GST Buying or Selling Real Estate
Whether a sale of property is subject to GST will be dependent on a number of factors. The sale of real property must be made in the course or furtherance of an enterprise before it is brought into the GST system. Summary of GST status for sale of real property.
Properties to Avoid
There are so many different types of properties that selecting one can be very confusing. There are however some specific property types I suggest you avoid altogether as they are simply a bad choice or are very high risk investments. Australia’s biggest Banks also have concerns with the majority of the below property types and will restrict lending levels on them.