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Yes land tax is not new to me and money isn't the problem. I just feel lately what ever you do to make a dollar big brother wants his cut.

I'm not crying, I'm whinging! :D

Hi Wylie, Yes I have a wife but I don't think that would make a difference as in vic land tax kicks in once land is valued over $250k. Unfortunately all mine are.

How the bloody hell do you only pay $500!? My portfolio is just under $2m.

Good point - I need to learn to expand a little and think outside the square.

Don't get me wrong I was expecting the bill and had the money saved for it. I was just thinking for along the lines of $5k than $7500K Funny thing is I have 2 properties that are 1 minute apart. same size block yet one is valued $8k more according to the SRO. My Father who lives 2 minutes...

Are you sure you want the added burden? :D

This is what I am asking myself, am I ahead of an average Joe with no interest in investing? Currently I would say no , perhaps ask me in another 5 years.

True, patience is the key. Just wish I can see a little reward.

All my properties are largish blocks (future development sites) which I guess doesn't help too. Perhaps start looking at units....

That's the thing - I've only been investing for 5 years and yet to experience a bloody boom or real growth. :rolleyes: All my properties are in good locations, 15km to CBD, walking distance to transport, etc. I think I have a while yet to experience growth with all these job losses and factories...

My problem is all my properties are in Victoria. Purchasing interstate isn't really for me. From my understanding purchasing inside a trust doesn't save on Land tax, and if it did the extra cost for the trust fees would just about balance things out.

I understand Datto but still need to find the money. Right now there is no real incentive to invest for the future. Let the government pay you a wage come pension time. It would be nice if they "looked after us" for not living off the government when we are older. Leave the stamp duty but...

Could someone tell me what the point is in investing in property? Just received my land tax bill today for $7500! I understand many of you would be paying triple this amount but it seems to me the Government does not want you to get ahead in life. They want us to be self managed retirees but...