Regional Investments (Under$250) Pros v Cons?

Discussion in 'Where to Buy' started by PlatinumProperty, 4th May, 2020.

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  1. strongy1986

    strongy1986 Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,239
    Location:
    VIC
    if your goal.is flipping houses then it wont be treated as a capital gain
    just treated as regular taxable income
    for most the benefit of capital gains over regular income is the 50% discount you get if held for over 1 year
    In terms of regional or metro-.as a hands on 'investor' i would definately go regional as it is much easier to put a tangible value on the work you are doing
    In metro.areas its unlikely you will be able to buy something that you can turn a dollar on -particularly when you factor in the higher stamp duty costs and the fact you are competing with emotional first home.buyers for what is often the cheapest property in an area
     
    PlatinumProperty likes this.
  2. PlatinumProperty

    PlatinumProperty Active Member

    Joined:
    26th Apr, 2020
    Posts:
    41
    Location:
    Melbourne

    Yes, I have heard Ballarat is great for that!