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  • Profile photo of Dave67Dave67
    Member
    @dave67
    Join Date: 2004
    Post Count: 5
    August 25, 2004 - 12:59 am

    I have finally decided to buy 2 blocks on Russell Island. Can anyone tell me if it is better to buy the blocks in my name only or in my wifes name as well in order to pay the least capital gains tax when we sell. Any input would be appreciated.
    Thanks

    Profile photo of Dave67Dave67
    Member
    @dave67
    Join Date: 2004
    Post Count: 5
    August 4, 2004 - 1:47 am

    I have been looking around on Russell Island quite a bit since my last post. It seems that the average house rents for about $160 per week. Its not that high but considering the outlay I think its ok. And the weather and scenery here is amazing.

    Profile photo of Dave67Dave67
    Member
    @dave67
    Join Date: 2004
    Post Count: 5
    July 28, 2004 - 6:45 am

    Thanks Guy’s for your negative comments. I have just had in interesting chat with the REIQ (Realestate Institute of Queensland), and I was told that the few particular blocks that went under water on high tide are marked out on public available maps. 95 percent of the blocks do not go under water. And as far as building goes there are half a dozen builders on the island. May be you all should do a bit of home work rather than listening to rumours that stem from the 70’s, thats how great oppunities are missed. QLD the smart state. yeah right.

    Profile photo of Dave67Dave67
    Member
    @dave67
    Join Date: 2004
    Post Count: 5
    July 27, 2004 - 7:44 am

    I am thinking of buying land on Russell Island. I understand that you can build on the island.

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