Chris Bates

speaker

1,659 appearances 5 recordings 1 series first heard Jun 2021 last heard Dec 2022

Chris Bates’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Property investing strategies (advanced) with Chris Bates · 4 Oct 2021 podcast

Whereas if you buy investment property, you'd pay capital gains tax when you sell it, you know, on 50% of that gain, as long as you hold it for more than 12 months.

The thing with property rather than shares, you've got to be pretty gutsy with shares to hold onto your winners.

You know, it's all about behavioral economics.

And unfortunately, you know, most people want to sell their winners and they want to hold onto their losers in investment portfolios, right?

But it makes sense to...

When you buy a share, if it goes up in value, don't sell it.

But most people want to take their profits, right?

So when you take your profits on shares, you pay capital gains tax.

And a lot of people, sometimes those profits are under 12 months as well.

And so you pay a lot of capital gains tax on shares.

But with property, even if you buy an investment property and it goes up in value, you never pay capital gains tax till you sell it.

And the best way to buy investment property is to hold them for a long time, right?

Not just five or 10 years.

I'm talking 20, 30, or 40 years.

If it's a quality asset, it should always stay a quality asset.

So there'll never be a time when you say, you know what, oh,

I really want to just get out now because it's going to fall in value.

Well, no, you go, well, why would I sell it now?

In five years' time, it's going to be even better.

It's still scarce, still even more desirable.

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