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...

thanks for the pointer..
which currency are your financing?
Some told me to get loan from spore banks as interest rate is lower there between 2-3%, but lotsa restriction such as, minimum size of unit must be at least 48sm, then need to be radius of 15km within CBD.. and max 70% finacning...

in malaysia, i did checked with cimb n maybank.. interest rate about BLR -1.8%, though interest higher but lesser restriction..

whats your type of financing?

y buying aussie house ? if u r moving oversea, ok. if ur purpose is to make money, land your money in malaysia better

Hi, OCBC oso offer AUS oversea property financing, Only offer property in Melbourne, Sydney and Perth residential properties.

Margin of finance is up to 70% of the market value or up to RM 1 mil whichever lower. Loan tenure can up to 40 years or age 70 whichever come earlier.

Nice to know OCBC bank provides financing for property in Melbourne!

Taken from my phone at nite. Not much development.


Attached thumbnail(s)

Let me just stop you right there and just STOP AND FORGET about this idea IMMEDIATELY. Just do a simple google on off the plan property purchase in Australia and you'll find hundreds of reasons why you shouldn't do it. But in a nutshell, this is what you need to know.

1) Foreigners buying in Australia are only allowed to buy new properties, i.e. off-the-plan properties.
2) Developers are selling off the plan properties at a future price, i.e. the price at the estimated completion date, not the current price. Which means you are doomed to lose money when you buy an off the plan properties. Just google and see cases of people not being able to even secure loans after the building is completed. I.e. you bought the unit for $600k and at completion, the bank value it at only $550k, and you'll need to scramble for the $50k gap.
3) If the development does get completed (That is a big if as A LOT of big developer goes busted half way and you have no way to claim your money back), you see a lot of cases where the finishing is different from the actual spec, i.e. the floor space is smaller, ceiling height is lower, floor plan get changed etc.
4) Because of point 1, the off the plan market is different from the REAL Australian market. In one sentence, it is the inflated Chinese market, and a lot of them just need a channel to siphon the money out of China so price is secondary concern.
5) Due to point 2 and 3, you'll see a lot of people selling at completion, and it is sold urgently at a lesser price.

There are obviously exceptions and it is still possible to find good purchases. But if you are not familiar with the market, it is a pure speculation with very very high risk. So again, STOP NOW!!

i've only been to Melbourne once during my uni years... way way back, what's your opinion on the location of this development by the way?

can a malaysian take a loan there if he has a valid work permit

Sorry bro, I not very sure.

My friend says ok only la. Not super prime.

Recommend Upper West Side if you got too much money. BTW, I am no agent just a keh poh, becos my friend bought there (UWS).

Otherwise dont waste your time.

super prime comes with super high price tag

too much money is how much?

Any Sifu familiar with Aus property?
I am looking to invest or send my children for study. So kind to buy a house there.

My uncle stay in Perth where the place are much quiet & mostly chinese. House are cheaper than Sydney or Melbourne.

How about Melbourne price now? I prefer landed or townhouse villa. Please advised !!

Good advice
Plus upon completion, you can ONLY sell Australian properties to Australia citizens and/or Australian PR.

Personally, I thought Fulton Lane's location is pretty good.

You have the Victoria market just beside it, offering cheap groceries. Cheaper than the two big supermarket chains, Safeway and Cole anyway.

Then you can easily get on the tram to go down to Swanston street, where there are a lot of happening going on.

Then again, these are just what I think and like about the place.

1. There are lots of rules here, but foreigners are not restricted to just off-the-plan properties, depending on use and whether it will be rented.
2. That is possible, but the ones I've recently looked at was on par with completed ones. Depends on your luck, if the market drops after you had bought, then you will be under water, but that's not the fault of the developer.
3. Developers must be able to sell x% off-the-plan before the bank will finance the project. This basically safeguard the project. As for variations in the final product, the developer is allowed some variations and this will be written in the contract.
4. Don't think Australian properties are being bought only by the Chinese.
5. There are very few flippers here. Most buy for investment or for own use.

Agents charge between 8 to 9% (+10% GST) of rent as management fees. They will also charge 2 weeks rent as leasing fee, then charge $100 or so for inspection, etc. Any maintenance issues, they will organise (usually their own contacts) to attend, and this can sometimes be expensive. All these fees will make a dent to your gross rent :-( and of course final yield. At present due to tight rental conditions, this is bearable as the rental income is high. This is also helping as capital appreciation is not that fantastic. With the interest rates dropping, I can see first home buyers market hotting up. Not so the rest of the market.

My two cents worth...

What is your budget? Which city are your kids likely to go study? Perth properties are not that far behind Sydney/Melbourne. Remember Perth is still a very car dependant city as the public transport is a little lacking. If your kids are required to take a bus/train, then this would be a consideration when choosing a property. With any cities, the cheaper the property is, the further out of the CBD it is.

Landed property. Are you expecting your kids to look after the yard/garden? There will definitely be more that can go wrong or require maintenance. Labour is expensive with most trades charging a call out fee, just to come and take a look before they even do the work. Usually between $75-$100.

Villas/townhouses slightly better.

Apartments would be best BUT you can end up paying lots in strata fees.

So, there are good and bad with them all.

I'm keen on aussie properties too but no bullets..MOF is low at 70+%..need to have AUD 90k for AUD 300k property...difficult for now..

Reason to invest: to diversify from Malaysian properties..

there is a superbike shop in front of tower 2 luckily the council there is quite strict of noise pollution

if in Malaysia sure rempit every nite and every weekend

they have another promo last month for this project... last i checked only 20% left in Tower 2.. Tower 1 sold out..

get some free electrical appliances + interest on the 10% deposit i believe...

This post has been edited by seather: Jul 9 2013, 05:29 PM

Malaysian Buyers beware; dont get conned.

Melbourne apartments facing glut; some apartments are current selling at lower price than one / two years ago.

I Do have something in melbourne for sales care to find out more.

Melbourne apartments good rental yield but bad for capital appreciation. I know as my apartment's value has declined rm500k so far. But it's for staying and no loan on it so who cares.

Could only buy new ones a couple of years ago. Expensive.

another tips for Aussie property.
Aussie FD rate about 4%, property loan about 5-6%
i think better to take loan from singapore banks as loan are like 2% in Singapore.
Yields seems good in aussie property? there's report there are properties shortage in places like Perth... not sure how true.
Non-PR can only purchase developer unit. there are some agents in Msia selling land+house so you can consider that.

Are Australian apartments sold like in Malaysia? As in build first then sell or like here?

Aussie developers need to build and then sell..much safer compared to Malaysian way of doing things.. pay 10% to the vendors lawyer (take note, the money does not go to the developer) and balance 90% (either by cash/loan) only when property is completed.

so in the case the developer is unable to complete the property within the stimulated time given, the 10% is given back to you..

Hi Ken1212,

I can share a little on investing into Australia property, basically most of our local investor is venturing into overseas property is mainly because of the local properties are over supply and is expecting the burst. Whereby, investing into country like australia, investor is looking at rental yield and also capital growth. When you are buying into australia property , aus currency is more stabilise as compare to ringgit. Hence, the money spent on investing into australia is more secure.

I am sharing based on my experience in selling australia properties.

Hope it helps!

ya, you are right optimus28

Hi! I have one unit (limited unit type) at Melbourne linking A’Beckett and Franklin St. would like to let go, Mid of December will get the VP, I yet to proceed the documentation, therefore who interest to invest in Melbourne, still can save the tax money and own the unit soon.

Interested, please pm me, thanks.

For those who are interested in buying Australia property, please PM me. I am attached to Jalin Realty. Thank you.

link for Jalin Realty : http://www.jalinrealty.com/

so it seems on 2013, ppl alrdy talking about buying property at australia. n now only is being a trend. so many ads about australia property.

guys, if we buy a property there, how to appoint agent to take care of our house? is it really can be trust?

I also interested in Australia property but not very sure about the procedure. Also heard a lot of people kena con. If you have any update, kindly share. Thank you.

if you are foreigner (meaning none citizen nor permanent resident), you can only buy newly built property (meaning no subsale).

you can appoint agent to take care of your house. in fact most properties in aus are handled by agents. They are good agents and some not so good agents but in general terms, they are acceptable, but they do charge service fee of 8.5% on your rental.

but once you appointed agent, you are by law not allowed to any form or ways to deal with tenant directly..

How to identify good from bad agents?

u heard alot kena con? mind to share?

thanks for the share. by any chance, do u have any in melbourne?

My friend bought a new house in Australia from a reputable singapore developer there. End up, i think the project abandoned or whatever reason (i did not find out more) and burn his deposits.

2nd case, another friend just listen to local agent here and told him this property how good how much is the ROI and location near to town. He bought and end up the house is located in a low class high crime area.

These are just a few cases of kena con in Australia property.

Hi, from my understanding the 10% down payment is not transfer to developer. You have to transfer to lawyer firm trust account and its under ur own name. And the 10% will only transfer to developer once completed. Btw, I am referring to apartment in Aus. Not so sure about landed property though. For my opinion, i prefer Aus local developer instead of our Msia own local developer. As subsales only allow to sell to Aus citizen/PR. So better choose those developer that local familiar with.

Dont PM me wokey.. i just share the brochures only.


COMO @ Valley Lake, Melbourne



AQUA @ Finsbury Park, London



Regency Walk @ Regency Street, Westminster, London

For those who are interested in buying Australia property, please PM me. I am attached to Jalin Realty. Thank you.

link for Jalin Realty : http://www.jalinrealty.com/

Australia is one of the very few countries that's not affected of Global Financial Crisis

Property is an excellent investment, and Australia has one of the world's most consistent property markets over the last 30 years.

Why buying an investment property in Australia ?

Australia is stable both economically and politically, which cultivates a peaceful and secure style of living. In addition, also it also have a well established legal and property buying system.

Real estate prices around Australia remained stable throughout the Global Financial Crisis (GFC).
Investment markets are regulated such that they are transparent and low risk in the Australian sector and there is high rental demand due to currently high property prices.

Foreign investors have higher posibilities to get the loan approved vs citizens, if document reasonable

Sensible investments in property have many attractions. Property can be less volatile than shares though not always, and it tends to be regarded as a safe haven when other assets are declining in value.

It has the potential to generate capital growth (an increase in the value of your asset) as well as rental income. Then there’s the tax advantages associated with negative gearing (more about that later), we will not be biased and only cover the beauty of Australia property climate but also will honestly sharing what are the fundamentals & things to look out for when investing in Australia.

In general most of u know things to look out for in investment in any part of the world:- in random order

1) Country Stability
2) Graphs (supply vs demand track, price appreciation over the years, current rental market in the proximity etc)
3) Developer track record & Commitment
4) Location location location (most importantly is market catalysts actually, how far is the nearest universities/colleges, how mny office buildings hw mny workers nearby, transportation? Shopping mall? How far frm cbd? All dis need to be taken into account!
5) Competitors nearby-Investors or buyers always neglect this, hv u heard ppl accidentally bought a 'so-called unblocked view of Klcc ' unit turns out when receive key the view is totally blocked by another 42 storey building ! Ie If theres only 1 offce building with 2,000 workers near yr property n there are 50 projects in 5km radius with 1,000 units each project to absorb, forget bout renting out
6) Design-nowadays are quite critical as more ppl couldnt stand eye-sore-ing ugly buildings anymore
7) Other market catalysts-any upcoming transportation or train station nearby,where does it connect to?ie -catalys no 1-mall coming up-price add 10%, catalyst no 2:train station come up price up 10%, catalyst no 3 new university come up-rental yield go up few % n so on so forth, n be careful of the word 'walking distance' it depends on how fast u can walk n how far can u walk !
8) Concept-izit mixed dvlpment or stand alone,if mixed does the mall or supermarket or office blocks downstairs/next door improve or deteriorate yr condo unit rental or subsale value

Talking frm my experience working in property firms Knight Frank,Jones Lang, sime darby developers office, property agency n property club



Attached thumbnail(s)

Avant @ Melbourne

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.


Attached thumbnail(s)

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.

Southbank... good rental, slow growth I guess. Probably looking at 12-15 years for 50% growth. Good rental though.

southbank area is not small. make sure it is easy accessible with tram and have sunlight coming in coz aussie love sunlight
southbank popular with indon and prc

complicated reason

1. my dad is nearing retirement i don't think he will be able to get a bank loan even with high salary
2. my sister doesn't have a job yet, surviving on dol and centerlink introductions until she gets a sable job she won't be able to get a loan.
3. which is why i am dragged into the picture

1. now is bad time to buy property in Australia. in Any city ! prefer to wait till mid next year to monitor the market. gov has been rolling out cooling measures
best yr to invest in australia was 2011, 2012, 2013,.. you could easily get 50% capital gain if you bought at those years.
2. Dont buy Apartment anymore. (condo in malaysia terminology). It has becoming over supply especially Melbourne. now even Sydney.
3. Sydney is the best city for investment. it has enough population to support the growth. but very expensive. Next on is Melbourne, apartment over supply, that's why still very cheap. Brisbane and Adelaide are bcoming popular, but only good for long term like 10 years of investment.
4. land house always is good investment choice esp in Sydney as the land becoming scarce.
i have just bought a land house near Sydney.

All the best

This post has been edited by plutology: Aug 21 2015, 12:47 PM

what i can say is the growth value of apartment is very slow. eg. you bought at $500k and if you lucky enough, 5 years later would be around $600k and thats around CBD area. buy to rent out is the best bet.
landed is different story though

sydney and melbourne not far away so im kinda disagree that sydney is the best city for investment. transportation in sydney is not convenient as melbourne and melbourne has been voted as best city in the world again.

as long as international students are still there and increasing, you shouldn't be worried about rental part

Thank you so much. Yea... I actually plan to keep it for at least 8-10 years and the unit completion only 2018. looking for rental actually.

Have you heard bout "nation rental affordability scheme" ? coz the unit that I book, the salesperson told me that their project come with this scheme is good for investor that buy for rental return, and not many project entitle this scheme, she said only 30 projects entitle in melbourne.

Then as I said, easiest is just hand her the cash so she could buy with cash lor. Easy, no loan.

Which block you buying? Inner city apartments will always have no worries to rent out. Aus apartment projects are very small scale comparing to KL projects. Usually a new project only have like 200, 300 units, whereas in KL tends to have like thousands.... So the supply side, I think cbd is never enough, cuz Aus has very bad infrastructure, no MRT, only relies on train and tram (lucky for melb). So people still like to live as close to cbd as possible as that's where the life is. But growth wise, it's a lot slower as aussies tend to live in low density suburbs, so they feel scared and try not to buy in highly densed area. But I think that will change slowly.

not that i heard of but simple google bring me to this http://www.housing.vic.gov.au/national-ren...dability-scheme

note that this is for victoria only as other states also have this scheme but different rules.

i believe this only applies to PR and citizen so im not sure international student available for this scheme. there's also household income limit(from $47k pa) to be eligible which i think those people who afford to rent a property in southbank earning more than that. also, u have to provide many documents to apply which i think many people will skip it. it's just renting so is not worth the hassle. might as well look for other property with cheap rental

https://www.dss.gov.au/sites/default/files/...s_factsheet.pdf

i always heard about salesman trying to boast "rare scheme" but actually just useless.

people who live closely to CBD is either international students or expats.
locals will stay suburb where they can drive their car to nearest train station and take train. no issue with parking in train station though. they don mind to travel 1 hour by train to workplace as long as they are far from the city to enjoy the greenery

1. I disagree with the first point. LOL. Aus market is quite big, it's not as simple as one market like in Malaysia. These days, each city got its own cycle and at the moment, mining boom has faded, so all money now returns back to the east coast, namely Sydney, Brisbane, Melbourne and Adelaide (little bit). So Perth and Darwin are actually going down now. If you wanna bet, I think now it's a good time to buy in Perth and Darwin.

2. Apartments in aus tend to grow a lot slower, unless it's in highly sorted areas like Sydney CBD, Melbourne Glen Waverley, etc. I knew someone bought off the plan in Glen Waverley for $500k and sold for $750K in completion.

3. Sydney is good as it's got big population base and lots of hot money coming in, but people have been saying it might not be sustainable with that kind of growth rate. Imagine you bought an apartment at 550k last year and now it's worth $700k. That's bubble?

4. Congrat!!

I think that's one of the myst most aussies have, thinking that nobody would wanna live in those apartments. You would be surprised by how many aussie professionals actually applied my apartment in the cbd. lol And yeah, they are professional, like really well paid job.

mostly expats or high ranking. and yeah, u dont have to worry that no one will live in the apartments
mind to tell me where in southbank?

^ captain obvious detected

if we have the cash it wouldn't be so troublesome

Regent square Southbank. Along cityroad, 1.1km distance to flinders station...I'm getting a carpark too, hopefully it's a good choice.

hmmm ... I actually tot that this scheme might be able to help me to rent out my unit easier than other.. just incase by the time 2018 project completed market over there will be slight oversupply...

location nto bad and i believe the tram stop is just across the street along city and bridge st. maybe about 5-10 minuts walking. not sure how noisy it is because there is a freeway(highway) around

dont worry about oversupply but u have to worry about job market more.
also hope international students are not saturated too