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  • Profile photo of madankumarsmadankumars
    Member
    @madankumars
    Join Date: 2003
    Post Count: 5
    December 5, 2004 - 9:33 pm

    thanks for your valuable comments guys.

    i’ll be really helpful to know whether buying the first property as an IP is good idea…

    ..and the advantages / risks of showing the equity in the IP to fund the second property where i will be living in..

    Also is this a good time to buy an IP? if yes, then i am ready to take the plunge to buy, so will be happy to hear from anyone who is interested in striking a deal.

    cheers

    Profile photo of madankumarsmadankumars
    Member
    @madankumars
    Join Date: 2003
    Post Count: 5
    March 4, 2004 - 9:43 am

    Mel

    thanks for responding. The Foreign Investment Review Board(FIRB) provides permission to us foriegn expats to buy property in Australia.

    I found out that we can buy only off-the-plan properties as an investment. second hand properties, if bought, must be lived in (that is not possible for now).

    could someone kindly give me a guidance as to whether this is the right time to buy off-the-plan properties in sydney?

    thanks

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