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Gotcha - I got totally confused by the way you worded it

The sub $450k market is strong. I tend to buy in the same price bracket and it's tough. Yay Girra-Doola-Roo :)

That totally wasn't my understanding. My understanding was: 1. sell within 12mths, you pay 100% CGT (times by your tax rate) 2. sell after 12mths you pay 50% CGT (times by your tax rate)

Looks like the market in Alexander Heights is moving pretty quickly - everything under $400k is practically all Under Offer. Will be interesting to watch. But I can see that if you were working on $380k that it wouldn't suit your risk profile.

Is that true? that if you buy and flip within 12mths you don't have to pay CGT? I've never heard of that.