Results1 wrote:
More cons than pros in my opinion, however they do tend to be cheap and can be situated in good areas close to water.Finance and resale are difficult. What look like great returns can be eaten up by undisclosed outgoings, particularly in holiday let scenarios. If there is an extraordinary amount for sale in the same block, there…[Read more]

Thanks. So ultimately, one would still need to sell the property to realise the gains though right? So when they sell it, in the end they would still need to pay CGT ? or is there some loop hole or way around?Any good places or books about property tax in NSW/Australia?Thx in advance

Thanks for the reply, definately helps alot.Does anyone know if theres any particuliar suburbs to avoid in Sydney?Was looking mainly at the surrounding suburbs of the city .. eg Surry Hills, Ultimo, Darlinghurst. Thoughts?