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Whilst its not an elegant solution, and possibly more effort than its worth.. you could sell the 470k property, pay out the $60k owing, purchase another rental/investment property at an LVR of 80% or 90%, and use the remainder of the proceeds of sale to reduce the current loan on the investment property you moved into. This would allow you to claim the majority of the interest your paying against your new rental property.
Hope this helps![/quote]
very costly exercise…
You won’t be able to get a house with 250k @ liverpool
the cheapest around 350kprefer freehold shop…
residential upstair
with the commercial/shop downstairRichard
Seems like your reputation going up and up from this forumRichard
Seems like your reputation going up and up from this forumHow do you build a new house without a construction loan?
do you have enough CASH?What happen if you can't afford to pay the mortgage? mortgagee sales/auction.. another option
it means that our economy is booming…which is good and bad for property buyer
hehehehe
Therefore, you need a high quality and loyal customerwhich dude?
To my knowledge, I don't think anyone had predicted GFC… only in retrospective
He or she would make zillions of dollars if can predict the GFCReserv,
Don't be too greedy… you are losing 62k + stamp duty if u can't settle
Abu Dhabi, United Arab Emirates 7.54 Amsterdam, Netherlands 6.24 Bangkok, Thailand 15.96 Barcelona, Spain 13.62 Beijing, China 22.29 Chennai, India 61.15 Delhi, India 19.57 Dhaka, Bangladesh 5.03 Dubai, United Arab Emirates 8.67 Jakarta, Indonesia 12.47 Kuala Lumpur, Malaysia 11.27 London, United Kingdom 14.73 Madrid, Spain 16.99 Melbourne, Australia 5.3 Moscow, Russia 27.69 Paris, France 16.45 San Francisco, CA, United States 8.24 Seoul, South Korea 16.29 Sevilla, Spain 16.88 Shanghai, China 20.68 Singapore, Singapore 14.35 Sydney, Australia 6.7 Tokyo, Japan 11.64 Toronto, Canada 6.03 fWord… you answer your own question….
conclusion.. still CHEAPIE property in Sydney and Melb
But
180k… yes HDB housing… crampy small same as housing department in Aussie (But you can stay for free in Aussie)SELLL SELLL SELL
BUYYY BUYYY BUYYYIt is all media propaganda
KY,
I totally agree with you. I have to camp outside once… CRAZYY!!! but REAL
(see my previous post)vote me to become a PM
DWolfe.. I bought ONLY ONE in SYDNEY this year..,
not the cheapie in the small rural town though
To be honest… I don't think property in Sydney is cheap if you compare historical price. But with international peers, it is still reasonable.No doubt that I am also afraid of housing buble.. but what to do with $$$ sitting in the banks. Give it to charity??
FWord.. the HDB in Singapore is not that cheap 250k..My auntie just bought 1bed+1study apartment in Singapore behind Orchard rd for 800+k. If you want to buy a house (with land title), it will cost at least 3-4 millions
just a valuer to vaue it
or pay for RP data report – desktop valuationAgree…
Not such a free lunchI STILL don't get it how they measure the property price based on the average annual income of 4x.
It is damn cheap median price if ONLY 4-5x of average annual income.Let's compare the median property price in SINGAPORE/ HONGKONG/ KUALA LUMPUR/CHINA etc… their median price is 10x more than average annual income. The property with land in Singapore will cost at >3-4 millions (with average income ~35-40k/annum).