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  • Profile photo of god_of_moneygod_of_money
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    Profile photo of god_of_moneygod_of_money
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    Rather than ranting, can u paste the adv link from realestate or domain so that we can give u some feedback?

    Profile photo of god_of_moneygod_of_money
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    Bought in 2003 for A$44000

    What is your asking price?

    Profile photo of god_of_moneygod_of_money
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    Profile photo of god_of_moneygod_of_money
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    There is no demand at all  in Japan…. most of their population is suitable for nursing home allocation vs. high growth rate of population in big cities in Australia. Japan is habitably bigger than Australia due to excellent in transportation (i.e. Cityrail/country link vs. Shinkansen) and very low inflation rate or -ve inflation rate.

    Profile photo of god_of_moneygod_of_money
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    I have to resurrect this post again…

    >3 years since it was posted, the median price of sydney property has reached all time high….with the auction clearance rate is/was sitting on 75-80%

     The prediction from property experts through  many articles/comments published in APM/Residex/Domain/smh/Keen = FAILED!!! 

    So glad I bought one in Sydney  in 2010

     

    Profile photo of god_of_moneygod_of_money
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    I agree with jamie

    majority of stories featured in API/YIP are BS and more BS.

    Profile photo of god_of_moneygod_of_money
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    Option 4… Investec Bank will lend you 100% LVR with NO LMI

    Profile photo of god_of_moneygod_of_money
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    Hi Yellina

    It was done/setup through one of the MB in this forum few years ago

    My total portfolio value is ~ A$ 2 million with LVR << 40% across 3 properties.

    Profile photo of god_of_moneygod_of_money
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    Hi Terry

    Can you elaborate more about

    "they can earn over $20k pa and not pay tax for income received from a testamentary trust"

    I thought children < 18 can only earn up to A$416 without paying tax.

    Profile photo of god_of_moneygod_of_money
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    OR.. you can apply with Investec Bank product. 100% LVR on residential loan with NO LMI

    Profile photo of god_of_moneygod_of_money
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    it will cost you at least A$80 – 150k to build /convert to a granny flat. It is not cheap as so much Building regulation that need to comply

    Renting to students has pros and cons. You can google it or search in this forum

    I will stay away from renting each room to students. You also need to account for electricity (killer during winter) and water usage, high turnover, difficult to manage, wear and tear issue /higher maintenance, insurance, council issues etc

    Profile photo of god_of_moneygod_of_money
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    Mine is 4.88% with ANZ Breakfree package

    Profile photo of god_of_moneygod_of_money
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    Squiresy… it is a "scam"…however, steve did retract the statement later on

    Profile photo of god_of_moneygod_of_money
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    Terry, 

    Correct me if I am wrong.

    I thought that you can transfer 50% to your partner/spouse free if stamp duty in NSW as long as it is intended to use it as PPOR

    Profile photo of god_of_moneygod_of_money
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    The GC market has partially rebounded.

    The parklands will be transformed to commercial/residential (will be used for athletes to stay for Commonwealth games) precincts in the future. The new hospital has been built and new private hospital will be built soon with new light rail.

    My neighbor has listed his property (4+2+2) for >800k ; where I bought mine (5+2+4) 18 months ago with better waterfront view for much less. 

    Profile photo of god_of_moneygod_of_money
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    Simple, rather than your own observation, can you provide with more evidence based statistics from reliable source

    Sydney house prices reach all time high

    Profile photo of god_of_moneygod_of_money
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    Ahhh i cannot resist.  "help! want to become a property 'tycoon' but don't know where to start?"

    Profile photo of god_of_moneygod_of_money
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    I moved from Sydney recently to take up the job at Gold Coast University Hospital.

    I am glad that I am able to buy a waterfront house with the fraction of cost in comparison to sydney.

    5bed+3bath+4garage+2 level for ~A$ 720k waterfront house. I dont think you can get such a property in sydney.

    The whole parklands are going to be transformed to Athletes Village for the 2018 Commonwealth Games and the further development of the Health and Knowledge Precinct.

    1.73 billion GCUH + 300 million Robina hospital, expanding the griffith uni, new seaport terminal at broadwater, Light rail link, ?new casino etc will create ongoing sustain economy for GC. With the AUD$ falling, it will help to get the tourism industry going again.

    Most of the apartments at Surfers are well overpriced anyway.

    Profile photo of god_of_moneygod_of_money
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    Investec Bank…they waived the LMI for medical profession

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