J.P.T.'s Page

Hey JPT, look on the bright side - at least you bought one. I missed out altogether...

Man, there are so many transaction costs from selling your current property and buying another later that it may not be worthwhile. Any way you can leverage off your property to get into shares?

Unfortunatley I am not allowed to give direct financial advice but I will give you some things to think about.

Rather than sell the house you could rent it out that way the mortgage and any other expenses are tax detuctable.

As far as I am aware, as long as you do nit declare another primary residence you will not incur caplital gains tax for up to six years.

If the property is in a good area and in good condition then maybe selling is not the best option as what you are indicating is that it is not the money you need just reducing your overheads.

Using the, then investment property, as equity you could then, at a later stage, take out a line of credit for share investment.

The greatest skill in building wealth is to e able to ride the storms.

Looking at your goals there are other ways to end up owning a house in 10 years than paying cash

I feel if you sell out now without doing the due diligence it will become another "could have" in your life.

Hope this helps