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  1. #11
    BH-KatiesMum's Avatar
    BH-KatiesMum is offline Community Manager
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    Happy to be wrong.

    There does not appear to be any 'intent to return' condition in this .... so you should be able to sell it CGT free for up to 6 years

    Link to ATO here

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    Yes, we have just over a year until our 6 year time frame runs out, so have to decide if it is worth our time to sell, or hold onto it and and pay CGT in the future

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    WOW Thanks for all your input. KatiesMum and Pina Colada you have really hit home on renting costs and from this information I believe we simply can't afford anything to go wrong, whether that is major maintenance (though shouldn't be for a new property) or lapsing tenants.

    We looked in DHA but unfortunately our suburbs is one of the places exclusively listed as not wanted. Properly due to lack of transport and distance from city.

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    Quote Originally Posted by arty1 View Post
    We looked in DHA but unfortunately our suburbs is one of the places exclusively listed as not wanted. Properly due to lack of transport and distance from city.
    Bugger. But seriously it's Cairns. Nothing is further than 30 minutes drive away from anywhere and I'm still yet to see this public transport thing hehehe.


 

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