Latest / The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1609 Selling Serotonin, The Fake Hit
💰 “I’ve got the best partners in business… the Australian Government & the banks.” – Harry TriguboffProperty is powerful — but so are the costs.Every time you sell and buy, you’re paying:▪️ Agent fees (on the full value, not just your equity)▪️ Stamp duty (again… full value)▪️ Then potentially capital gains taxIf you’ve only got 20% equity, those transaction costs can eat up a HUGE chunk of your gains. Do that 2–3 times over 10 years? That’s a fortune gone in fees alone. 😳This is why strategy matters. Holding, compounding growth, and leveraging smartly can outweigh constant buying & selling —…
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