All else being equal, for someone looking to get an IP under their belt in the next couple of years. What are the arguments for ploughing as much salary as possible into savings vs. doing more PPOR renos and tapping into the additional equity that is created as a result?
I'm faced with the two options. Tax considerations? Finance considerations?
Side note: spare room is rented (may have tax implications?)
Saving a deposit: PPOR Renos (extract equity) Vs. Salary savings
I'm faced with the two options. Tax considerations? Finance considerations?
Side note: spare room is rented (may have tax implications?)
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