The PROPERTY DOCTORS, Sydney Australia Novak Properties
NOVAK PROPERTIES CREW and PROPERTY LEGENDS in the industry share their experiences and knowledge. Hacks and tips to make you a smarter property GURU :) Learn with exclusive content, advice, insider info and HOT real estate industry PRO SECRETS. For sale, for lease, residential, commercial, buying off the plan, finance, mortgages, interest rates, first home buyer, investments - all topics covered. The untold real estate info you've been waiting for.
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