Just interested how todays announcement will change your thoughts on holding/investing in NSW. I have a ppor in NSW and 2 ip’s and have been looking at regional QLD for a while for my next ip. What will you do differently because of the stamp duty decision? HG
what was the stamp duty decision?
“If You never never ask, you’ll never never know”
George,
Take a look at this topic:
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=9122For me I already looking at other state due to land tax. I never intent to buy more property in NSW.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]I have two states covered.
NSW is looking pretty murky too many too many’s for me.” a blind man may see what a sighted man may not”
ummm… folks- who says this decision won’t be replicated in other states?
Presumably this decision relates to properties that we already own. So even if we own an IP in Qld or tassie, a couple of years down the track, we could get the same tax anywhere.
But hg- I’ll still be buying- even in nsw if I wanna. I guess I’ll just be buying properties that I know will still stand up until I die
kay henry
The best way to invest in NSW property market is to buy & hold (never sale). Draw down the equity and live on it and as Kay said above “buying properties that I know will still stand up until I die
“.Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]I know one think – the rent I expect from my ip’s just went up, I always try to keep it on the “a little low and reasonable” side of the coin, maybe the time has come to look at it a bit harder. HG
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