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I pay the CGT :eek:. It is in addition to JOB, so even after tax, still not a bad side income.

No you are missing my point, I don't want the money tied up in this deal for 1 year (I have other long term holds for that), I can turn it over again and again in that time. I also don't want to be moving three or four times a year :eek:.

I have found it is about the mix. Sure when you sell you lose future capital gains, but it does provide nice cash flow to support holding costs of other property (and a small amount of cream for lifestyle :D). I look back on some that I have sold say 5 years ago that have more than doubled...

If you sell after settlement, and make $30,000 after all costs, then you have to pay CGT on the $30,000 at your marginal rate (unless you have other deductions to off-set it)