Forum Replies Created
Hi Wes,
I have a few residential and several industrial properties in Brisbane. I have used HTW on several occasions. I find that if you contract them, rather than the bank, you get a much better valuation, because you are the client.
I also found their values to be excellent.
Regards
AllyYou need to consider carefully your current and future income of both parties and whether the property is +ve or -ve geared.
For example, if your partner is planning to cease work to stay home with the kids, and will have no income for the next 5 years, and the property is +v cash flow then having it in her name only is more advantageous tax wise.
By contrast, in the same scenario, the property is -vely geared then you would benefit from it being in your name only, as she would merely be carrying forward tax losses against no income.
No standard answers here I’m afraid.
Regards
AllyHi Mini,
I would love to get on your list. I am open to NZ (although I haven’t been there) as I have quite a few friends who are posted here right now who are from there, so I can grill them for information. Please let me know how to get onto your list.
I am an accountant and we are posted in Vietnam, with the objective of funding our retirment through our overseas work stint. Obviously, access to information is a little difficult here, especially as the internet is so, so slow.
I am about to do my first CF +ve deal in Vietnam. US$60,000 for a 2 BR apartment returning 125/week in rent. Due to the odd rules relating to property etc here, you can only leverage up to 50% and the rates are ridiculous (11%), hence my knowledge of the offshore multicurrency loan, because I borrowed against property I had in another country which was debt free. The USD fixed rate for 12 months is only 3.65%.
I have helped a few people to financially structure offshore transactions in a cost effective manner, so would be pleased to assist anyone who has questions on that side.
Well, back to the grindstone.
I look forward to joining your list.
Regards
AllyThis is my first post. I found this thread very interesting because I live abroad. One thing that I thought may assist people if they are interested is the multi-currency loan – particularly if you are purchasing the property for a capital gain. National Australia Bank and HSBC both offer these products and you have a basket of 5 currencies (of your choice) and you can change currency with 24 hours notice. The first two changes are free and thereafter there is a changeover fee.
As I am outside Australia I was interested in property in Australia, but so far despite fairly extensive searching have not found any that satisfy the 11 second rule in Aus. Does anybody have any areas to recommend there?
