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Nice analogy will keep that in mind

Thanks for that makes a lot of sense. I have got quite lucky with this purchase and market in Sydney had moved quite a bit since I purchased the block I am leaning towards keeping the property and withdrawing the equity to purchase another hopefully

Ah thank you for clearing that up for me terry

I thought you have to live in it for 12 months or something to be cgt? I am hoping to do this but I the sydney market is so hot already not too sure if I can see any more growth

So I am a first home buyer my property is currently being built at the moment. I am in NSW and got the fhog grant so the 15k and exemption of paying stamp duty. My question is I want to sell the property that I am building because I could make a substantial profit due to the rising prices in...