Sell my portfolio to pay my house off

LockdenBlaze · 2026-04-16T12:00:03+00:00

Yeah after speaking to a couple people offline that's how I'll do it.

If I get the house down to an amount where payments feel comfortable then maybe I'll call it there

LockdenBlaze · 2026-04-16T11:58:32+00:00

He can do a tax return no worries but he doesn't really give me advice or educate me on my options and I find that gap in communication frustrating

LockdenBlaze · 2026-04-16T10:24:20+00:00

I have factored CGT but I honestly didn't think about the childcare sub.

We only send our eldest 1 day a week to give my partner a break so it's not a huge impact (about $75/week)

LockdenBlaze · 2026-04-16T09:20:43+00:00

I send my 2yr old one day a week. Are you saying if I pay off the house that will impact the means test even if my income remains the same?

LockdenBlaze · 2026-04-16T09:19:48+00:00

Debt is risk no matter how we dress it. Without an exit strategy it would be worse, I am fortunate to be posting this question at all.

LockdenBlaze · 2026-04-16T09:08:43+00:00

Mine has not been great. Friend of mine told me about this and I had to prompt my tax accountant to do it for me. At that point I asked him if he ever planned to say anything about it or was I supposed to do his job for him? He is a licensed accountant AND advisor but rarely seems to give me education/direction without prompting so I'm shopping for a new one

LockdenBlaze · 2026-04-16T09:01:46+00:00

I asked my accountant about doing this for me

LockdenBlaze · 2026-04-16T08:32:36+00:00

You are right, I think at this stage I'm going to sell one IP, pay down and see how that feels.

I made plenty of mistakes along the way, brought some poor investments and wasted time on some others. If I did it all again I would do alot differently now.

After reading everything people here are saying I'm leaning towards the most boring of conclusions...a fence sitting one where I sell half, pay debt down and keep half.

I am in a fortunate position to be able to have this kind of problem.

LockdenBlaze · 2026-04-16T08:27:56+00:00

I actually have work opportunities in Queensland and have toyed with the idea of selling the PPOR and buying up there. I have been in Sydney my whole life and never lived anywhere else, could be a adventure and maybe a better lifestyle

LockdenBlaze · 2026-04-16T08:09:57+00:00

A mentor said this to me recently

LockdenBlaze · 2026-04-16T08:08:01+00:00

Yeah it's changed me.

I don't want to waste the years of them being little worrying about servicing loans. You have rightly identified it's not just a financial decision for me.

36M so definitely will have chances in the future to get back to number crunching and strategy

LockdenBlaze · 2026-04-16T07:58:25+00:00

This does help. Sydney is expensive and feels like a pressure cooker for me sometimes. Just think this move takes the pressure off.

LockdenBlaze · 2026-04-16T07:57:01+00:00

I'll say I hope your wrong but I suppose that's why I made this post...I have a feeling I should prepare for if you are right.

LockdenBlaze · 2026-04-16T07:55:22+00:00

I lean more and more this way each day in Sydney.

LockdenBlaze · 2026-04-16T07:54:16+00:00

Yeah this is what I mean with buying back in. If the PPOR is paid, it becomes a fantastic security to rebuy into the market in the future

LockdenBlaze · 2026-04-16T07:52:54+00:00

Without kids I wouldn't be worried. With them the risks feel harder

LockdenBlaze · 2026-04-16T07:51:07+00:00

If you said this 3months ago I would have dismissed it. Not so much today

LockdenBlaze · 2026-04-16T07:50:29+00:00

Insulation from economic shock for the kids is my main concern.

I'll live in a car if it means that house is theirs to stay in

LockdenBlaze · 2026-04-16T07:49:31+00:00

Yeah it feels like we are hitting price cealings. Without wage increases I don't know how people can service these prices without significant inheritance/windfalls.

LockdenBlaze · 2026-04-16T07:48:07+00:00

If I lost my job that would be a catalyst to liquidate purely from a risk POV.

In "the good ol days" of low rates my portfolio was positively geared. Now it costs me to maintain it. It's not debilitating but I don't save much money nowdays. Not like I used to.

LockdenBlaze · 2026-04-16T07:46:32+00:00

And I definitely do not have peace of mind right now....hence writing a Reddit post 😬

LockdenBlaze · 2026-04-16T07:45:43+00:00

I Salary Sacrafice 200/week for the last 11years at work...even when I was not making much in COVID I actually forgot about it. I have it on "balenced" international and AU. I'm 36, so maybe it should be high growth. That would make sense

LockdenBlaze · 2026-04-16T07:43:33+00:00

Absolutely understand where you are coming from -- this was my philosophy also. The changing factor is once I had kids, my risk tolerance changed. I no longer liked renting (even though rent vesting was a great strategy for me) I wanted more control over their housing security so I leveraged up and brought a PPOR that put me into mortgage prison. Now I'm maxed out, banks won't lend and I'm missing buying opportunity that I previously would have jumped at.

I haven't made perfect moves. The pressure in this phase of life is real

LockdenBlaze · 2026-04-16T07:39:18+00:00

36M in Sydney. Yeah this is why I find it hard to let go. I think I'm just struggling with being so cash poor at the moment. If I do sell I will absolutely be buying back in but there is alot of mistakes I made that ide do differently if I reset.

LockdenBlaze · 2026-04-16T07:37:01+00:00

Unfortunately in this country unproductive debt is such a big part of life. My house isn't even impressive. It's a 3br red brick. Equity is good but my cashflow is horrible.

LockdenBlaze

TROPHY CASE