“Melbourne's been terrible for property for the last 10 to 15 years… land tax just up… property a really tricky investment”
♫
Said on The Finance Garage
“For a property purchase of circa $700,000 annually, you're only really looking at about $1,500 for land tax, right? So about $30 per week”
Matt Sharp · Geared for Growth Property Investing Podcast · Ep. 354: Where Smart Property Investors Are Looking While Everyone Else Waits, with Matt Sharp
Play from 14:25
14:25
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What was described
Calculated land tax cost for a $700k property
$1,500 per year (~$30 per week)
Said nearby on the same subject
“If you pay $10,000 in deductible interest… someone on a 47% tax… gets back $4,700… after-tax cost $5,300… someone on 32.5% gets back $3,250… after-tax cost $6,750”
ND
Nick Donato
Financial Autonomy ·
“I found ways to export the entire MLS into an Excel spreadsheet, use Excel to calculate cash on cash return for thousands of properties simultaneously.”
LT
Lucas Teague
BiggerPockets Real Estate Podcast ·
“They give them a corporate tax break, you give them a property tax break, you give them an unemployment insurance tax break, and they're there for a year, they take it all and they leave.”
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Said on The Weekly Show with Jon Stewart
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