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We see a lot of clients in their 30’s and 40’s wanting to upgrade their home.
For many, they may already own either an existing principal place of residence, or an investment property, and the question becomes… can they or should they look to keep this existing asset, when it comes time to purchasing the next property?
Much of our audience would be familiar with the property maxim ‘never sell’, however there are numerous situations where selling might make strategic sense, or in fact may be a requirement, in order to achieve the new/ primary objective.
In today’s show we discuss the key considerations in this scenario… typically around loan structuring, asset quality, longer term wealth objectives, and of course borrowing capacity.
There’s no one size fits all but hopefully listeners benefit by analysing their position in all the right ways and then ultimately making a more informed decision.
Enjoy the show!
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The Long Property Show provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Nothing in the Long Property Show constitutes legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
