What is principal place of residence / PPOR Australia?

Principal place of residence (PPOR)

A Principal Place of Residence (PPOR) is a term used to describe when someone resides/lives in a property as their home. In simple terms: it is the home you primarily live in.

A property is considered your PPOR if it is the primary residence of its owners and is occupied on an ongoing basis.

PPOR can have implications for First Home Owners Grants (FHOG) and other property concessions.

Taxation and PPOR

In Australia, your PPR / Primary Place of Residence is exempt from Capital Gains Tax (CGT).

For a CGT exemption, the property needs to be lived in by your family for the duration of ownership and not used to generate business or other income.

Additionally, the 'six-year rule' enables investors to potentially avoid or reduce CGT provided they meet certain criteria.

Read more

• How property investors can reduce capital gains tax (CGT)
• First home buyers grant eligibility