Anyone selling?

Discussion in 'Investment Strategy' started by MTR, 15th Sep, 2015.

Join Australia's most dynamic and respected property investment community
Tags:
Page 9 of 10
  1. Zoolander

    Zoolander Well-Known Member

    Joined:
    15th Dec, 2016
    Posts:
    668
    Location:
    Sydney
    Looks like we're all buy and holders :p
     
    Zoolander, 20th Sep, 2017
    #161
  2. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    Perhaps??? However servicing debt just got a whole lot harder
     
    MTR, 20th Sep, 2017
    #162
  3. Piston_Broke

    Piston_Broke Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    4,140
    Location:
    Margaritaville
    Planning on selling a couple next year for cashflow & diversification.
     
    Piston_Broke, 20th Sep, 2017
    #163
  4. tomlemke

    tomlemke Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    950
    Location:
    Newcastle
    Just had my second home sale for the year go unconditional. 50k over what I was hoping, now time to renovate the new Ppor.
     
    tomlemke, 20th Sep, 2017
    #164
    Sky, MTR, ellejay and 1 other person like this.
  5. Archaon

    Archaon Well-Known Member

    Joined:
    20th Mar, 2017
    Posts:
    1,896
    Location:
    Newcastle
    My sale went Unconditional recently.

    Split the block and sold off the old portion for a tidy gain CGT free.
     
    Archaon, 21st Sep, 2017
    #165
    tomlemke, MTR and ellejay like this.
  6. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    Just finalised my sale of my Lizze property...no thinking what to sell next...
     
    sash, 22nd Sep, 2017
    #166
    Cactus likes this.
  7. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    Sold daveron park last week. Happy days, lemons are gone.
     
    Barny, 22nd Sep, 2017
    #167
    Biz, ellejay, DaveM and 3 others like this.
  8. Cactus

    Cactus Well-Known Member

    Joined:
    18th Jan, 2016
    Posts:
    1,445
    Location:
    Melbourne
    Just sold a pakenham H&L and settled a different pakenham H&L about a month ago.
     
    Cactus, 22nd Sep, 2017
    #168
    ellejay and Do Androids Dream like this.
  9. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    ill drink to that....lemonade?☺
     
    sash, 23rd Sep, 2017
    #169
    Gingin, Archaon and Barny like this.
  10. Toby

    Toby Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    144
    Location:
    Melbourne
    I assume you sub divided your ppor? I think you might find the block sale isn't cgt free, is that right @Terry_w ?
     
    Toby, 23rd Sep, 2017
    #170
  11. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,985
    Location:
    Australia wide
    It depends.
     
    Terry_w, 23rd Sep, 2017
    #171
  12. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,415
    Location:
    Gold Coast
    Selling our PPOR about this time next year when Brisbane is in full BOOM.
     
    kierank, 23rd Sep, 2017
    #172
    Archaon likes this.
  13. Archaon

    Archaon Well-Known Member

    Joined:
    20th Mar, 2017
    Posts:
    1,896
    Location:
    Newcastle
    Main residence exemption on the Fhb old house I bought, split to build new PPOR, sold so there was no overlap of main residence.
     
    Archaon, 23rd Sep, 2017
    #173
    Toby likes this.
  14. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    How good does it feel when you sell that lemon that has been giving you nothing but trouble for years and years. :D

    I sold mine last year and now one year later the new owner already has it on the market again lol.
     
    Biz, 23rd Sep, 2017
    #174
    Archaon and Barny like this.
  15. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    Ho
    how lemon is it?
     
    larrylarry, 23rd Sep, 2017
    #175
  16. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    Zero growth in 13 years (Bought at top of last cycle and paid too much. Noob) . Constant repairs, rotting wooden house with a constant stream of bogan tenants. Beat that!
     
    Biz, 23rd Sep, 2017
    #176
  17. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    Good you got rid of it.
     
    larrylarry, 23rd Sep, 2017
    #177
  18. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    Yep! Ploughed the $$$ into a nice ppor upgrade.
     
    Biz, 23rd Sep, 2017
    #178
    Gockie and Barny like this.
  19. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    It's a great feeling, sold 2 in the last 3 months. No more phone calls from agents or emails asking you to fix this, fix that, tenants left, damaged this, stole that. Even though I made a tiny profit it wasn't worth it.
     
    Barny, 23rd Sep, 2017
    #179
    Scaphella likes this.
  20. Archaon

    Archaon Well-Known Member

    Joined:
    20th Mar, 2017
    Posts:
    1,896
    Location:
    Newcastle
    Better than crystallizing a loss at least.
     
    Archaon, 23rd Sep, 2017
    #180
Page 9 of 10