Two things
Firstly, sorry to anybody who took offense to my other post. I was just trying to make a point but it seems to have missed the mark. My apologies if so. However I do believe there is a very unpleasent element in Wagga that would make me baulk at investing there without really looking at the specific suburb.
Either way I do not believe…[Read more]

Kay
Did you read my post before writing yours or after? If after then what do you think of what I said? Was I too harsh and neg or not?
Also TeacherK6, forgot to say that I got those growth figures from the book “Property Investing for Lifestyle” by Tim Hewat

Hey. I would love a copy too.Thanks
dl_gleeson@hotmail.com

Hey. I am from Lockhart which is about 40 min drive from Wagga. It is our main provincial centre. To be honest I dont believe Wagga is the way to go. Price growth in Wagga from 2000/2001 to 2001/2002 was 28.1percent which was the highest in regional NSW with Queenbeyan second with 19.4 but over the same period it had negative pop growth which is…[Read more]

thanks heaps terry.top idea

Your right the building standards are a factor, particularly here where they had the earthquake in 1995. Think they lifted their standards after that, here at least. Will have a look and see if there is any obvious increase in prices for properties built after the quake. Cant see myself getting a loan from my company as I dont have one. I just…[Read more]

Huey, I am also here in Japan but am an undergraduate student who is just working part time. The others are right about it being very easy to get an english job in Japan and the best way being to do it from oz. Try typing Japan in the search on careerone.com or seek.com and you’ll find that three quarters of the jobs there are english teaching and…[Read more]

I agree with you that hidden costs would be the worry here, particularly due to the language. I would also want to find some good research material hopefully in english before going anywhere. I also agree that for cash flow rather than capital gains this could potentially be a great situation with such low interest rates and with good cash flow…[Read more]

Terryw, I must admitt I am a bit surprised by how cheap your place is in Osaka. I am not disputing the price I just didnt realise how much the market has come back since the bubble. What I know about the market is just stats from the bubble and stuff locals have told me about it so it is not really that up to date. And the current prices I have…[Read more]

real estate investing in japan is very different from the standard australian concept of investing. This is because the prices are so high. During the real estate bubble which burst in 91 the aggregate value of all the real estate in Japan was worth 50% more than the rest of the world put together.prices have gone down alot since then but i think…[Read more]

hey
my japanese is ok i guess but not great. i came over here knowing nothing and just had a one year full on course where we covered heaps of stuff. we did about 1600 kanji in 12 months. now i guess it is reasonable conversational. definitely not business level but can hold my own with most people. my degree is just a standard economics degree.…[Read more]

i just saw an ad a while ago for finance from japanese banks for investing in real estate in the US, UK, Aus and i think NZ. I didnt take too much notice because i wasnt really interested then.was maybe about the end of last year. dont know if it is just for japanese people or what.have heard from somewhere that u can be a foreigner but must be…[Read more]

Am from near Wagga Wagga although went to school in Sydney and have come straight from there to Japan. Am at Kobe uni doing economics. I am here on a 5 year program and have done 2.5 of those years. Teaching on the side to save some cash to take home and invest. I am only 20. A bit young but gotta start sometime. First got keen on investing after…[Read more]

When I said that interest rates would rise I was talking medium term. Lots of real estate commentators seem to think that there will be a change in the stange of monetary policy stance to contractionary in about 2 or 3 years. Have heard 2006 mentioned more than once although that is not much more than a stab in the dark. Entelechy was correct…[Read more]

Thats true I guess. It would affect property both ways. It is just that the whole idea of negative gearing to me seems to be the tax deduction. Take that away and people are just left with a plain expense(as apposed to one they can trick themselves into believing is something else!). But yes getting rid of the deduction would affect pos geared…[Read more]

Just to continue on from what I said earlier, what does everybody think will be the future of negative gearing? I dont mean for investors but rather legally. I believe Australia is one of the few western countries that still allows the interest to be deducted from income for tax purposes(am not certain of this and welcome correction) and I was…[Read more]