QUOTE(Nemesis1980 @ Aug 12 2016, 05:20 PM)
My situation is i still retain my property back home and rented out to expat. Start fresh here based on my wages to get the mortgage.
It is tough from the start as i'm not using malaysia income to support here. Intention is to treat the malaysia property as preparation for kid's uni fees in future, so that won't scratch our head to seek money later.
First home buyers have it really tough nowadays. In Sydney esp, u would need to sacrifice either location, commute time or size to secure a property within your budget.It is tough from the start as i'm not using malaysia income to support here. Intention is to treat the malaysia property as preparation for kid's uni fees in future, so that won't scratch our head to seek money later.
As an example, a small 2br apartment is easily 800K in a 'better' area with 'good' schools and a decent professional demographic ie. Lower North Shore.
Ditto, in Melb. if u look at the eastern suburbs, prices are easily 800K.
U may want to seek an alternative arrangement eg equities to fund yr kid's education. With properties there are also no certainties, n realistically speaking returns are only 2-2.5% of yr investment. U hope for capital appreciation but that's a bit of the roll of the dice.
As for the kids fees, if u r PR, assuming the gov doesnt change the rules its 10K per year (plus CPI increases of course). So relatively affordable.
If u r willing 2 take up citizenship, all the better, all fees can be deferred til yr kid earns 60K or above.
Aug 15 2016, 12:09 PM

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