Hi all, This is my first post here, would love to hear your thoughts on my situation please. We have a paid-off home in outer western Sydney, approximate value $730,000 base on realestate.com.au recent sales data. 5 bed 2 bath on 760sqm, R2 zoning. It's gone down in value approx $80,000-$100,000 in the last 2 years due to market movement. We moved out of this home approx 2 years ago into my mother-in-law's home (mother in law moved into a newly built granny flat). We pay insurance, rates, and maintenance on this property but we don't own it and we don't pay any rent. PPR is rented out at $570pw. Our net return on the PPR for the previous financial year was only $12,000 due to very high maintenance/repair costs. New hot water service, new garage doors and repairs to garage door controllers, multiple roof leaks due to storm damage, appliance service (new oven element), plumbing repairs (leaking shower taps) and a few other things. Maybe being rookie landlords we said yes to the tenants' requests more often than we needed to and spent too much money. We have new tenants now and hope the maintenance costs will be lower this year. Our reasons for keeping the property are: 1. To maintain a PPR so that we can stay in the Sydney real estate market (CGT free for 6 years) in case there are changes with the family situation and we can no longer live in MIL's house 2. To have income/cashflow to supplement the family budget. Would it be possible to sell this property and purchase another as a PPR? Or would we have to move into the new property for a time to be able to claim the CGT exemption? Is it even worth bothering trying to maintain the CGT exemption on a PPR or would we be financially better off to sell our PPR and purchase (perhaps multiple) investment properties? Thanks in advance for your suggestions!