NSW How much land do you own - do you know?

Discussion in 'Property Analysis' started by MWI, 25th Mar, 2019.

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  1. MWI

    MWI Well-Known Member

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    Some time ago one of my property mentors asked how much land I owned?
    I knew I was paying a far bit in land tax.... BUT still I found this question interesting as I did not know the answer to this until I looked up all my IPs and researched that.
    I keep a spreadsheet, I created my own, where I keep a record of many details about an IP but decided recently to add land in meters squared.
    I am wondering how many forum members know at this point in time, how much land they hold, or what it is valued?
    Do you know?
     
  2. kierank

    kierank Well-Known Member

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    From memory, 24,460m2
     
  3. MWI

    MWI Well-Known Member

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    Wow kierank, you knew! I didn't initially.
    I suppose you pay a lot of land tax, I pay a fair bit even with less land than you!
     
  4. kierank

    kierank Well-Known Member

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    Nah, it is not too bad as our largest block is exempt (PPOR).
     
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  5. MWI

    MWI Well-Known Member

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    I thought that after I wrote!
    I owned land in Kenthurst in NSW over two hectares so around 20,000 msq. Was suppose to be PPOR but later sold, had a huge land tax bill then to pay as owned other in NSW.
    Even with diversity in different states, unless one holds units and each different entity then one can delay, otherwise houses with land eventually keep increasing the land values, hence huge land tax bills, part of doing this property business I suppose.....?:)
    At least CG on paper, right?
     
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  6. SoroSoro

    SoroSoro Well-Known Member

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    I own approximately 300 sqm of Australia :D
     
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  7. MWI

    MWI Well-Known Member

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    So no land tax bill applies yet?