G'day all, I wasn't doing too good in getting help by posting this in another thread dealing with Land Tax, so figured I'd ask the question in a new thread. As one new to Land Tax, (and, yes, this IS a "self-inflicted wound" ), I am suddenly hit with a cost that was not evident over the last 5 years. And, from figures seen (recent OSR statements issued) I can be sure to pay three times more NEXT year. And even more for every year thereafter.... Yes, true, my Nett Worth has been the beneficiary of the boom, but this growth is "paper money"!! Yet I'm expected to pay Land Tax with REAL money. And THREE times more NEXT YEAR even if I buy no more IP's. That's an extra $10k per annum !!!!! (Wonder what my tenants would think of a $40/week rental increase???) OK, it's a cost of doing business - guess I'd better learn to live with it. Better not be TOO many 0.25% rises too quick though. How does the "starting out" buy-and-holder cope with these? And the "five year crunch" is around now too (for me, at least with my first purchases), so borrowing costs have gone, depreciation deductions are slowing, Land Tax hits, RBA are "tapping the brakes", oil is rising, rents aren't rising quickly enough...... (I've got around the issue of "reverting to P&I" by refinancing, so no "crunch" there....) What is the way forward? Is selling an IP the only way out? Could a cashbond do it? Hmmmm. Is this simply a "slow down, dangerous curves ahead" road sign? I'm also bemused by the fact that Land Tax is dated as of 30 Jun of any given year. Why not 1 July, as the Tax seems to be apportioned in the NEW Fiscal year (I'd been dreading getting the "bad news" for a while, but, in the end, it seems they are NOT looking to impose it retrospectively after all.... Thank heaven for THAT!!) And, yes, as a property investor, I probably have little to complain about - but a bit of help re HOW to overcome this would be welcome. Listening, Regards, PS Dunno - but I suddenly see how this bl**dy Land Tax can be such a HUGE impost for those that DON'T have income from their properties. Those whose only sin is to buy and hold their own PPOR (e.g. in Sydney coastal suburb) and who might've long since retired, and are now being pummelled with tens of thousands of Land Tax $$'s To be fair, I really can't see that those of higher years should be so challenged simply because 50 years ago they bought in a location that has risen in value. There HAS to be a better way for a Govt. to raise funds, surely.