80K In, 150K Out: The Tax Free Renovation Play for Perth Property Owners

Spend 80K renovating your own home, add 150K in value, and that 70 grand gain is completely tax free. Do the same renovation on an investment property after July 2027 and it gets taxed. In this episode, Michael sits down to break down why the budget left the family home as the only major asset in Australia where you keep 100% of the capital growth, tax free.🔔 Subscribe and leave a comment with your questions, we build episodes around what YOU want to know.General advice only and not personal advice. CRN 485467---------------------------------In this episode:Why investment property and shares just got more heavily taxed from July 2027The main residence exemption and why it was left completely untouchedThe maths behind renovating your own home for tax free capital growthThe upgrade ladder: rolling tax free gains into your next home, again and againWhy the rentvestor strategy is being reversed by younger buyersUsing your offset account for a guaranteed, tax free returnThe honest counterpoint: concentration risk and liquidity concernsWhy this isn't a one size fits all strategyThe four key takeaways every homeowner should know before acting---------------------------------Subscribe:https://www.youtube.com/@ThatBackyardPropertyPodcastInstagram: https://www.instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==Website: https://tuskfinance.com.auConnect with Michael:Facebook: https://www.facebook.com/tuskfinancemkInstagram: https://www.instagram.com/mortgageswmichaelLinkedIn: https://www.linkedin.com/in/michaelkillinerTikTok: https://www.tiktok.com/@backyardpropertypodcastTusk Finance: [email protected]:(00:00) Why this budget episode is so topical(00:25) The rules just changed for investment property and shares(02:52) The one asset the budget left untouched(03:35) Move 1: renovating your home tax free(04:24) Move 2: the upgrade ladder(05:09) Move 3: the rentvestor reversal(05:39) Move 4: the offset account guaranteed return(06:19) The honest counterpoint: risk and liquidity(07:24) Four key takeaways(09:25) The bottom lineProduced by Podwave Studios: https://www.podwavestudios.au#PerthProperty #PerthRealEstate #PropertyMarket #BuyersAgent #PerthPropertyMarket #RealEstateAustralia #PropertyInvesting #HomeBuying #FirstHomeBuyer #SubjectToSale #BridgingFinance #PropertyTips #AustralianProperty #PerthHomes #OwnerOccupier #PropertyAdvice #RealEstateTips #HomeLoans #TuskFinance #BackyardPropertyPod