just wondering dumper....you are selling...your principal residence or is it an investment property......and the next most obvious question is why if your daughter is a first home buyer....take on such a big project, now of all times ? and look I know of someone about to lose their job....had one house with half on mortgage about 400,000....???? someone convinced the parents to sell their principal resi of over 40 years....then this person decided they wanted a bigger better house...paid over 750,000....got the parents to put all their money into it....and took out a loan for the balance....about 350,000... rented out the first house... earns only 75.000 pa before tax parents now live in their old factory....which was up for sale....in awful conditions...they basically have nothing... and the child has mortgages of 550,000....the new house would probably not be worth 750,000 today.... cynical ...to me..like grabbing the oldies money before they are dead I would just be careful in this terrible environment
