I have finally decided to buy 2 blocks on Russell Island. Can anyone tell me if it is better to buy the blocks in my name only or in my wifes name as well in order to pay the least capital gains tax when we sell. Any input would be appreciated.
Thanks

I have been looking around on Russell Island quite a bit since my last post. It seems that the average house rents for about $160 per week. Its not that high but considering the outlay I think its ok. And the weather and scenery here is amazing.

Thanks Guy’s for your negative comments. I have just had in interesting chat with the REIQ (Realestate Institute of Queensland), and I was told that the few particular blocks that went under water on high tide are marked out on public available maps. 95 percent of the blocks do not go under water. And as far as building goes there are half a dozen…[Read more]

I am thinking of buying land on Russell Island. I understand that you can build on the island.