Retire Young and Wealthy

I was emailing an agent about a shop/office for sale in Australia. The price is $130K and the expected rent is aroun $940 a month. It sounds like a reasonable deal, but I didn’t realize you have to pay GST on the sale! I know I might be able to get this back later, but I think it is ridiculous!

Then I started reading more about NZ. Prices are low, +ve returns are possible, possible growth and NO capital gains tax or stamp duty. The Australian government really knows how to milk everything for extra cash. I just need now to find an agent, property manager, accountant…