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Investment Australia Property, Investment in overseas properties

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neweeX
post Apr 3 2013, 04:50 PM

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QUOTE(ken1212 @ Apr 3 2013, 08:24 AM)
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?
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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. shocking.gif rclxub.gif


neweeX
post Apr 6 2013, 08:22 PM

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QUOTE(ken1212 @ Apr 6 2013, 07:25 PM)
anyone here whom is familiar to getting a loan to finance a Australia property? any tips or advice?
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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).



neweeX
post Apr 6 2013, 08:25 PM

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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.
neweeX
post Apr 6 2013, 09:18 PM

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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.




neweeX
post Apr 7 2013, 08:26 AM

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QUOTE(tailangong @ Apr 6 2013, 09:42 PM)
Assuming u bought yours at AUD$400k, with A$650/week, that means someone is paying for your mortgage.  thumbup.gif
Btw, how do you secure your rental if you are here in Malaysia while your property is there?
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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


neweeX
post Apr 12 2013, 10:07 AM

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QUOTE(kenji1903 @ Apr 3 2013, 11:34 AM)
i actually kinda like SP's Fulton Lane in Melbourne... not enough bullets doh.gif
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Taken from my phone at nite. Not much development. drool.gif


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neweeX
post Apr 12 2013, 11:31 AM

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QUOTE(kenji1903 @ Apr 12 2013, 11:02 AM)
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?
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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.

 

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