Why sell when purchase price doubled?

Discussion in 'Investment Strategy' started by Veech, 5th Aug, 2017.

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  1. xzqb0103

    xzqb0103 Member

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    With REITs do u mean u buy share like westfield dexus etc?
     
    xzqb0103, 12th Aug, 2017
    #21
  2. The Y-man

    The Y-man Moderator Staff Member

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    As well as unlisted ones.

    The Y-man
     
    The Y-man, 13th Aug, 2017
    #22
  3. MTR

    MTR Well-Known Member

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    WHY SELL WHEN THE PURCHASE PRICE HAS DOUBLED......
    Cos you can, and its nice to get a big pay cheque:)
     
    MTR, 13th Aug, 2017
    #23
  4. Casteller

    Casteller Well-Known Member

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    I sold my first property in Sydney when the price had doubled twice (so quadrupled).

    Main motivating factors were:
    * Poor net yield (1%)
    * Land tax
    * Loss of capital gains tax discount post 2012

    Cash flow improved about 15k pa after sale, but I did miss out on some more capital gain.
     
    Casteller, 13th Aug, 2017
    #24
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