Yes. From the link I provided under "Eligibility"
"The property must have:
- been your main residence first – you can't apply the main residence exemption to a period before a property first becomes your main residence (for example, if you rented out your home before you lived in it)"
If a "dwelling that was your main residence ceases to be your main residence you may choose to continue to treat it as your main residence."
As explained in section 118.145 of the Income Tax Assessment Act 1997. You can do a search.
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