Land tax and IP's

[MelbInvester]

Hi all,

I have 4 IP's and paying 6K land tax. if i buy my 5th IP i have to pay around 10K in VIC.

I can barrow 700K, So would you recommend to buy a IP in Vic or QLD ?

or

Unit developments in one of the property in bendigo,Vic?

MI

 

[Terry_w]

Hi all,

I have 4 IP's and paying 6K land tax. if i buy my 5th IP i have to pay around 10K in VIC.

I can barrow 700K, So would you recommend to buy a IP in Vic or QLD ?

or

Unit developments in one of the property in bendigo,Vic?

MI

Will QLD make you more money than QLD after expenses?

 

[Paul@PFI]

Hi all,

I have 4 IP's and paying 6K land tax. if i buy my 5th IP i have to pay around 10K in VIC.

I can barrow 700K, So would you recommend to buy a IP in Vic or QLD ?

or

Unit developments in one of the property in bendigo,Vic?

MI

Each state allows owners to access separate thresholds. To minimise land tax some investors do mix properties between states. However you need to address whether the QLD property will match the performance of Vic even after paying land tax. A financial decision.

 

[Scott No Mates]

Is that Bendigo property a unit development site? Will the return on developing the site be better than buying elsewhere/interstate?

How will the development be financed? Will you need presales or are you going to hold?

 

[MelbInvester]

Hi Scott,

Bendigo is 1200 SQM property and can build units but not sure about the ROI?

MI