AMA VICDOC_Spring 2026_09.09.2026 - Flipbook - Page 45
Renovation makes sense when the
Both paths carry real costs. Renovation
location and land fundamentals are strong,
means construction expenses plus potentially
but the dwelling itself is underperforming,
paying rent while work is done. Moving
either for how you live or as a growth
means selling fees, stamp duty and legal
asset. The key is to ensure the work adds
costs on both sides. The decision should
value rather than overcapitalising.
be based on where you'll end up financially
If renovation isn't the right path, apply
the investment lens to your next purchase
at the end of each path, not on which feels
easier in the moment.
with the same rigour. Prioritise land value,
scarcity and broad demand. Look for
a property that works for your lifestyle
and needs but also has the growth
Take home message
characteristics to build wealth over time.
The post-budget landscape has
shifted where the tax advantage
sits. With investment property
concessions reduced, the family
home's full CGT exemption carries
more relative weight than it used to.
'Homevesting' doesn't mean sacrificing
lifestyle for returns. It means being
deliberate about the decisions you
make with an asset that, for many, is
their most significant. Make sure the
fundamentals are working for you too.
Read more about homevesting
at the Wakelin website.
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