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