Thanks Richard!

How would it compare to North Lakes? I’m looking at a 4 bedder on a 450sqm block, asking price is 535k built in 2010, in Warner really close to Eatons Close though. VS the same in North Lakes…

Any thoughts??

Thanks

Hi There,

Just in case anyone is interested in buying property in Dubai, you are able to get finance from RAK Bank in the UAE. You are able to get up to 25 years mortgage (up to 65 years of age) with 30% deposit. There are a few other T’s and C’s but if you’re interested just thought I’d post this info so others can follow up on it themselves.

Also, big thanks to Michael (shape) thanks for getting back to me, you’ve been really helpful.

Cheers,
Lora

Hi Michael,

Do you deal with overseas mortgages, would it be possible to contact you via email to go into more detail?

Thanks,
Lora

Great,

Thanks will email you now!

Sold,

Next question, any recommendations for a mortgage broker?

Hi Sue,

Thanks very much for those questions, gives me a lot of food for thought.

All properties I intend to buy at this stage are for investment purpose only. I’m not planning on renovating or developing at this stage, so would be looking for properties that are pretty much ready to go to be rented out. I would like to achieve a portfolio of various properties that are owned by me and rented out. My main goal i’m looking to achieving is to NOT overpay for properties. I would ideally like to pay under the market value but on the market value is fine as well. Time frame is the 10 year mark. I would like to have paid off the said properties within that time, and be earning money off them.

I currently have no hands on experience in the property market as I’ve spent most of my time/money on the share market, but since I’m looking to diversify and find property a great way to do so I’m getting ready to get started.

I am not limiting myself to only houses or units, I’m looking into buying a mixture of all.

The things really that I want to make sure I can check before purchasing is that the property is in good condition, I’m not overpaying for the property, is there a rental market, what is a reasonable price to pay for the property, and what is the likely hood its going to go up in price?

And if anyone can think of anything else that should be added to my list please do

Thanks

Thanks Adrian!

Any other feedback on the area? does it have any problems I should know about before buying there?

Sorry another question for both Richard and Illuminati (or anyone else as well)

Do you have any recommendations on where to look for properties in the areas you’ve suggested (i.e websites, particular agents etc etc)? Or are you able to recommend any professionals in the industry who are able to assist?

TIA

Thanks for your feedback illuminati.

I actually don’t have a specific idea of what I want in terms of what type of property. I’m looking to buy a few properties that can be rented out fairly easily, and may have some capital growth over the next 10 years.

I am trying to start building a portfolio of properties, so would be happy to buy a mixture of things and diversify as much as I can.

Do you know if Elizabeth has any signs of improving from being dodgy? Also, since you’re looking in the area would you have any ideas of where would be considered safer for renters? And last but not least, would you say you could get a decent 2/3 bed for around 200k?

thanks again, I really appreciate your help