If you believe what you read here, it means no capital gains for 10 years. Blows the theory of a property doubling in value every 7 - 10 years, if it pans out this way, right out of the water.
Not too fussed to be honest if this prediction turns out to be true; as a property investor, you can still add significant value to your property through renos and subdivision / development. The benefit will be that you don't need to worry about escalating property prices as you move from one project to the next; glass is always half full for me.
http://www.heraldsun.com.au/news/mo...-property-market/story-fn7x8me2-1226091381419
Not too fussed to be honest if this prediction turns out to be true; as a property investor, you can still add significant value to your property through renos and subdivision / development. The benefit will be that you don't need to worry about escalating property prices as you move from one project to the next; glass is always half full for me.
http://www.heraldsun.com.au/news/mo...-property-market/story-fn7x8me2-1226091381419