He already had a PPOR (bought in the lull of covid in 2020). So now has 2 x properties one of which is owned outright.
May not be the best tax wise but he's rented out the property he's inherited as it's 4 hours north of Sydney. So he is very much setup for life now. Just needs to keep plugging away at paying off his PPOR. He could easily buy another property as an investment and use the rental income from both to pay it off.
Not saying he's ready to retire now but so long as he's sensible he doesn't need to take on any risks and a certain quality of life is now guaranteed.
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