Selling my NSW properties - but what about QLD's prospects?

Well versed in CGT....I have already about 70-90k in depreciation due to new builds. So some CGT impact but not as much as others due to this. But that means I also pay more income tax...on work income...okay with that. I have already sold 2 of the worst with 45% and 60% price growth.but over 12 and 9 years respectively.

Land tax is cost of doing business....in Qld I am paying about 9k...cost of doing business. But once this cycle there is over....I will down to about 3 places.

As I said...the financials are more important than the actual property.

Some people on here who bought in Sydney...had houses go from 700k to 1.6m during the boom...told them to sell...but they did not. Now they are face with price of the house worth about $1.3m.....and a massive bill..and CF of about $1200pw (with gF)...even thought would be doubt due to high supply.

Here are the number if they hold they have 600k in profit.

If they sold at the top of the boom they would have made 900k profit. But paid about 180k in taxes. ...that means they would have kept.....720k more than what their house net profit is now. People get too emotional with investments.

 

LOL @sash it's not all about you, you know. I know you know about CGT & Land Tax issues.

My post was meant for @Jmillar , not you.

 

With you isn't it all about moi??