For Aussies living overseas (in other words expats!), Australia becomes a very hard country to make a profit on property on an "after tax" basis. Why do expat Aussies keep buying Australian property when capital gains tax is as high as 45%...you have to pay stamp duty and the annual rent of the property gets eaten up by the rising tide of land tax!
In 2012 there was a change in legislation that brought about my shift in talking to global Aussies about the benefits of Australian property and a couple of years later I discovered Alan Henderson in Auckland, New Zealand who showed me some property returns that astounded me. Years later he is going stronger than ever and during Covid we find New Zealand holding up better than Australia.
The best part is this podcast strategy can only be followed 100% by Australians and Singaporeans! Find out why.
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