What's your PPOR journey look like?

1st PPOR - year purchased, location, price paid, sold price/year.
2nd PPOR - year purchased, location, price paid, sold price/year.
Repeat, repeat....
Current PPOR val if you want to reveal.
Go !

 

First PPoR purchased in 1985 - $77k Sold for $93k in 1990.
Second purchased in 1992 - vacant land for $60k, built house on for $180k. Sold in 1998 for $365k
Third PPoR purchased in 1998 for $450k. Sold in 2000 for $750k
Fourth PPoR purchased in 2000 for $305K Sold in 2010 for $850k
Fifth PPoR purchased in 2005 for $300k (vacant land), started build house on it in 2009 for $900k (completed in 2011). Sold in 2015 for $1.45m (forced sell due to economic hardhsip).
Sixth PPoR purchased in 2015 for $660k (knock-over with a tenant currently in it). Will hopefully be building new dwelling on site mid-next year for approx $350k...$400k all up with house removal, pool etc.

Note; none of these places were bought with any sort of investor mindset for future cap growth etc, and were not sold for any economic benefit mindset - totally emotional based purchases and sales based on circumstances of the day....

 

1st PPOR 2/1 townhouse in Werrington - bought in 2012 for $234k, recent bank Val $420k
2nd PPOR 4/2 house in Wentworth Falls - bought in 2015 for $520k, recent sales indicate current value around 700k and once I'm done landscaping and renos it should be nearing 800k.

 

2011 - 510k guessing market rate would be about 1M today but easily high 900s.

Not bad for 6 years and not being Sydney

 

Current PPOR Merrylands. Paid 377K from deceased estate @ 7 years ago. Renovated and added granny flat. Now valued at @ 1.1 - 1.2 Million. No debt. Will be retained and will be rented out @ $700-800 per week. (house + granny flat)
New PPOR West Pennant Hills . Just purchased @2.2 Million (listed at 2.4 - 2.6 Million but I did a deal by agreeing to settle in 28 days) Will settle in @ 2 weeks. 1.72 Million loan but will be fully offset, so zero repayments.

 

First PPOR Macquarie Fields 185 k, 2005, IP worth about 450k now
2nd PPOR Cabramatta 570k, 2015 worth about 700k now.

Two weeks before buying cabra i dislocated my shoulder at the beach, told may not be able to return to my workplace (quite physical job ) .
I was a bit depressed and in alot of pain. Thanks to Pink Boy ( who had apparently had 100 similar injuries ) and a couple of others ( broker Peter Tersteeg) we bit the bullet and did it.

 

first ppor Reynella SA 2007, paid $260,000, sold 2016 $278,000 (with no backyard

second ppor I'm not sure if it counts but we sub-divided off the back yard of the first house and built a new place which we lived in for just over a year, built 2015, $139,000 + subdiv costs, sold late 2016 $340,000

third, current and final as far as we are concerned Aldinga SA, 2016, $550,000

we plan to do a KDR on the current place but dont see us moving again for quite a while

 

First and only PPOR Girraween, NSW bought in 2011 for 480k

 

1st PPOR - 2 bedroom unit, East St Kilda, purchased in 1979 for $26,000, sold in 1981 for $39,000. That is, 23% year-on-year growth. Value now: $650,000 or 8.5% year-on-year growth from 1979.

2nd PPOR - 3 bedroom house, Mansfield Qld, purchased in 1981 for $54,000, sold in 1988 for $92,000. That is 8% year-on-year growth. Value now: $655,000. That is 7% year-on-year growth from 1981.

Current PPOR - 4 bedroom house, Brisbane, purchased in 1988 for $205,000, KDR in 2010. Value now: Priceless (according to the wife).

 

1st PPOR - 4 bedroom house Glenhaven NSW, bought in 2011 for 650k, current value around 1.3 million (being pretty conservative)
2nd PPOR - 3 bedroom house Hadfield VIC, bought in 2014 for 430k , current value around 700K (based on comparables)

Still tossing around selling the Hadfield property to be mortgage free on Sydney and to be ready for any correction to buy more or keep it, deleverage and then use equity to invest more...

 

1st PPOR (Current dwelling), Northmead, NSW. Purchase 2009 $459,000 Suggested sell price yesterday $850,000+
2nd PPOR (Moving in in Dec this year), Mermaid Waters, QLD. Purchase 2016 $884,000 current value ~$950,000

 

current PPOR bought for 149k council guesstimates its worth 200k, but i don't plan on ever selling.

 

1st PPOR, Clarkson WA purchased for $197k in 2004 (aged 21) with FHOG, then rented it out (after living there a while). End up selling in 2008 for $370K

2nd PPOR, Forrestfield WA built for $335k in 2013, valued by bank at $425K. Currently a rental at $400 per week.

3rd PPOR (current), beach side suburb in Adelaide, purchased for $550k in 2016, prob work $600k now after some comparable sales have just occurred in the street. May hit 7 figures after renovation.

 

1st PPOR, Hurstville, NSW Purchased $265,000 (2000) Sold $360,000 (2002)
2nd PPOR (now an IP), Kingsgrove, NSW Purchased $390,000 (2000) Spent around $500,000 in renovation (2009) Current value $1.9 M
3rd PPOR, Lugarno, NSW Purchased $870000 (2003) Sold $1.2 M (2017)
4th PPOR (Current dwelling) Purchased $3.4 M (2013) Spent around $600000 in renovation, Current value around $5.5M

 

1st PPOR, Karrinyup WA $400k (2002) this was the total for buying land and building house. Still living here, current value somewhere in the $900s
2nd PPOR, Swan Valley WA, bought 2014 new house under construction on 10 acres, will move there this year. Current value "lifestyle"

 

1st PPOR - bought in Mt Richon WA for $170k in 2003, sold in 2006 for $380k. Lived in it briefly and then rented it out.
Built second PPOR in Tassie in 2007, cost $550k, never lived in it and sold it 2 yrs later for $499k. Dream home, still sad about this one but current home makes up for it a bit.
Built third PPOR in Kelmscott Hills in 2015, never lived in it, currently rented out.
Lived in an IP for 2 yrs (bought it 2014, moved in 2015) and reno'd it, but not really PPOR as owned by trust. Bought for $512k, valued around $590 or so now. Rented out currently.
Bought current PPOR in January, for $670k - would probably sell for more at auction due to quirky/unique factor. But's it's a shack with floors so uneven you can trip on them, so who knows?! We LOVE it.

We lived in the country for years so kept building homes to move back too, and then changed our minds!

 

1st and only ppor $412000 in 2011. $200000 spent on building works. Once completed I would hope for a value approx one million.

 

That's a really good progression since the first PPOR.
Some big spends on reno's in there, especially the 2nd PPOR.
Lugarno must have been at the peak of the last Sydney boom given the low growth in 14 years.
Also, were the 2nd, 3rd and 4th properties all IP's at some stage as they were all bought prior to selling the previous PPOR's

Which approximate area is your current PPOR ?

 

A Sydney story


Sydney LNS 1993 $265K Sold 2001 $815K
Sydney LNS 2001 $1,100K Hold $3,000K est
Sydney Ryde LGA 2007 $675K Hold $2,000K est

North Ryde was a "backup PPOR" - with the plan of taking some tax free capital gains. Family have now "gone native" and won't move.

Have spent $150K+ in renovations at each place (as well as at at least 2 others IPs) - still have not mastered the cheap Reno.

 

2008 Sydney (Botany) 2BR $460k sold 2011 $601k
2011 Sydney (S.Shire) 4BR $980k sold 2014 $1310k
2014 Sydney (S.Shire) 4BR $1520k current c. $2100k