Seems like Sydney is still setting records. The neighbours of my parents IP smashed the townhouse’s complex’s record by $150k at auction yesterday selling for $1.45m for the same exact townhouse but better renovated inside. Couldn’t fathom the amount they got for it and now thinking my parents should sell end of this year or maybe end of next…[Read more]

What exact costs do the commercial tenants pay for? i.e. strata, council and water etc?

They purchased in early 1999 and moved out at the end of 2013. So it has been an IP for about 3 years now. Do you think generally the indexation method works out to less CGT then the 50% CGT discount?

Also I think the RBA will cut rate 2 more times next year which will keep the property market still quite warm in Sydney at least.

Thanks everyone for all your answers and I definitely will pass this info onto my parents. I had a bit of a read and their previous PPOR is also eligible for the ‘indexation method’ of calculating the CGT as it was purchased pre September 1999.

I guess their accountant can workout what will work better for them once they sell. Now onto working…[Read more]

Thanks everyone for all your answers and I definitely will pass this info onto my parents. I had a bit or a read and their previous PPOR is also eligible for the indexation method of calculating the CGT as it was purchased pre September 1999.

I guess their accountant can workout what will work better for them once they sell. Now onto working out…[Read more]