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Investment MELBOURNE SQUARE OSK

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TSbennomin
post May 29 2023, 06:36 PM, updated 3y ago

On my way
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Hi All, looking to venture into MELBOURNE property. Came across this project and would like to seek opinions and some thoughts from the experienced sifu and si jies.

Your suggestions and feedbacks are greatly appreciated as I’m doing my some sort of homework before putting money into it smile.gif.

TSbennomin
post May 30 2023, 09:59 PM

On my way
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Junior Member
629 posts

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Anybody who invested in overseas property…like in Australia and UK can share the process of getting a mortgage for off shore properties/asset purchases? Thanks.
TSbennomin
post Jun 15 2023, 07:04 PM

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Hi All,

It seems like majority of sifu here are more towards local real estate market.

Trying to seek help on advices on getting into Melbourne property market. Anyone can advice newbies here? Thanks.
TSbennomin
post Jun 17 2023, 11:44 AM

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QUOTE(IronManz @ Jun 16 2023, 11:54 AM)
Thong, what about rental income, sufficiently ok to cover most of installment?
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Australia especially Melbourne and Sydney are experiencing housing shortage. Not sufficient of homes which boost the rental market. Those who bought or own one can receive quite decent rental yield. But minus all costs of owing ie utilities, maintenance should be able to cover instalment ngam ngam.



TSbennomin
post Jun 17 2023, 11:45 AM

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QUOTE(IronManz @ Jun 16 2023, 05:21 PM)
That's true in a sense, but if rental can basically cover, then the current price and eventual selling price (when you want to sell it) will differ, just depends on how long you can keep it. If rental can support, can hold on to it and not sell. Pass to kids etc who can hold on to it forever since rental can cover. Sell only when want to, or just keep
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Yes Boss

As long you’re not exit, there’s still hope.

Just like in share market. Who will ever know when is the lowest and highest point.

As long you have the capital to hold should be fine.
TSbennomin
post Jun 17 2023, 11:49 AM

On my way
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QUOTE(thongyj93 @ Jun 16 2023, 09:21 AM)
I have 2 apartment in Melbourne CBD, based on current value, property price dropped approx AUD 100-150K per unit vs Purchase price after a few years.

I dont think CBD is a good place to invest in
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Do you think suburbs could be an more ideal place for investment?

As CBD is flooded with ppl so demand for space no doubt.
For MSQ Stage 1 which is completed, have vacancy rate of less than 2% which is quite impressive.

For suburbs, rly hv to be caution on the land height above sea levels as some places in point cook, southwest of CBD get flooded occasionally. (But infrastructure improved in that area)



 

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