What do I need to know before I sell my house in Brisbane?
April 18, 2012 3:21 PM Subscribe
I'm looking to rent or sell my house in Brisbane, Australia, and am after resources on real estate and financial and tax implications.
posted by jjderooy to Work & Money (2 answers total)
So Dear Wife has a great job offer and so we are moving interstate. Our current finances are pretty simple - we're both employed by government/universities and all spare cash goes into the mortgage. So we own about 2/3 of our house (the bank owns the other 1/3). I may be jobless for a while but am going enjoy being a stay at home Dad. Planning to rent for our first 12 months in the new city.
Renting our old house will likely cover the mortgage, but the house will likely downgrade as a rental. Ie, if we want to sell in the next few years, we should sell now.
So I'm looking for resources and advice with regards capital gains, negative gearing, etc.