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<blockquote data-quote="greggy" data-source="post: 1633283" data-attributes="member: 38479"><p>We have actually really low yearly taxes for any rural land, it costs more in cities and towns where water etc is supplied....</p><p></p><p>But it costs bucket loads just to buy rubbish bush blocks, and, every purchase is taxed at a %, so even a small block of dirt in a town costs a fair bit in a once off tax, then you have the local govt ongoing taxes which is prob 2k a year in most places.</p><p></p><p>Buying and selling land here comes with sig costs, holding rural land is not much more than the repayments, which will be high compared to income potential....in most spots, if it is cheap and productive, it will cost a mint getting stuff to market.....</p></blockquote><p></p>
[QUOTE="greggy, post: 1633283, member: 38479"] We have actually really low yearly taxes for any rural land, it costs more in cities and towns where water etc is supplied.... But it costs bucket loads just to buy rubbish bush blocks, and, every purchase is taxed at a %, so even a small block of dirt in a town costs a fair bit in a once off tax, then you have the local govt ongoing taxes which is prob 2k a year in most places. Buying and selling land here comes with sig costs, holding rural land is not much more than the repayments, which will be high compared to income potential....in most spots, if it is cheap and productive, it will cost a mint getting stuff to market..... [/QUOTE]
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