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