Property investing will (probably) never be the same. What to consider
With a capital gains tax overhaul anticipated in the May budget, buyers agents say some investors are selling but others are preparing for a long-term “buy and hold” approach.
Potential changes to the CGT discount have not stopped property investor Abdullah Nouh from buying in Meadow Heights. Eamon Gallagher
Speculation about a cut to the CGT discount for property investors didn’t stop Abdullah Nouh from adding to his portfolio with the recent purchase of two new residential investment properties in Melbourne.
But the founder of buyers’ agency Mecca Property Group says in light of the potential for CGT changes, the types of properties to buy came into sharp focus.
Michelle BowesWealth reporterMichelle Bowes writes about personal finance from our Sydney newsroom. She has been a business journalist for 25 years and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
