All Topics / General Property / land tax in wa?

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  • Profile photo of FALCONFALCON
    Participant
    @falcon
    Join Date: 2003
    Post Count: 20
    May 25, 2004 - 1:32 pm

    i read recently in an article by noel wittaker i think that if you intend to invest in mutiple propertys that land tax will eventually be your killer.

    i was wondering how is land tax calculated in wa?

    cheers

    Profile photo of bensonbenson
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    @benson
    Join Date: 2003
    Post Count: 101
    May 25, 2004 - 2:58 pm

    Check http://www.dtf.wa.gov.au/cms/osr_content.asp?ID=174 for details on rates and threshold etc.

    Cheers,

    Benson

    Profile photo of AUSPROPAUSPROP
    Participant
    @ausprop
    Join Date: 2003
    Post Count: 953
    May 25, 2004 - 3:40 pm

    Falcon – there is an extremely good argument for spreading your portfolio around the country. It lowers your land tax as you say, plus it diversifies your exposure to different markets. Just please do your homework and don’t get ripped off like so many people have been (and continue to?) investing in units up in the likes of Queensland at well above true market value… do your Due Diligence!

    Profile photo of FALCONFALCON
    Participant
    @falcon
    Join Date: 2003
    Post Count: 20
    May 26, 2004 - 12:53 pm

    thanks guys!

    Profile photo of RugbyfanRugbyfan
    Member
    @rugbyfan
    Join Date: 2003
    Post Count: 683
    May 27, 2004 - 5:20 am

    Just remember Falcon that as On July 1, the land threshold is being increased to $100,000. It was $50,000.

    Thanks Eric the Ripper, at least you have got something right!

    ________________________

    Bundy made me do it…..

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