..thanks for that…..

..so in terms of when you report the profit earned from the sale…lets say you settle the 1st July 2006, am I right in assuming the profit for personal tax purposes would fall in the 2006/2007 financial year – eben though the contract was written in march ?

thanks again
michelle

I held a property in Port Hedland for 8 years. During that time the price of the property and the rental income fluctuated wildly. In the mining towns its very ‘boom ‘bust’ and you must be able to ride out and big changes. I also had the problem that the banks still dont let you borrow against the full value like they will with city properties.

Yes we have spoken to the council and the various redevelopment authorities. Revitalisation was supposed to have started after they finished the tunnel but has been very slow and very lack lustre. On top of that there is an increasing P.R problem with the area due to crime, prostitution etc. We keep holdin on thinking things will cjange…but???