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  • Profile photo of smart_investorsmart_investor
    Member
    @smart_investor
    Join Date: 2010
    Post Count: 2
    August 26, 2010 - 1:20 am

    Tim,

    Yes you can still purchase property within Australia, and not be a permanent resident of Australia

    I deal with these types of issues daily, if you want to have a chat please dont hesitate to call me on 0405538613 or my free call number 1300 338 984

    Zac

    Profile photo of smart_investorsmart_investor
    Member
    @smart_investor
    Join Date: 2010
    Post Count: 2
    August 26, 2010 - 1:12 am

    Yes you will have to pay CGT if you sell it within 1 year…. better off to hold it for more than one year to 1/2 the cgt paid….i always recommend to hold than to sell.

    plus if you build the new house / rent it out…. after a year the house is more marketable as you have existing tenants (producing income) with the house.

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