"where I live houses went up 22.8% last year. (Excluding rent)."
Here is our failed Gold advisor from NZ advising Australians to invest in housing property.
In Australia we pay :
1.Taxes
Land Tax is some states.
Capital gains
Income Tax
2.Agents Fees
Management Fees
Sale of property
3.Holding
Council Rates
Insurance
Repairs and maintenance
Interest on your money
On this forum we discuss if Gold is a good hedge against inflation, liquid and long term asset.
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