Forum Replies Created
Hi,
according to my recent trip to a couple of investment company, they will recommend the unit at 5-10km of CBD instead of house at 30+ km out of CBD. From their experience, the capital growth is more for unit at 5-10km of CBD.
they are trying to convince us to invest these sort of property too.I think this is a good article to read.
http://www.propertyupdate.com.au/articles/239/1/A-straightforward-guide-to-property-investment-strategies/Page1.htmlcheers !
thanks for reply Robmuller. One of my IPs is in WA, near Curtin Uni and looking for someone specialize in Student accommodation. cheers !
just curious why sell now ? Isn't Mel market is on the rise ? we want to go in to buy more instead. cheers !
Which state r u interested in ? anyone specialise in Student Accomodation in WA. ie Curtin Uni. ?
Hi Regina,
thanks for the idea. yet to digest your sharing.
cheers !
Hi PropertyPower, thanks for your sharing.
Hi Ming,
It depends on what your plans are – how long can you keep servicing the negatively geared properties? Are you closer to retirement and therefore need some cash flow from the properties?<Ming> We still can service 10 yrs from now to those -ve geared properties.
We are targeting to retire in 10 years time (from now).
We do not mind some cash flow from properties. As a matter of fact, one of our consultants who review our investment portfolio suggest us to invest something to reduce our debt. one of the method is buy off plan and sell it for Quick profit and help to reduce debts.The other thing is, at 60% LVR, your properties should be getting close to cash flow neutral to positively geared.
<Ming>yes, u r right.
Make sure your are getting market rent for your existing properties.
<Ming> I am not in Aust to monitor the market rent. I have to leave it our proprty manager to manage for us. thanks .Personally, I will go for a cash flow positive property next. This could be a block of units or some property in a growing regional town.
<Ming> Thanks for the sharing. We have been looking for block if units since begining of this years. Todate yet to get one. We have to be selective, this is because the bank will lend low LVR, meaning we have to come out more cash.Alternatively, you can look at investing the $60k into high return fund (>20% return) and use the returns to offset the negative cashflow from youe existing portfolio.
Hope this helps.<Ming> thanks for sharing another option to us. We have Null idea/knowledgw about fund. Too scare to lose the hard earn $$ in fund or share. It is more stressful than property investment.
cheers !
Hi Jon,
We are very conservative investor and NOT experience in investing.Todate we still do not know which of the following is the best option for us. Our Goal is to have 10 IP in our investment portfolio ie wait for 10 to double and pay off 5 and leave 5 debt free IP for retirement OR Aim to have 5 debt free IP for retirement. That is our goal. We have 10 years (starting from now) to archive this. WE try to find out more detail about each of them.
1. Country/Regional investment with + or neutral cash flow ?
I spend lot of time to read out all the past thread about country investment, so far most of them are negative. Thanks indeed for the valuable sharing by those who invest in Country region.2. buy multiple units for cash flow investment ?
All the while we have interest in this investment in view of multiple income. But this kind of properties mostly are in the regional area. Recently there is 4 units under single title at Cowra asking 400K+. Have a mix feeling whether should we put 400k+ into regional or 400K+ into capital city especialy in view of rental demand. Yet to confirm whether is there a rental demand at regional area.3. more -ve gear property in rising market state ?
We are trying to invest more in Mel as Mel's properties are still affordable to invest.
At the same time, we also looking at Sydney. A few consultants that we met reckon we can still wait for another 18-20 months (meaning wait for another 18-20 mths before we invest in Sydney.)4. buy off the plan properties?
yes, have seem a few consultant about that and there are many projects to invest. including oversea.5. buy units/apt ?
Yet to breakthrough our mindset of investing in units. we do not like to pay maintenance fee or sinking fund.In conclude we are no risk taker, no concrete decision yet, which of the above item are the best option. still doing research and all of your feedback are valauble to me, thanks indeed.
Dear LA Aussie, Bob Andersen, crj,Mortgage Hunter,Nigel Kibel, Jon and others.
Thank you very much indeed for your time and valuable sharing, we will definitely think about it again. So far we have not sign any contract yet but have a few blue chip projects (including Malaysia, Bangkok and Vietnam ) to consider. (of course this include Australia which is my preference).
With appreciation,
MingDear All,
Really appreciate indeed for your valuable sharing. Those blue chip properties are units/apt and we are looking at at least 0.5M for 2 bedroom apartment (no water related ) in raising/merging market at city. We have this professional consultant to look into our investment portfolio and advise us this strategy. We do not have unit/apt under our portfolio. We are extremely conservative in our investment and yet to breakthrough our mindset of investing in units. We are very concern of outgoing cost especially the strata/corp cost. We are not living in Aust to feel the market sentiment and also lost touch with local demand. The only source of info that we try to get/research is from this forum (thanks for the generous contribution, it is excellent !!! )and Realestate web site.
According to this professional consultant, the CG is higher in those blue chip properties compare to sane value of land+house properties say 20-30km of city. We are caught in the situation whether to bit the bullet and go ahead to invest as they are professional in this line and they should know what they are recommending their client. Are we too scare to take out the risk and try out the new strategy ? shall we take a step to breakthrough our mindset and try something different ?
We lost 5K in our deposit when we booked a 1 bedroom apt at dockland last year. We lost our deposit due to we chose not to proceed our purchase. We still remember our tuition fee for this lesson.
Now, We are still debating with ourselves whether 'go' or 'no go' for unit/apt investment esp buy off the plan. We went for another marketing talk this afternoon, again they are selling buy off plan units/apt…not sure why they are promoting this beside
1. low cash involve ie 10-15%
2. no stamp duty
3. good depreciate in view of tax claimIt is a tough decision to proceed especially we are not experience and too scare to lose our hard earn $$. (yet we want to grow our portfolio.)
thanks all for your kind attention again.
Cheers !
MingHi,
some update from Singapore ! fyi. cheers !
S'pore housing market heads for correction
http://news.asiaone.com/News/AsiaOne%2BNews/Singapore/Story/A1Story20070914-25469.htmlDear LA Aussie,
Congratulation on your book !! Is it out in the market yet ? I would like to get one as a gift for my friend who plays golf in Sydney. I am indeed proud of you ! Excellent piece of work.
Though I am not a Golf player, I spend a few hours to read through what is being public in http://www.whydoislice.com – It is very interesting. I am sure it is useful for those who play golf.
Well done !!
Cheers !
Hi,
I put 5K deposit for 1 bedroom apartment at 360K last year Feb. This is marketed by local (Singapore) property company. The sale man is Hong Konger. There are few such project market in Singapore by local company here !!
I went back to check realestate web site that night and discovered that there are so many units for sale at dockland, with 360K, I could also get 2 bedrooms instead of 1 bedroom. I went back to clarify with them the full harbour/water views with yacht, the cheaper resale unit at the net, …etc there are so much discrepancy . I decided to call off the sale.
I was told, i will lost my 5K deposit unless i find another replacement to buy my unit.
The whole episode is very unhappy and in the end I lost 5K to this company.
This 5K is my painful lesson or tuition fee and have ever since stay away from this sort of sale by local company selling foreign property.
I went to visit Mel in Feb 2007, the first thing i did was to visit this project at dockland and till today never regret it ! It is worth it for me to lost 5K instead of incurring more cost…….
There are so many project at dockland area…..watch out for the maintenance fee, bank loan – max up to 60% , even today they are (bank)still advise me be very mindful about investment in apt in CBD area and also area less than 35sqm unit.
I have IP in Perth and Mel but none of them is this sort of unit. somehow i feel very uncomfortable about this sort of unit.
just to share my experience in one of the project in dockland.
cheers !
Hi Jon,
thanks for your prompt feedback. cheers !
Hi,
Property in Singapore has gone crazy. It is so expensive.
Investors are confident due to 2 casino will be ready in 2009.
The uniqueness of Singapore properties investment is, it is very government dependent or control.
I personally think now is not a good time to invest as the price has gone up too too …high.
cheers !
Hi,
Consider Frankston, the capital growth should be there ! Good suburb to invest.
cheers !Hi,
Consider Frankston, the capital growth should be there ! Good suburb to invest.
cheers !Hi,
I subscribe both API and Your Mortgage. looking forward to receive them every month. Great magazine.
cheers
Dear Marc,
Thank you very much indeed for your reply.
You are indeed very generous in sharing your knowledge and thought.
I have read most of your reply in other topic, you are very well verse in investing suject.
I know who to look for advise if i need one. thanks in advance !
Cheers !
Dear Cherry,
We just has a conference call with Paul, seeking his professional advice to look into our investment portfolio after the latest addition of IP through him.
Now, his team is in gear to find another IP for us !!
here, just note to keep you updated, how committed is my BA is.
I have definitely find a right BA.
yes, I will recommend Paul (from We Find Houses) to anyone !
cheers !
Dear All,
yes, Agree wholly with Alert, they have good and dynamic list of properties.
The only regret that I have is not enough $$ to buy enough …….
Paul has excellent negotiating skills, communication, committed service and focus.
don't procasinate and give yourself a chance to call Paul if you need a BA. cheers !
Paul Wilson
We Find Houses – http://www.wefindhouses.com.au/.
P: 1800 600 890 – Toll free number or his office # 363447776 if you call from oversea.
M: 0414 987 140 – his HP #
