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@jesuslover07 Yeh in that scenario it is a small drop. I think it's very optimistic expecting a V shaped recovery over a couple of years, but it is a possibility the same as a deeper extended downturn than these calculations suggest is also a possibility.

@jesuslover07 Good work mate, not sure if you saw it but Redom on Propertychat did some calculations which seem to be similar to what you got to https://www.propertychat.com.au/community/threads/sydney-melbourne-house-prices-will-changes-in-your-borrowing-capacity-drive-what-happens-next.67610/...

@mariannelr Yeh, that's how it works. There are still lots of reasons you could want to use this though. For example if you plan on staying in your current PPOR for a long time, are in the top tax bracket now and lots of the gains have come in the last couple of years which otherwise wouldn't...

@homeowner If you choose not to use the PPOR exemption on your new house during that time I think you can still use it. Terry Waugh posted on PC a couple of months ago on this. https://www.propertychat.com.au/community/threads/tax-tip-537-applying-the-6-year-rule-to-multiple-properties.73499/

@susanitamn At that time they lose the main residence exemption on the existing PPOR, if they build a new duplex then they only are exempt for the half they live in and it needs to have appreciated from the purchase price to have any CGT to be exempt from. Given they've paid off the PPOR, when...

@lochie You don't need to move out of your house or build duplexes to build wealth. If you want to buy property I'd just keep it simple, stay in your current home and buy good established properties. You should have a decent amount of borrowing capacity with your home paid off already and 150k...

@kodybricen Compounding is a hell of a drug. If you had 1.9m you'd have over 3m in 7 years if you were getting 7% on your money.

@resjudicata This man went from being a part time barista to solving the world's climate crisis, click here to find out how he did it

@morgan772 Well if it doesn't happen then pivot. If your point is that the future is hard to predict and forecasts could be wrong you'd also think that inflation could come down quicker than expected.

@karengodsgirlk2 No, I think you'll just whinge about the social contract being broken and prior generations causing climate change.

@jaceew79 What's the problem? RBA is forecasting inflation to be 3% by mid 2025, that's only a little over 2 years away. If inflation comes down into the 4's by the end of the year as they forecast then it will seem it's well on the way down and we just live with a bit of extra inflation for...

@jjddww All good mate.

@jjddww My point is that owner occupiers don't care about yields. Also yeh, maybe us property investors are behind the curve and are too dense to realise how shit our investment is 🤷‍♂️

@believer117 The difference is that in houses you have owner occupiers, but in stocks you just have investors. Yields are not weak because investors are going nuts bidding each other to the floor, it's because owner occupiers don't care about yield. If people can afford the price and demand...