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  1. P

    Not worth investing in property

    I have a block (with a motel on it) on NSW north coast valued by the OSR at $1.203M & land tax for 2014 is $12.761K p.a. :eek:; as I believe they have undervalued it substantially ( bit like a bank val. on a house compared to current market value) so I am staying schtum??(excuse that spelling if...
  2. P

    Not worth investing in property

    Hey Hodgie I share your pain, welcome to my world etc etc! But Alexlee is right I think you got out of bed the wrong side as you were probably paying Land Tax before this assessment??($7.5K); anyway next time you buy make it commercial or industrial & the tenant pays it all with the right lease...
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