Thats not how the tax man explain it to me :> I was in SHOCK!

You have made it very clear and thank you so much for your help!

Originally posted by ugez009:
Australia will soon be a donught after Rio and BHP drill the centre out, once its all gone or chinese people have enough cities Perth will be a ghost town, like Seattle in the 80s.

The only nearly world class city in Australia is Sydney, prices in the center of the city are still low compared to real world class…[Read more]

Originally posted by gmh454:
Originally posted by queengucci:
From what ive been reading Sydney in some aspects has ALREADY crashed.

Am I right in saying that prices have been falling for the past 7 years?

And investors paid DOUBLE for a property that they can now only sell for half the price?

I think you might be wrong on all accounts.

Think…[Read more]

Thanks Mark!

I will sell the ones taking money from my pocket and keep the others.

From what ive been reading Sydney in some aspects has ALREADY crashed.

Am I right in saying that prices have been falling for the past 7 years?

And investors paid DOUBLE for a property that they can now only sell for half the price?

Thanks for your reply!

I guess im wondering.. many people, buy and hold and never sell.

But I just believe in this market when $150k has been made in 5 months that it would be crazy to not cash in.

Also, the properties I have are negative geared so its taking money out of my pocket.

I would rather sell and buy elsewhere???????

Can anyone else…[Read more]