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This is still in place for PPOR. Does not apply for investment properties AFAIK.
by dwightgunning 5y ago
This is still in place for PPOR. Does not apply for investment properties AFAIK.
- hvdijk 5y agoThere are a few other cases where it applies as well, but you're right that it doesn't apply to investment properties. Also, it's no longer always a full write off, it's a write off at a capped rate. Those with low incomes have a full write off, those with high incomes see a more limited effect.
- varjag 5y agoSince most people would like themselves a PPOR that still has the effect of heating up the market.
- the-dude 5y agoNote to self : PPOR means 'Principal Place of Residence' here.