Meet the millenial selling her home to achieve financial freedom

The property tax overhaul has shifted the goalposts for investors seeking to build wealth through property, and it’s prompted one homeowner to make a radical change.New rules replacing the 50% capital gains tax discount with inflation indexation and abolishing negative gearing for established dwellings have caused some investors to shift focus to parts of the market favoured by the new changes, such as high-yield and new properties.But for others, such as millennial homeowner Lyndall Murray, it’s prompted a rewrite of long-held plans to achieve financial freedom. Ms Murray, who’s in her 40s, is selling the Evans Head property she purchased for $457,000 in 2017.She bought the home 70 kilometres south of Byron Bay with the aim of borrowing conservatively, paying down the loan faster, and renovating over time. “The plan was to build equity in this home, then use it to buy one or two investment properties, taking advantage of negative gearing to help build wealth before retirement,” she said.Millenial homeowner Lyndall Murray is selling her home to invest overseas instead. Picture: SuppliedThe small business owner has operations in both Australia and Lombok in Indonesia.“The house isn'...