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Someone on here would explain it better than me but my understanding is Sale Price - $800k Bought Price - 280k Capital Gain $520k Minus Costs eg Renovations, agent fees, solicitor fees, Stamp duty?? say $50k Capital Gain after Costs $470k Plus Depreciation claimed say 20k Capital Gain...

Great work Happy Camper. Either way you are a winner in my opinion. Why not put it up for sale at a price say $650k. If it sells great if it doesn't who cares. You'll then see if real estate agent is fair dinkum or not. Can you run me through the capital gain figure of 100k? Not understanding...