Lol irony on timing…. this was in my inbox this morning :)

– https://foragerfunds.com/bristlemouth/loans-in-a-zloty-trouble/

lol at “for profit” comment….ok maybe not that basic.

what I’m trying to understand is how is the ANZ bank able to offer 5 year in Singapore when the same term mortgage here in Australia is about double that.

Every second article I’m reading about Australian banks is claiming their cost of borrowing is jacked and going up so much that they…[Read more]

yep also mystery shopped my property managers when we had a vacancy, just setup a fake gmail to send it from and then checked to see response.

trust but verify.

Can you provide more of an explanation as I don’t understand what you are proposing there.

Also I understand that there may be some variation in cost of borrowing based on RBA/Fed etc for variable but how can it be that different for a 5 year?

Can you provide more of an explanation as I don’t understand what you are proposing there.

Also I understand that there may be some variation in cost of borrowing based on RBA/Fed etc but how can it be that different for a 5 year?

I’m an Australian but live in the USA.

St George restricted us to a LVR of 70% to cover currency variations for our Australian investment properties but apart from that is the same as applying for a loan when we lived in Australia eg pay stubs, letter of employment etc.

Yep some of the people who responded when I posted to http://www.Facebook.com/LivePoliticalChat commented around California milking property owners dry.

Anyone who thinks that “Land tax” will stay at 5k a year needs their head read, it will be a major cost factor if stamp duty is abolished…..death by a thousand cuts each and every year

Very true, very true…..daughter could die as well though :P

@Terryw but that only matters if he is planning on selling.

@Rob, just buy it in your own name, yes you don’t get 50% cgt BUT you will get a pro-rata based on how long you live in it yourself eg if you buy and then move there in 10 years AND live another 20 then you will get 2/3rd of the 50% CGT
(lol that’s IF and its a big IF the 50% CGT is in…[Read more]

@Terryw but that only matters if he is planning on selling.

@Rob, just buy it in your own name, yes you don’t get 50% cgt BUT you will get a pro-rata based on how long you live in it yourself eg if you buy and then move there in 10 years AND live another 20 then you will get 2/3rd of the 50% CGT
(lol that’s IF and its a big IF the 50% CGT is in…[Read more]

Its a US taxation term, not applicable in Australia…..
(though interestingly…..if you live in the USA and your investments are in Australia…..doesn’t prevent you from classifying as this :)

Same with I always find it funny I can depreciate Australian property against USA taxes even though same depreciation doesn’t apply in Australia…[Read more]

That would make sense but elsewhere it talks about rents being up for the year…..

I was thinking afterwards maybe the word ‘yields’ was missing but that’s not even right as on a sales price yields were down.

Just feels like ‘all PR fluff’ no responsibility these days.

Words have meaning ;)