START HERE: Should We Sell an Investment Property to Keep Our Home? cover art

START HERE: Should We Sell an Investment Property to Keep Our Home?

START HERE: Should We Sell an Investment Property to Keep Our Home?

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With the rising cost of living placing pressure on households, many families are being forced to make incredibly difficult financial decisions. In this episode of Start Here, Canna responds to a listener who is considering selling an inherited investment property to relieve financial stress and stay afloat. This is a complex situation involving cashflow pressure, tax implications, lending structures, long-term wealth, and emotional considerations — particularly when the asset belongs to one partner. This episode unpacks the key things to understand before making a decision, and the conversations that need to happen to protect both short-term stability and long-term financial security. 🔑 KEY TOPICS COVERED The reality of cost of living pressure on Australian householdsWhen selling an asset can provide short-term financial reliefUnderstanding cashflow vs wealth buildingThe importance of seeking professional advice before sellingCapital gains tax implications on inherited propertyHow ownership history impacts tax obligationsWhy your lending structure and bank approval mattersThe risks of cross-collateralisationProtecting a partner’s financial independence and long-term wealthThe emotional weight of selling an inherited family assetThe importance of having a plan to replace lost assetsStrategies to rebuild wealth: Superannuation contributionsLong-term investingDebt recycling (under guidance) Exploring alternative options before sellingBalancing family goals vs financial sustainability ⚠️ IMPORTANT CONSIDERATIONS Selling an asset is often irreversibleTax obligations and selling expenses an significantly reduce net proceedsShort-term relief can create long-term financial gapsBoth partners must feel heard, respected, and protectedDecisions should be made with full financial clarity — not pressure 🧠 KEY LESSONS Cashflow problems require immediate attention, but not rushed decisionsAlways understand the true net outcome after tax and costsProtecting both partners’ financial futures is essentialWealth-building assets should not be sold without a clear replacement strategyFinancial decisions are rarely just about money — they involve values, emotions, and relationships ✅ NEXT STEPS Before making any decisions: Speak to an accountant→ Understand capital gains tax and net sale proceedsSpeak to your mortgage broker or lender→ Confirm loan structure and implications of sellingConsider speaking to a licensed financial planner→ Explore strategies to rebuild wealth and protect long-term goalsHave an open and honest conversation as a couple→ Align on short-term needs vs long-term vision 💬 QUOTABLE MOMENTS “Just because something solves a short-term problem doesn’t mean it’s the right long-term decision.”“Cashflow keeps you afloat — but assets build your future.”“The goal isn’t just to survive today, but to protect your tomorrow.”“Sometimes the hardest financial decisions aren’t about numbers — they’re about values and trade-offs.” 💡 Work With Me Want more support on your financial journey? Here’s how we can work together: The SugarMamma Budget & Cashflow AcademySick of living paycheque to paycheque or feeling overwhelmed by your money?This course includes aone-on-one appointment with me so I can personally help you.👉 Enrol here Money Mindset & Manifestation MentorshipJoin my program for ongoing support, clarity, and motivation around the way to show up and work on your financial goals and dreams, including attracting the life that you want. Get started here. 📚 My Books If you’re ready to deepen your financial knowledge, check out my books: Best Seller:The $1000 Project**Mindful Money](https://amzn.to/3RV0poc)Motivated Money by Peter Thornhill(a huge inspiration for me): Read it here (These are Amazon affiliate links to my own books.) 🌟 Stay Connected & Inspired Instagram:@SugarMammaTV — money, budgeting, cashflow & motivationInstagram:@CannaCampbellofficial — lifestyle, capsule wardrobe fashion, motherhoodSubstack Quiet Wealth: https://substack.com/@sugarmammaquietwealthKeynote speaking book via canna@sugarmamma.tvTikTok:@SugarMammaTVYouTube:SugarMammaTV — over 500 bite-sized videos with more than 12 million views!Website:SugarMammaTV.comDon’t forget my other podcast:How Do They Afford That? 👉 Listen here ⚖️ General Advice Warning While we discuss financial topics, everything shared here is general information only — never personal, product, or investment advice. Always: Do your own research.Weigh up the pros, cons, fees, caps, taxes, and risks.Seek professional advice before making financial decisions. 📜 Financial Planning License Details The information in this podcast does not take into account your personal circumstances, goals, or needs. Always read relevant Product Disclosure Statements before acquiring any financial product, and seek independent financial advice where appropriate. Canna Campbell is an ...
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