I am interested to explore into overseas property such as Australia or NZ.
Had been seeing many advertisement and agents promoting overseas property in UK, Canada and especially Australia.

Any sifu with tips or advice?

This post has been edited by ken1212: Apr 3 2013, 08:31 AM

I am working in Australia at the moment.

Depend on your budget, you can buy a house nearby mining area and rent it out for good money. However the appreciate value for the house is slower compare with others.

If u r loaded, choose SP Setia Battersea @ London. Again, good luck

i actually kinda like SP's Fulton Lane in Melbourne... not enough bullets

battersea n fulton looks attactive.. but way above my budget of $350k.
anyone has experience and bought any overseas unit?
lotsa factors to consider such as the management corporation fees, council rates, water rates and other outgoings.. etc etc.. which cost substantial.. probably end up with 3% or lower in terms of net yield...

which part of Australia are u working?

Hi everyone, I'm a property investment consultant in Australia, particularly in Melbourne as I'm based there. Please PM me for anyone who is interested to know more about property investment in Australia. Or I can share my 2 cents here if the topic is not too broad.

of such topic attracts newbie with unknown credibility who join up today.

if you want to invest in Australia market,

do read up sites like

domain.com.au
realestate.com.au

pls dont buy on speculation or what people say, do your homework.
else you will get burn.

I am not even trying to sell any property to begin with. If I am a newbie I won't happen to know this site and coincidentally create a new login. I create a new login to reply to this topic as I lost mine after migrating to Australia.

One thing I learned here is that trust and credibility is earned. You guys can determine it yourself, but then again, I'm a stranger, it is sadly understandable.

Firstly i am no sifu but i want to just give advice - free mah.

Please think carefully when those agent come to advertise here, means overprice !

Secondly, u need to know which city u target, simply tembak also can but not now as property price go up a lot a lot compare to a few years back. The current KL property price increase is nothing lah vs Australia.

Even within the city, u must also know which area, just like KL valley so big from Rawang to Bangi.

Also, some areas are prone to natural disaster - flood (see lah tv ; flood means not only one whole town, maybe bigger than whole selangor, not just one road) and forest fire - if u see the fire, u think it is amargeddon happening.

Then u must also know what is the market rate over there lah, don't be like a water fish; go and pay big money for some ulu kampong area.

So, no easy answer.

yeah.. lotsa homework to do..
that's why I need some input or advice from this forum..
hopefully can get some pointers here..

i have been to few Australia property expo.. local agents unable to explain in details... lotsa grey area which not properly explained. it makes us difficult to decide due to uncertainty... especially when it involves large amount of money...

yeah.. lots of factors to decide especially if you are not familiar with the geographical area.. like u mentioned flood, fire , etc which i never thought of...
will properties located in cbd a safer bet? but of course it cost more...

anyone here whom is familiar to getting a loan to finance a Australia property? any tips or advice?

remember to check your exit plan eg. in Australia non-residents can't sell to residents

If u attend those property seminars/expo/display (??) , they have their panel of bank. ANZ (Kl) or NAB (singapore) all happy to lend u money if u meet their requirements.

Cover your FX risks, this one again hard to give free advice, depending on case to case. How much risk you can take etc.

Depending what interest rate u can get , u may want to cover interest rate risks (can go up to 17% pa as in the past).

Your source of fund is wat currency? Eg SGD or HK or GBP, u need to understand the past , current and future trends.

Otherwise kena whack until u pengsan ah.

Today, I very free so can talk %@##

Currently for Syd, new launch, CBD, 2b 2t, min AUD750k+.

Compared to few yrs back while working there, I bought one for abt less than half today plus some RM was at 2.40.

Now collect rent about A$650/week.

Opportunity don't always come second time. Just pure fortunate. No need brains then just lots of foolishness.

Assuming u bought yours at AUD$400k, with A$650/week, that means someone is paying for your mortgage.
Btw, how do you secure your rental if you are here in Malaysia while your property is there?

ok, one last one, cannot talk too much, after pecah lubang.

if u get a good agent, there very professional one. They will check yr apartment twice a yr, to see the condition. Rental very fast can get new tenant, sometimes back to back one. Thank goodness, so far so good leh.

Also ah, negative gearing if your return becomes +ve, becos tax for non resident 40 %, tak boleh tahan.

Eh you holiday there also can claim expenses against your income. .... bye bye no more talking

how does the agent in australia charge you?
since we are physically here.. i think we need to appoint an agent there to help us to collect the rent, pay the assessment, etc..
i heard they charge 10% of the rental.. is it true?

if like that also quite a lot leh....
i will attend a few seminars or talk this coming weekends.. but most local agents cannot explain much... thats the dissapointing part..
they don't tell you in details, afraid of surprise cost...