Sell Your Investment Property to Pay Off Your Home? Watch the Tax Bill First

Should you sell your investment property to pay off your home loan? In this video we run real numbers on an investment property bought for $750,000 that has grown to $1.5 million. We work through selling costs, capital gains tax and the 50% CGT discount to show what you would actually be left with, and whether using it to clear your mortgage makes sense. The short version: it depends on your stage of life. Selling might suit someone heading into retirement who wants to be debt free. If you are still working and your debt is comfortable, keeping the property and giving it time to grow could leave you better off. Want to talk through your own situation? Book a free strategy session with Ace Property Team: [LINK] Chapters 0:00 Should you sell to pay off your home loan? 0:32 The example: $750k to $1.5M 0:56 Selling costs 1:16 How capital gains tax works 1:42 What you are left with 1:52 If you are close to retirement 2:05 If you are still working 2:52 When you need a lump sum 3:07 It is not one size fits all 3:20 Getting the right advice About Ace Property Team We help everyday Australians build wealth through property, from working out what you can afford to choosing the right strategy and property. Sydney based, helping clients Australia wide. Disclaimer: This content is general information only and is not financial, tax or legal advice. It does not consider your personal circumstances. Seek independent professional advice before making any investment decision. Figures are illustrative and simplified. #PropertyInvestment #CapitalGainsTax #AustralianProperty