Can you avoid CG Tax if reinvesting sales in new property?

Hi All,

I was looking at selling 2 properties and using that cash to invest in a much better quality of investment.

Question, if I make a profit of about $400,000 but re invest all that into a new property for investment purposes, do I still need to pay CG tax on that $400,000 profit?

Can you avoid CG Tax if reinvesting sales in new property?