Should I buy an investment property before July 1 to avoid CGT changes?

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kaaizjameslyng

New Member
I am confused about the government changes. I need experienced advice.

I worked hard. I can now pull equity from my home. I want to buy my first investment property.

I just refinanced. I do not know: should I buy before July 1? The government may decrease the CGT discount from the new financial year.

Or sshould I wait? I will likely be priced out.

I appreciate any advice.
 
Hey, maybe chat with a wealth planner first. Get a sense of what could happen before you decide.

But jumping into a massively over leveraged investment? That's pretty risky. Throw in government changes and extra investment risk from things like renters' rights, and it adds up.

Honestly, it's not a great time to own an investment property.
 
You have to pay to play. If you pay tax, it means you make money.

Reduced investors due to CGT will cause people to hold investments longer. That reduces stock availability and increases home values.

If negative gearing is removed, owners will raise rents to make properties positively geared. The loss of negative gearing benefits forces this.

Property remains a safe and effective way to build wealth. Any cash producing asset is a good option.

The only major sufferers from these changes are renters and first home buyers.
 
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