West Village @ Parramatta, Sydney by EcoWorld

West Village @ Parramatta, Sydney

Hi there, I'm an international property adviser. Have you got a property in Australia? If you're still looking for one you can contact me for more details about australia property, the loan application procedure etc. Kindly email me at dhaniah.rozalan@gmail.com or call me at 017208316

Any expert here? I received email from Gamuda land. They have new project in melb. Worth buying?

Www.661chapelst.com

Copy from my email... chapel st is so much different as compared to my time there few years ago.


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Better think twice if you buy something that is not really a cup of coffee by locals.

Asali, why local don't like those? My relative told me that south yarra is good area for investment. High end eh...I used to chill there during my student time.

Hi.. I'm new to Melbourne properties. Which would be better - Melbourne CBD or suburban area if I am looking to invest?
Thanks!

truth
1) CBD got people rent and able to pay good rent --- when it is new.
2) australian PR/residence will buy from you (subsale) but not the price you buy, it got to be way lower.
3) Some bank doesn't loan CBD units at high margin because of over supply.
4) CBD actual yield is only 2% after guarantee period. the difference who pays ?
5) your unit can't resell to another foreigner buyer, e.g. your friend, your brother. It CAN only resale to PR or citizen.
6) suburban got lesser competition and may be better yield, but those opportunity available to PR only.. remember you as foreigner can only buy new but not from subsale market.
7) Melbourne CBD units (not house), price has been almost stagnant for over 5 to 7 years.
8) The best CURRENT investment in melbourne/sydney is to buy suburb freehold bungalow land near to CBD.. but foreigner can't buy.


Good luck my friend.

linkor,

my uncle bought cbd 2 years back...now making good profit. very tempting to go in.
Malaysia market also very shakey now. With the low aussie currency exchange and unstable Malaysia economy. that is why I select aussie. I looked at UK prop...now already 1Pound to RM6. how to invest oh...

south yarra is not CBD wor...safer? but then pretty close to it. Good?
is 5% rental yield common in melb?

I've paid booking fees for a project in Southbank, izit good location? not for flip but looking for long term and rental return. Any expert here can share some opinion? Thanks in advance

Agree, as a local, I wouldn't touch Melbourne now as its heading towards oversupply.
Similar to Malaysia at the moment, too many high rise apartments.

Malaysia is worse with government plans to build hundreds of thousands of affordable housing nationwide on top of all the private developers in Selangor, KL, JB, Penang, Ipoh etc

Sydney is still under supply for at least 3-5 years.

Reasons:
1) international and domestic migration to Sydney
2) we are currently shortage of 20,000 dwellings per year taken account of new and upcoming buildings.
3) height restriction rules in suburbia
4) low vacancy rate of less than 2.2%
5) international investors especially from China are snapping up the apartments and houses in Sydney
(Latest news is that cashed up Chinese investors bought the units and don't bother to rent out - locked up and achieved capital gain of 30-50% in 1-1.5 years.)
6) low interest rate environment. Cash rate of 2% will stay low till the end of 2016. Which means you can get a loan for as low as 4%.

Having said that, it is really expensive to get into Sydney market.
Average 3 bedroom existing house in Sydney (within 20 km radius) is already AUD$1m
Average 2br existing apartments (within 20km radius) is AUD$600-700k
Expect more for new dwellings.

Very dilemma coz like what sapuking said... both Ringgit and Aussie are weak, that's why I also go for Aussie instead of Ringgit coz unstable government and direction.

This post has been edited by SYYMY: Aug 18 2015, 07:24 PM

bought 2 years back ? already sold or renting out ? Still got GGR is it ? when got rental guarantee it is good, but when it is over, you will start to see the true color.

South yarra is not consider CBD.. as to my knowledge, 2~3% yield is about there those apartment..

5% yield have to go further inside.. like 20km from CBD

Linkor, If CBD area? southbank those? how many % return will be huh? Tq

hi guys i need some advice for properties in australia.

my situation is like this, my sister is an australian citizen but renting a house, my family is thinking of buying her a house since she cannot afford to buy one on her own right now being that she is single and don't have a stable job just yet because her previous company went bust.

would myself and my dad (foreigners) buy the house together with my sister? hows the arrangement like?

my dad wants a little retirement spot at australia.

If your family intends to buy a house, then it would be a good idea if you give her the cash and buy it @ 100%. If your dad and you get into the picture, it would get a little administrative. Unless you want to get a PR.

20km from CBD homes are very do-able as they cost, at today's RM exchange rates, rm950k for a 5 bedrooms, single story, 35 x70 with the kitchen thrown in.

I think it is well worth and would mean a better life for your family. Why spend RM900k for a house in M'sia when the cost of living in M'sia is near on par with Aust?

This post has been edited by pearl_white: Aug 21 2015, 10:07 AM

South Yarra is prime area. A bit like MK in KL, with close distance to the central. But also got a lot of high rises going up as developers trying to compete. 5% is pretty common yield in Australia, especially with apartments. But you might need to factor in the expensive body corporate fees and council rates and water fees.

Easiest option is your dad just "lend" her the cash and she go ahead and purchase the house with her name.

If your dad wants to be on the title, then need to talk to your banker, can still do but might need proof from your dad that he has a stable income and are able to pay the loan together.