Hi Stu, I think this topic may be a good one for you. I’m currently in Japan like a few other investors on this site and can borrow money through Australian banks in Japan at interest rates below 2.5% for properties in Australia. The question is the pros and cons of doing this. I always find it tricky working out the exchange rates and some of…[Read more]

Hi Laura, I will contact you in the near future, thanks.

C

Hi everybody. I’ve been following this thread and it seems that there are quite a few investors who are Perth based. I’m interested in the Perth area but are still o/s at the moment. Will fly back to OZ around the 3rd week of July and may come to Perth. Is there any one who may be interested in meeting during this time as I’m not able to go to…[Read more]

The relationship between speeding and property investments is quite simple, both involve an element of risk. Sometimes you win and sometimes you lose and remember when you lose learn from the mistake and don’t do it again. Finally ignorance of the law is no excuse for the crime whether it’s investing or speeding.

C

Hi Kooringal, thanks for the input. The situation I have is different to the one’s in your reply. They do sound a little interesting but I would rather keep everything above board, although cutting corners is fine.

Can anyone give a definition of what constitutes a PPOR as I have been given different responses from accountants. Is it your…[Read more]

Hi Julia,

I’ll assume your familiar with the Darwin. Some are in the golden triangle NTU, Casuarina Shops and the Hospital others are N/C shops area, but away from Aralia st area. The others are within a few minutes walk of Palmerston Shops. I think Darwin will hit another mini boom within about 18 months. Federal and Territory Govts are…[Read more]

Hi Darwin, my own personal thought is to try and find IPs in the same area initially before expanding to other areas(states). This makes it a little easier when negotiating with the banks for a second loan. You may find with the right manager your equity might not need to be very much. I have a few IPs in Darwin and think the prices are still…[Read more]

Hi Michael, hopes this clears a few things up.

Hi. I was trying to work out why you think the property is free of capital gains. It could be for two reasons:

It is your PPOR

The property was bought for PPOR but being o/s 95% of the time, has caused some concerns about this status.

Can anyone give me a concrete definition of PPOR and how this…[Read more]

Hi Michael, thanks for the reply.

How long have you owned the IP?

Property acquired mid 80s

What are their weekly rent payments?

Property is about 30% under the current rental market. This is a trade off that benefits both parties without going in to the full details.

Have they gone to the banks first before asking you if you’d like to…[Read more]

Hi Superman,

Steve’s pretty right about the unit situation. One of the first units I bought was in a block of 9 and a second in a block of 4. Both acquired at the same time on investment loans. I was eventually able to obtain the other 3 and gain control of the situation completely. The other one has provided the odd headache but nothing too…[Read more]

Hi Chris,

I understand your situation as I’m based in Japan and have bought a few properties whilst O/S. One of the biggest hassles is that some of the documents that you need to sign may need to be witness by another Australian or a consulate or embassy member. An easy way around this is to give power of attorney to someone but only in the…[Read more]

Hi Yoda,

My thinking is both are helping each other. We want money and they want somewhere to live, it is a little simplistic but it will do for now. To put a slight twist on the situation. How many people have thought of turning their long term tenants or even some short term tenants into wrap customners. If you keep one or two properties as…[Read more]

Hi Benny, I’m based overseas and I have my properties with a real estate agent. I have had no problems and they also know the type of properties I like to buy and always keep me informed when ever anything comes on the market. If you don’t plan on anymore investments while overseas I would go with Paul’s idea of a property manager. Make sure…[Read more]

Hi Nick, I totally agree with what you wrote. I already do that with a long term tennant (10 years). I know when their wedding anniversary is and also ensure that a card is sent to them along with xmas and new year cards.

Are you interested in no money down but using the equity in an existing property?

Hi Dan, Paul Brett and Dave,

I’m also interested in knocking back a few ideas about investing in and around Perth. Unfortunately, I’m currently O/Seas and can only exchange information by email/fax. Also Dan if you do find a really good Tax accountant could you please let me know. Being based O/S my tax situation is a little out of the…[Read more]

Hello Everyone,

I’m new to this site and have found some of the forums quite interesting read. I’m currently working O/S, and have a few investment properties in Vic and the NT. Over the last 6 months I have been doing various research into properties for sale in WA, mainly Perth and would like to hear from others about long term unit…[Read more]