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About Me

Frank Russo

Real Estate Agent
Search Find Invest
Bondi Junction, New South Wales
Property Buyers Agent and Investment Property Specialist.
Ensuring our clients buy the right property at the right price

My Activity

Q: I don't live in NSW & am looking to buy an investment property in Sydney. Will I have to pay land tax?
A: You will only have to pay land tax if the property you purchase has land value above the current threshold, which is $482,000.
A typical 2 bed unit in the better parts of Sydney will cost around $800k, to $1m, so the land value is unlikely to reach that threshold.
You should check on each property before you commit to any purchase, all potential outgoings.
A good Buyers Agent should be able to assist with calculating all of this