Tax file # is for anyone who has an Australian income, don't care if you are resident or not.

I also have to file in Aust tax return even not pr.

if apartment is expensive than townhouses will be more expensive.

anything nearby Melb Uni is expensive if two bedroom apartment is considered expensive.

Very hard to buy like this.

the "tax free" income ia about $18k pa. and it is for resident only.
For non resident, no such deductions.
the trick is to offset rental income against interest expenses and etc.
However, now it's hard becos most banks lend only about 60% value and consider 60% of your income.
Some banks very strict, only certain professional income considered eg surgeons , lawyers eyc

why want to stay at CBD? MLB uni located at eastern area.

Australia forces sale of 16 foreign, including Malaysian-owned, properties

http://www.thestar.com.my/business/busines...ding-malaysian/

Yes lah...they are breaking the law mah....

Foreigners can only buy direct from developers nia...
Otgerwise need authority to approve de....if buying subsale...

But the govt also boh hiew all these while.....now only tried to enforce the laws....

Actually the property agents also ahould put in jail.

can elaborate why? hows the situation in Adelaide?
Im surprised with so much land, apartments in Adelaide are going for half a million AUD for less than a 1000sf 2 bedroom apartment

ok here are how the games play.

1. as foreinger, u can only buy from developer.

2. most agent try to push apartment, bcoz harder to sell at aus. they need waterfish to buy so they engage agents, just like iskandar always try to aim foreinger instead of malaysian.

3. most aussie prefer landed, they enjoy land they enjoy the car space they enjoy the neighbourhood. they try not to live at town center.

4. so, if you bought apartment, to let out no problem. but when u try to sell, who going to buy from you? foreinger cant buy from you due to the policy, only local are allow to do so but local prefer landed.

5. even if local want to buy apartment, they can buy from developer. and even if they want to buy subsale, there are many many many many many chinese from china own few row few storey of the same apartment try to let go. you have a lots competitor, dont forget their entry level is cheaper than you since they buy 10 20 30 units in once.

This post has been edited by kitkat: Sep 19 2016, 06:11 PM

Good info. Thank you so much for explaining that to me. Really appreciate it
Can we sell back to developers? Cause I attended one of these talks for Aussie properties, the agent says if cannot sell, they will buy back.

This post has been edited by idoblu: Sep 19 2016, 06:37 PM

personally i avoid all property project that come with rental guarantee or buy back guarantee.

This post has been edited by kitkat: Sep 19 2016, 07:25 PM

Also its western culture...

They prefer to rent...not buy....there is no shame in renting and without own any properties.

They will come to city to find work...but end of day...may go back to the land....interstates and etc.

Solid points mentioned here. Just to add, I find that most Australian Properties marketed towards Foreigners / Malaysians are overpriced. Doing an independent research based on actual data would simply reveal that.

Also, the fact that Foreigners are only allowed to buy "off the plan" properties are a major disadvantage. To add matters worst, those that bought Aussie props can only be sold to their local Aussies.

Now, for the big secret... Guaranteed schemes are awesome for the developers because they can give you back your own money as it is typically priced into the property.

All in all, I personally would not invest in Aussie props. Hope that helps

This post has been edited by innsean: Sep 19 2016, 10:00 PM

Actually there are not many countries in the asia pacific as foreigners u can own landed....freehold summore...

Well because of "political pressure"...
All for show only.. Telling the voters there. The government understand people concerns... We are there for u..

can foreigners still get loans from Aussie banks? anyone knows which banks still do foreign loans?

I didn't know there was a thread on Lowyat for Australian properties, I have never marketed overseas project openly because until now, i think it's targeted to those who want and inquire about it.

My 2 cents,

After browsing through the sifu's posts here is that in my opinion, for Melbourne only, it's that if you're migrating there, look for House and Land, unless you're very new to Melbourne, rent in the city and if it suits your lifestyle, then only decide, but majority will not like the hustle and bustle of city life(same with KL). As i do take trips to Melbourne to visit friends and family, It's busy during working hours, but mostly dead during the weekend.

Apartments in the CBD really depends on the area, I have friends who bought directly in CBD because they work there. and even they say that apartments in the CBD exclusively is over-supplied and priced, unless for their children who studies there, they don't mind paying more for the convenience that its nearer to their University/Colleges.

One of the sifu's mentioned here that buy where the local buys, i agree partly because for their culture, they don't like noisy/crowded and want their own privacy and garages and space etc. while in majority of the South-eastern part like Dandenong/Clayton/Richmond are like the matured asian suburbs already. Abit further down to Cranbourne is where the locals stay.

I've learnt from clients and friends that if you do get the wrong agent, it can be a nightmare, especially a couple of years ago when UK and Australia was hot investments venue, the complaint outweigh the good because everyone wants to earn a quick buck and forget about the service.

Lastly, yes, alot of China buyers, especially the newer developments in West/CBD Melbourne. hence imposed of so many restrictions and the banks closing their doors to foreigners. and Usually i would say you don't compare properties in Sydney because it's a world city like New York, Tokyo, London etc.

I like Aus because with a little research, more of their information there are transparent, quite easily accessible if you know what to look for, whether for investment or own stay, and as one sifu here mention, fly there and see the area before you commit in any property that's not within a drive away. No harm to spend the extra bucks to be sure, Aus has always been a long term investment place.

Good luck to all who wants to try their hand, usually will benefit with the right steps taken to be sure with the failing currency. I'll be heading back to Melbourne coming March to follow up and explore Southbank/Fisherman's bend as the last time only managed to visit Crown Casino.

agree.

and i would like to point out that, IMO, Aus not really a good place for property investment for foreigner, at least for now for malaysian.

1. u cant obtain loan finance, or hard to obtain

2. the stamp duty is killing you, 12%.

3. rental is good but you need to pay propery management company to help u manage all the things.

4. RPGT

honestly, you need about at least 500K cash in for the entry level. with this amount of money i can get better investment at Malaysia. the only reason to consider invest in Aus are:

1. diversify, park some of the capital in oversea. thx Najib.

2. for children study

3. iimigration

otherwise, stick at malaysia or other country.

This post has been edited by kitkat: Oct 17 2016, 01:09 AM

The current prices for entry is very steep @AUD390k(lowest new one i see), RM500K is the extra safe part, but can manage it with 200k, as the period between building handing over is quite long. Usually the bulk of it comes upon settlement, which is after VP, and that's 1.5+ years later. all the little cost like Solicitor fee and that 12% Stamp duty(ouch). Minimized if there's financing.

The management company is not too bad, 7% of rental plus it's a yearly thing.

RPGT is only upon transfer of names, there's a few clause i think to avoid it, but it's touchy stuffs and haven't came across it yet.

Mostly now do migration only cause of the bleek future most of them see in Malaysia, more looking to Aus as even London is unstable now with Brexit, although i still get inquiry on London.

Malaysia easiest cause we are familiar with the environment

mind to share how to purchase the 400K AUD unit with start up capital 200K RM?

i mean landed.

and assume that i only have 200K RM.

This post has been edited by kitkat: Oct 17 2016, 10:07 AM

Landed usually abit harder as they have 2 contracts to sign.

Sorry my mistake as i thought it was Apartment/Townhouse. (Sorry)

To my knowledge for House and Land you have to pay Stamp Duty on the land, cause i have only heard from friends which they have bought and built themselves and not from any Developer.

If thats the case then yes, agree need about 400-500k cash rollover for House and Land to be safe.

My daughter too going to Melb or Adelaide next year. Uni accommodation is like AUD 120k for 3 years, so might as well look at buying a unit there.

For students, it is best to have minimal fuss and close to transport. So out of town landed is not considered.

Any suggestions? Tks