It doesn’t come across that way to me.

I have no dog in the fight one way or the other, I think the fund has been a great win for the investors and the exchange rate probably delivered a better return than any investment into Aussie property by far.

It doesn’t come across that way to me.

I have no dog in the fight one way or the other, I think the fund has been a great win for the investors and the exchange rate probably delivered a better return than any investment into Aussie property by far.

Only concern is how long is the $A going to suck for as this is where the majority of the return came from eg will it still be at 0.70 in 2022?

Having said that……when I posted in Oct last year I had no idea China was going to be this bad…..so I think the $A will be down until 2017 at the earliest…..after that though….its a crap shoot.

Thanks all, appreciate the advice.

Yep what do you want to know? My wife and I are in NY but have bought IP in Sydney while here.

We used Amanda Bennett to handle conveyancing (see below) and our mortgage is through St George (we had existing IP mortgage through them though which made it easy).

Basically apart from one agent who refused to allow us to bid over the phone we’ve…[Read more]

@Barlow in our situation we aren’t worried about an offset as we always have at least one variable loan that we pay down each month.

If you only have one IP then how about getting a split loan with variable/fixed where the variable portion is equal to the amount you think you will be able to pay off in the next 3/5 years + an extra 10% for if you…[Read more]

There probably isn’t much upward risk (well not more than 2% up) in the next 2-3 years so you are probably ok not going the 5 year fixed.

This being said I always prefer to fix for 3-5 years as it helps me sleep at night :)

Our last IP in Sydney was fixed for 5 years at 4.59% until July 2020.

I only wish I could get 30 year mortgages in…[Read more]

What were the water issues Goulburn had an how did they solve them?

What are the current yields on these rentals in Goulburn?

Is there really a big demand for rentals in Goulburn eg if you did find an older house that you wanted to “landbank” for 20 years or so and wouldn’t Canberra be too far a daily commute in that time eventually?

@Barlow,

12 months is a pretty short timeframe (eg when compared to a 30 year mortgage) plus in Australia you can get pretty reasonable rates for 6 month CD’s etc (well compared to here in the USA where its literally 0.1% for most deposits).

Put the money aside in an account (eg don’t leave with general savings where it will get spent….) and…[Read more]

Only applicable to new York but http://www.streeteasy.com has a great feature how you can see what properties are listed for….and what their previous listings/sales prices were.

Only applicable to new York but http://www.streeteasy.com has a great feture how you can see what properties are listed for….and what their previous listings/sales prices were.

10 year House capital growth in Sydney 7.11%
10 year Apt capital growth in Sydney 6.28%
(as of Nov 2015)

So basically pick any number above this…….

@Corey, thanks for the tip. Interesting thinking….wonder if it will cost NAB some profitability…..

BTW is it just me or are other people really missing the Thumbs Up/Thumbs Down feature :(

@Jason

….the best deal around capital gains tax here in the USA is

“qualifies for exclusion of $250,000 gain ($500,000 if married filing jointly) if the following is true:

•You owned the home and used it as your main home during at least 2 of the last 5 years before the date of sale.

So basically every 2 years you can make $250/500k in c…[Read more]

@DT yep the PM did give me the same advice as you…..I’m just checking in for advice with the group if there is something else we can do :P

And yes in hindsight maybe we should have chosen otherwise, though not sure as at the time made sense as didn’t want to be in a situation where we had two properties empty.

Plan is now to wait until…[Read more]