Latest / The PROPERTY DOCTORS, Sydney Australia Novak Properties
LAND TAX TSUNAMI, STRATA SKATES, FREESTANDING PAYS
🧾 LAND TAX: the hidden holding cost.We all cheer price growth… then the land tax bill lands.Key takeaways from Ep. 1525:• Threshold: ~$1.075m (NSW).• Rate: ~1.6% above the threshold.• Examples: freestanding site LV ~$1.71m ≈ ~$27k/yr; strata unit LV ~$185k ≈ ~$2.9k/yr (if over threshold); larger block LV ~$2.85m ≈ ~$45.6k/yr.• Strategy: strata can massively dilute land value; always check the Valuer General land value, not sale price.🎯 Action: run the land tax numbers before you buy.#MorningMinutes #LandTax #NSWProperty #PropertyInvesting #NorthernBeaches
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.