycles.
9:22: I, I think maintenance is another one.
9:23: I mean, coming from a building side of things, and you would have a fair idea, I
think if you’ve lived in a home for a, for a while, you’ll get an understanding of the general
day to day maintenance, things that pop up, how old are things, you know, your
appliances and all those types of things throughout a house, so.
9:37: You’ll have a fair idea of, you know, how is this property going to be.
9:41: Keeping in mind a tenant would not love it and take care of it as much as you do.
9:46: That’s because it’s your own place.
9:47: So you need to also take that in mind to say OK if somebody’s living in in my home,
which is gonna be an investment property, are they going to need more maintenance
and how’s that going to be because they’re probably not gonna maintain it like you are.
9:59: And you don’t want the headaches of obviously having to maintain the property all
the time.
10:03: That’s exactly right, and further on from that, you want to ensure that the
property does actually meet minimum rental standards as well, because otherwise
there’s going to be costs to you to upgrade the property, and you need to account for
those costs in the event that you are looking to use this as a strategy.
10:18: So, I think if you’re unsure about how to obtain that information, it’s really
advisable.
10:23: to partner with a qualified property investment advisor that can help you to
understand more about those things, so that it helps you to make an informed decision
as to whether selling your existing home to upgrade might be a more appropriate step to
take, as opposed to trying to retain the existing home.
10:42: Because, regardless of what tax benefits might come with that, we’re very much
focused on the fact That you should never actually focus on an investment strategy
purely for the tax benefits.
10:52: So it still needs to be a property that would be a good investment to hold long-
term.
10:58: Yeah, and I think on top of that as well, when we talk about the maintenance, the
repairs, the ongoing upkeep of the property, but also the, the pressure in the cash flow.
11:06: Now this is obviously you have to do your numbers on all of this as well to
understand what pressure that is going to.
11:12: Have on the household cash flow as well.
11:14: So, what rent you’ll come in, what you’re going to be paying out, you need to do
all the numbers on it to make sure it’s not gonna put too much pressure on the family.
11:21: Absolutely.
11:22: Now, of course, in the event that it ticks most of those boxes and you have the
capacity to retain the property as an investment property, in order for that property to be
negatively geared, You would still potentially need to have a mortgage remaining on the
property, so, that said, just because you have a mortgage on the property, it does not
automatically make it a negatively geared property, because the value of that mortgage,
as a comparison to the amount of rent that you will receive, will determine the, the
gearing position, as well as any additional costs and expenses associated with holding
the property as an investment property.
12:04: The other thing that is really important to consider is that the tax deductibility of
any debt retained on an existing home is always, Apportioned according to the original
intent of that particular loan.
12:20: So, over the years, for many people, perhaps they’ve taken some redraw, there’s
been perhaps a line of credit for personal use, perhaps there’s been an equity draw.
12:30: It’s absolutely essential that you get tax advice in terms of what portion of the
existing home loan may become tax deductible debt in the event that you convert the
existing home into.
12:44: To an investment property, and I cannot stress that enough because your
accountant will need to be working only with the tax deductible component of any
remaining loan on the existing property if you are looking to convert it to an investment
property.
12:58: Super important to get that advice from an accountant and somebody that
knows what they’re talking about as well.
13:04: Absolutely.
13:05: So in terms of, you know, upgrading, I think that it is important to speak with a
mortgage broker as a.
13:12: First step, because if you already own a home and you’re looking to upgrade into
a bigger home, perhaps you’re even looking to downsize into a smaller home, you really
need to understand what your borrowing capacity looks like as a very first step.
13:27: Now, if you do retain the home, the mortgage broker is going to want to see
evidence of what income that home would generate if it was converted to an investment
property.
13:38: So, you’ll also need to provide Your mortgage broker with relevant rental
appraisals of the home that you, you’re currently living in, in order to assess what the
income earning potential is on that particular property.
13:52: Before we keep going onto it a little bit, I, I, I’ll just throw a little bit of a cheat
sheet to people.
13:57: As we’re talking through this, and I, and I know we’ve talked about mortgage
brokers, we’ve talked about accountants, we’ve talked about property managers.
14:03: Just a quick list and if people are keeping notes at all, which some people do.
14:09: some of the people that you do wanna have on your team are probably an an
accountant.
14:13: So as we’re going through, you might wanna tick the boxes to say, well, I need to
talk to my accountant about this one.
14:17: A mortgage broker, a good mortgage broker that knows a little bit about strategy
is always a good thing.
14:23: a qualified property investment advisor is a good, that’s probably a good person
to have on your side of things to be able to help you understand what advice you need
on that side of things and also a good property manager.
14:33: Yeah.
14:33: These are the people that will be able to help you through what we’re talking
about as we start to talk.
14:38: I, I just jumped forward but I’m coming back a bit, but as we’re going through
these are some of the people that you’ll you’ll need in your team as we start to, to go
through this and if you’re interested in this type of thing so.
14:49: Obviously, you know, you, you’ve talked about then the availability of the, the,
the, the lending asset, etc.
14:55: rental income which you talked about with the property manager, and, and
seeking advice on the moving of the money and the finances between your debt.
15:02: And what I do want to touch on there just to, to dive deeper is even if you’re not
currently thinking about upgrading your home, it’s not on the radar perhaps in the next 6
to 12 months, but perhaps it’s on your radar.
15:14: The next 5 years.
15:16: A conversation now with your accountant is absolutely recommended.
15:24: Especially if you would consider retaining your existing home as an investment
property in the future.
15:32: Because the accountant may recommend a structure change to, perhaps the,
the way that the current mortgage is structured to Maintain the tax-deductible debt on
that property in the future, in the event that you’re converting it to an investment
property.
15:49: So, if you’re not understanding what I’m talking about, I absolutely encourage
you to seek advice, because this is the sort of information that can help you to reduce
your future tax liability, if you know that you’ve got your investment properties structured
in the most tax-effective.
16:07: way.
16:08: So, I encourage you, if you are a current homeowner, or you have a principal
place of residence right now here in Brisbane, or in fact, anywhere, and it’s not your
forever home, at some stage you are looking to upgrade, and there’s a potential that you
could retain your existing home in the future, and convert it to an investment property.
16:28: Seek advice over the structure of how that loan’s currently set up to ensure that
you have The ability to maximize tax deductions in the future if it was owned prior to
budget night.
16:39: I can tell you’re a financial property investment advisor giving out that planning
ahead.
16:44: I, I think that is, I mean what you said then is, is gold.
16:47: I think for people to don’t just react to what’s happening.
16:51: Plan ahead and, and actually have a plan for, as you just mentioned, 5 years’
time.
16:55: That’ll go pretty quick.
16:56: We’ve got an Olympic Games in 6 years, so that’s not very far away.
17:00: in Brisbane, but you know, planning ahead, thinking about that in advance
because by the time it comes around, which will come around pretty quick, it’ll be too
late.
17:09: So it could be too late I should say.
17:11: Whereas if you actually plan ahead and say look, we could do this in the future,
this is an option.
17:17: Doesn’t have to mean that you do it that way, things could change.
17:20: Tax could change, budgets could change, all those types of things, but if you’ve
got that box ticked and you go look this is a possibility, this is an option for us in the
future.
17:29: That’s great to have up your sleeve in case you want to go that way.
17:31: Yeah, I do want to touch on the capital gains tax considerations because we’ve
talked about the fact that properties owned prior to budget night will retain their
negative gearing benefit, but of course we know with all asset classes that the capital
gains tax changes will absolutely apply across the board from the 1st of July 2027.
17:51: Now, in relation to a principal place of residence that was owned prior to budget
night, perhaps you’ve owned it for the last 10 years, when you are living in your own
home, under the current legislation and subject to the advice you’re receiving from your
accountant, those gains are likely to be tax-free gains in the event that you sell.
18:11: In the event that you convert those properties into an investment property, or
convert your existing home into an investment property, providing you have an
independent valuation at the point of conversion or the date of conversion, and from the
point at which that property starts to generate income, that becomes your investment
period.
18:34: Say for example, you purchased a home for $500,000.
18:38: Let’s say 5 years ago, that home’s now worth $1.2 million.
18:44: The capital gain that you have made of $700,000 providing you have lived in that
property for those seven years as your principal place of residence, subject to advice
from your accountant, is likely to be tax-free gains, which you can lock in at the time of
conversion.
19:02: So you can see how powerful this strategy.
19:04: is for anyone with existing equity in their current home that may be looking to
upgrade and build out an investment portfolio at the same time.
19:13: The critical thing to do is ensure that you get an independent valuation at that
point of conversion.
19:19: What’s really interesting is that we’re actually currently working through this
exact scenario with a client who has partnered with us here at Streamline Property
Buyers, after assessing, Their portfolio, understanding their borrowing capacity, and
really breaking down what their goals are and what their future needs are.
19:39: They’ve decided to target upgrading their family home.
19:43: They’ve brought that forward as opposed to purchasing a separate investment
property right now.
19:48: And the reason for that is that Brisbane’s had such significant growth in the last 5
to 10 years, that they’re able to lock in, off the back of the advice they’ve received from
their accountant, the capital gains, which are tax-free capital gains in that whole time
that they’ve owned the property.
20:06: And so, from the point that that property will become income producing, they’ll
have locked in the capital gains.
20:12: Any gains from that point on through to any date in the future when they may
choose to sell, will be subject to the capital gains tax rules of the day at that point in
time.
20:24: So that’s the important distinction in relation to how capital gains tax may be.
20:28: Treated and of course we encourage you to get independent advice based on
your own circumstances, but that’s a high level overview of how that all plays out.
20:36: And I think if you bring it back to, I’ll bring it back to a lower level, how about that?
20:41: The amount of people that we talk to and that are out and about to say, oh, the
market’s gone up so much in Brisbane and, you know, and everyone, whether they talk
about it in a positive or a negative way.
20:52: You can make the most of that.
20:54: So what you’ve just talked about there, if you own your own home or you’ve got a
mortgage on it, for example, and you’ve got your own principal place of residence, you
can actually take advantage of that in a big way by actually doing the valuations and
actually having a look at what equity is in this property and how much is it actually worth
now as opposed to saying oh the market’s moved so much I can’t afford to buy an
investment property or I can’t afford this.
21:15: So there’s different ways to think about it, and I think taking advantage of what’s
happened in Brisbane over.
21:21: Last few years, I think there’s a lot of people out there that are probably in a really
good position and don’t actually realize it.
21:26: Absolutely.
21:27: And look, as I said earlier in this podcast episode, I don’t believe that every
existing principal place of residence is likely to be the right property to retain in the event
that people are looking to upgrade.
21:40: And again, I’d encourage people, if they are considering this, to seek
independent advice from a qualified property investment advisor to really assess their
individual property.
21:50: Circumstances, but when there’s genuine intent to upgrade the family home,
and the existing asset holds many of the fundamentals that would create a solid long-
term investment asset to hold, it certainly is something that should be investigated
before automatically assuming that you need to sell to upgrade.
22:12: And of course, it’s subject to all of those variables that we’ve already run through
earlier in this episode.
22:17: There, there’s a couple of things I guess that wouldn’t suit people.
22:20: That would, this would not be the right strategy.
22:22: We’ve got a couple of little examples, you know, is there, is there too much
equity tied up in a low performing property.
22:28: So if it’s not a high performing property in a great location, is there too much
equity held up in there?
22:33: Maintenance, which I touched on earlier, you know, if, if it’s going to require
substantial maintenance or capital expenditure to upgrade the property as well.
22:41: And location, you know, is it in the right location?
22:43: Is it going to attract tenants that really it’s desirable for the people who want to
live there as well.
22:49: So, just understanding the costs associated with holding that asset.
22:53: What income would it generate?
22:55: What would my outgoings be?
22:57: How much interest would I be paying on the tax-deductible portion of the loan?
23:02: And, you know, how much additional cash do I need to outlay to hold the asset.
23:06: These are absolutely all critical conversations or critical pieces of information
that need to take place in order to come to an informed decision about whether to
retain any existing home as an ongoing asset.
23:19: As part of an overall investment strategy.
23:21: Now I did touch on a little while ago when I talked about how Brisbane’s
performed over the last few years.
23:27: I, I guess what people out there will be thinking, you know, what opportunities
are in Brisbane at the moment, what’s happening in the current market, so that I can
understand, is this something I’d be interested in as well.
23:37: Absolutely.
23:38: Well, of course we all know the media are telling us through so many
sensationalized headlines that the market has changed significantly across the last
couple of, Month since the budget was handed down.
23:50: Of course, we’ve got the headwinds of the potential for further interest rate
increases.
23:54: We have still a situation where there’s a level of international uncertainty and
unrest.
24:00: We have rising inflation, cost of living pressures.
24:03: These are all real headwinds for the market here in Brisbane, and in fact, markets
all across the country.
24:10: Now, it’s likely that we’re going to see a softening in the market.
24:15: Certainly in some pockets, we’re already experiencing.
24:17: This on the ground.
24:18: Although, I would say that we’re in more normal market conditions where there’s
still a level of demand that is above normal for some quality properties.
24:30: Then there’s other properties where demand really has taken a hit, and there’s
some very good buying opportunities when there is a motivated vendor.
24:39: Now, we always talk about the fact that when properties transact, you have to
have agreement between a buyer and a seller on price.
24:46: What we have.
24:47: Been seeing, which we will address in our next market update, is that gap
between buyers and sellers appears to be widening, where buyers are expecting market
values to fall a lot faster than, than sellers perhaps are willing to meet the market.
25:02: So, transaction volumes are falling, and we’re seeing fewer properties actually
transact.
25:08: So those that are motivated, certainly willing to meet the market, and because of
that, it could be a great time to consider upgrading your family home.
25:15: If you’re not also selling in the Current market, it makes sense to buy when
there’s a level of uncertainty from other buyers.
25:22: I, I do think there are some opportunities out there.
25:24: Our, for our listeners, our team at Streamline Property Buyers, we go out on
weekends, so even if we’re not looking at a property for a client, if we’re not involved in
an auction, we will still attend opens, we’ll still attend auctions, and we’ll, we’ll go and,
and actually see what activity is actually happening out there.
25:41: So we get it real time, we see what’s happening on, on those busy Saturdays or
the, Some areas not as busy, some areas still very, very busy, so it’s a little bit
inconsistent is probably one of the ways we can approach it at the moment.
25:54: Some areas are more, a lot busier than others, but we’re seeing, we’re still seeing
some good activity and as you said, probably a little bit more normal market conditions
compared to the crazy market conditions we’ve experienced since COVID.
26:07: Absolutely.
26:08: And I guess that that brings opportunity with it, if you’re a willing buyer.
26:12: And you meet a seller that has genuine motivation to meet the market, we are
seeing some, some quality buying opportunities.
26:19: We always appraise properties for our clients to give a very independent and
objective assessment of value.
26:26: In the months prior to the budget, a lot of properties were transacting at the
upper end or even above where our objective assessment of value was sitting.
26:37: Right now, we’re seeing more properties transact at the lower end or even below
where that objective assessment of value sits.
26:44: So that tells us that the sentiment has definitely changed, buyer motivation has
changed, and where there’s a willingness from sellers to meet the market, we’re seeing
some genuinely good buying opportunities across the city.
26:57: At the same time, we’re seeing days on market extend out for those buyers.
27:02: That are not willing to meet sellers’ expectations or for those sellers that are not
willing to meet the level that the buyers are prepared to pay in the current environment
where confidence has certainly taken a dip.
27:13: We’re definitely not saying that there’s bargains out there.
27:17: Not seeing bargains as such, but seeing some better buying opportunities
compared to 3 or 4 months ago, and certainly some opportunities where you have the
capacity and the opportunity to negotiate with sellers, as opposed to most properties
transacting under multiple offer situations.
27:38: That said, we are, We are still seeing some properties transact with multiple
offers, so it’s very property specific and location specific, and that’s why having a very
thorough understanding of what’s happening in different pockets around the city for
different asset types is going to give you the best insights in terms of what’s happening
in the market that you’re looking to buy into, if that’s on your radar anytime soon.
28:01: Now, I just want to reiterate to everyone a reminder that, and before we do a
summary of this, some people to be involved in your decision making, your accountant
or registered tax advisor, mortgage broker, qualified property investment advisor,
property manager, good solicitor or conveyancer, they’re a good start to have those
people and form that team around you to help you make the right decisions.
28:25: few takeaways.
28:26: Yeah, look, I think don’t automatically assume that you, if you own a current
home that it’s going to, You know, be able to convert into a great investment.
28:34: Find out whether it ticks a lot of boxes for an A-grade investment property and
investigate further.
28:40: I would also seek advice, even if you know that the home that you’re living in right
now is not potentially going to be your forever home, seek advice now from your
accountant and mortgage broker around what you can do in the event that you may
retain that home in the future, and convert it to an investment property.
28:57: Now is the time to take action on that.
28:59: And I can’t stress that enough.
29:00: I, I think do a comparison on the, on the retain and upgrade option or the sell an
upgrade option.
29:07: That’s if you’re looking to do that sooner rather than later.
29:09: I definitely think that’s sound advice.
29:11: Assess the existing home objectively, look at it as an investment.
29:15: Also keep in mind those maintenance types of things as well.
29:18: Yeah, and look at the cash flow position if you are to convert that existing home
into an investment property, understand the cash flow position and the gearing position.
29:27: And obviously get advice or seek advice from your accountant over what that
means for you long-term as well.
29:33: And I think understand the, the cost side of it, the affordability, and don’t do it for
tax reasons.
29:40: I don’t think that’s not a good thing to do, not for the tax benefits.
29:44: And I think one big one which Melinda said was plan ahead.
29:47: Start planning.
29:47: If it’s something you’re considering, think about it.
29:50: It now, plant those seeds, water it later on and see what grows.
29:54: Yeah, I guess the, the big takeaway is don’t automatically assume you need to
sell.
29:58: Consider how retaining your existing home and converting it into an investment
could be something to explore, especially if you owned that family home prior to the
12th of May 2026.
30:10: Excellent.
30:10: Well, that’s a wrap.
30:11: Thank you very much for listening.
30:12: Great to be back in.
30:13: Beautiful brissy again.
30:14: Might be a bit chilly, but it’s great to be back in Brisbane.
30:16: Nice and sunny winter days we have up here.
30:19: I think it’s 25 degrees.
30:21: I call it chilly compared to what we’re used to now.
30:24: but yeah, great, great talking.
30:25: We’ll have market updates coming up, more podcasts as usual.
30:29: I’ll let Melinda wrap things up and close out from there.
30:32: Until next time, take care and bye for now.
30:34: We hope you have enjoyed this episode of the Brisbane.
30:36: Property Podcast.
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