u/wunch_of_bankers

Bit of a long one, appreciate anyone who gets to the end...

28M, $260k base ex. super + $70k bonus last year (good year, not always this high) & 28F, $140k base ex. super + $10k bonus. Getting married soon, kids probably in the next few years.

In 2023 we bought our current PPOR in Sydney north shore for $1.5M — freestanding 3 bedder on 780sqm, great street and area but likely not a forever home.

Mortgage balance ~$1.1M, $280k in offset, last val came back at $1.75

Circa $300k in equities (80% US & global / 20% Aus), $40k in ETH and crypto shitcoins. I have circa $120k in super. Missus maybe only $60k.

Originally the plan was to sell the PPOR and upgrade. Budget night pretty much killed that idea for us, since we’d lose the negative gearing grandfathering on our current place if we sell, and with our income we’re paying a fuckton of tax with 0 tax concessions.

So we’re thinking; use my good bonus year while it counts for debt servicing… I can borrow an additional $2M–$2.5M depending on the lender, buy a newer PPOR in a more desirable area, and convert the current place to an IP (fully rented out, full debt deductibility on the $1.1M).

With the equity in my current place I can probably fund the new purchase without touching the share portfolio, which I’d rather hold.

In summary…
$2–2.5M new home loan )not deductible)
$1.1M INV loan (fully deductible)
$300k equities untouched, hopefully leave offset untouched if possible.
Two incomes, but family planning in the next couple years.

Is ~$3.1–3.6M total debt too much concentration in Sydney property? I’d have two houses relatively close by geographically, and also unsure whether budget night will cause the demand / price of existing dwellings to also reduce.

Not sure Whether I’m just rationalising a big move because the borrowing capacity is there right now..

Would genuinely appreciate a sense check. Happy to be told it’s too much

Tonight's Budget announced that negative gearing will be limited to new builds from 1 July 2027, but with grandfathering for all properties "HELD before Budget night" (12 May 2026).

My situation: I bought my house ~5years ago. I rented it out for the first 4 years (and negatively geared it during that time). For the last 1 year I've been living in it as my primary residence — so I'm not currently negatively gearing it.

My question is: if I move out and rent it again after 1 July 2027, will I still have access to full negative gearing under the grandfathering rules?

How do these changes affect existing PPOR owners who have held their properties BEFORE 12 May 2026, however are yet to rent out their properties? I am assuming there would be thousands of people who purchased their houses with the view of renting it out in the future due to life changes etc.

Tonight's Budget announced that negative gearing will be limited to new builds from 1 July 2027, but with grandfathering for all properties "HELD before Budget night" (12 May 2026).

My situation: I bought my house ~5years ago. I rented it out for the first 4 years (and negatively geared it during that time). For the last 1 year, I've been living in it as my primary residence — so I'm not currently negatively gearing it.

My question is: if I move out and rent it again after 1 July 2027, will I still have access to full negative gearing under the grandfathering rules?

How do these changes affect existing PPOR owners who have held their properties BEFORE 12 May 2026, however are yet to rent out their properties? I am assuming there would be thousands of people who purchased their houses with the view of renting it out in the future due to life changes etc.