Hi all,
Im new to this game and finding myself unsure of the best investment option giving the NSW govt recent tax changes.
I have never invested before, but have saved enough $ for a deposit on an investment property. I was convinced that property was a better option than other investment options but with the new changes its hard to know.
Seems logical that there may be bargains to be had as ppl rush to sell their investment properties before the 2.25% kicks in, but those that dont will hang on to theirs?
Im wondering how much of the theories discussed in Jan Somers investment properties book still hold true. If I buy a median priced appartment as an investment property in Sydney - am I making the right decision? Should I look interstate? Should I consider managed funds?
Appreciate any suggestions.
Thankyou
Chris
Im new to this game and finding myself unsure of the best investment option giving the NSW govt recent tax changes.
I have never invested before, but have saved enough $ for a deposit on an investment property. I was convinced that property was a better option than other investment options but with the new changes its hard to know.
Seems logical that there may be bargains to be had as ppl rush to sell their investment properties before the 2.25% kicks in, but those that dont will hang on to theirs?
Im wondering how much of the theories discussed in Jan Somers investment properties book still hold true. If I buy a median priced appartment as an investment property in Sydney - am I making the right decision? Should I look interstate? Should I consider managed funds?
Appreciate any suggestions.
Thankyou
Chris