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NSW land tax is a huge load on landlords particularly with the...

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gmt

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27/05/24

11:04

Post #: 74022150
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Originally posted by Bunn-Wackett ↑

I agree wholeheartedly.

The ones frothing at the mouth are renters by choice it seems, and now they've realised they should have worked their butts off to get a home.

Landlords have it tough right now, they've got some great gains pocketed over the last few years but that doesn't help the cashflow. There's a lot of risk been put onto landlords over recent times too, the tenant has a lot more rights, there's more regs, it's tougher.

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NSW land tax is a huge load on landlords particularly with the huge increase land valuations and more to come in next round of valuations done in July. I have decided to lighten the load and make use of some of the capital gains else where.
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