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is darwin a good choice for buying property?
whats the rental returns like?
FWIW I have chosen to invest in an unfashionable part of bayside Melbourne where I have 9 houses on larger blocks that can someday be redeveloped.
Chelsea? Edithvale?
FWIW I have chosen to invest in an unfashionable part of bayside Melbourne where I have 9 houses on larger blocks that can someday be redeveloped.
Hello Friends
Last week I completed a 4 bed house in new suburb Muirhead. I received lot of interest on the property from sales agents, and the range they are talking is exactly the same I would sell it after 1 year. I am happy that already I got CG what I expected after 1 year but on the other side I have to think about Tax on full CG because it is sold before 1 year hold time.
Recently I burnt my fingers with my other investment property in Gladstone. I bought it for 530K, last year it was asked for 540K, now I want to sell because I need money but the market rate is 490K!
I understand that Darwin market is more controlled than Gladstone but still I am not very confident.
Any suggestion? Is it good to hold or sell it without worry about additional tax? I am talking about roughly another 35K on tax.
Any thoughts on this !
I'd hazard a guess that you own a 4 bedroom house in one of the newer areas in Gladstone?
Vantage looked like a reasonable estate on paper but unfortunately it seems to have been dominated by investors compared to some of the other estates QUOTE]
Which estate is doing good in Gladstone now !