Reply: 4.1.2.1.1.2
From: Manny B
Hi Natasha,
you are right, the proportion of land allocated to units/flats/apartments is far less than houses, therefore the land value would therefore be less, attracting less tax (assuming you are over the threshold, I can't remember the threshold here in Vic off the top of my head, I think its over low $100,000s)...
I agree with the above posts, both houses & flats/units/apartments have their pro's & cons, so a balance in your portfolio wouldn't hurt (balance would vary based on whether you buy & hold over long term, your taxable income & also whether you will rely on the cashflow generated from rent to survive)...
Cheers,
MannyB.