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  • Profile photo of 30pc30pc
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    @30pc
    Join Date: 2005
    Post Count: 7
    October 27, 2005 - 6:56 am

    Thanks Richard. I appreciate your response.

    Profile photo of 30pc30pc
    Participant
    @30pc
    Join Date: 2005
    Post Count: 7
    October 26, 2005 - 7:19 am

    Thank you Steven and Richard for your feedback. I appreciate the effort. I note the comments on the 95%/97% possibly being cheaper and I suspect you might be correct.

    Thank you very much.

    Profile photo of 30pc30pc
    Participant
    @30pc
    Join Date: 2005
    Post Count: 7
    October 26, 2005 - 7:14 am

    I am happy for anyone to PM me if they have any input. FYI I am an investor and not in the banking/valuer industry.

    Cheers.

    Profile photo of 30pc30pc
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    @30pc
    Join Date: 2005
    Post Count: 7
    October 24, 2005 - 8:04 am

    Hi Mei,

    my two cents worth:
    -Don’t bank on analyst predictions, unless speculation is your strategy.
    -If you need 30% to 40% deposit then your leverage is low so you’re going to need an outstanding return to make it worthwhile.

    Consider the opportunity cost. ie you can get into a deal with 10% of purchase price any day in Oz (5% deposit plus 5% for costs). Even on an ordinary 5% rental yield you might still do better locally.

    Profile photo of 30pc30pc
    Participant
    @30pc
    Join Date: 2005
    Post Count: 7
    October 24, 2005 - 7:51 am

    Also Pen check out what type of title they have. If they are on leasehold (correct term?) you might have difficulty getting finance. Suggest you check this out as part of your DD. Not sure if this issue was covered in the other thread.

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