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  • Profile photo of ness1474ness1474
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    @ness1474
    Join Date: 2008
    Post Count: 8
    January 7, 2009 - 11:19 pm

    Thanks for your help guys.

    I knew I needed to get professional advice with these figures, but thought there might be a 'standard' figure to help crunch the numbers quickly initially.

    I have a good accountant and am in the midst of choosing a mortgage broker – I see that Choice Home Loans seem to be a popular choice?  Any suggestions or recommendations? 
    Also, can anyone recommend a good quantity surveyor in the Brisbane region?  I can just go to the Yellow Pages but would prefer recommendations.

    Once again, thanks for your help.

    Cheers

    Profile photo of ness1474ness1474
    Member
    @ness1474
    Join Date: 2008
    Post Count: 8
    January 7, 2009 - 12:58 am

    Hi Hawes

    I too am interested in investing in Panama.  Have quoted Chief Wigams reply as I have the same questions.

    Cheers

    Chief Wigam wrote:

    Hi Hawes,

    I would like to take up your offer of understanding the property market in Panama.

    I know about the planned expansion of the canal as one good reason to invest there.

    With the high AUD:USD rate, it is attractive.

    What do you think of the Essenza development in Costa Del Este – this is an area that is booming and is full of new developments. How does it compare to other condos in your view?

    It is tailored for medical tourism, retirees and general residential, so a "mixed" use. I have been told this mixed use is uncommon so gives the condo a uniqueness.

    Is it better to concentrate my search for condos in Panama City?

    I know the market there has rocketed in recent times. Is it too late to look at buying for investment purposes?

    As there are lots of new developments coming on line, will there be an oversupply in Panama?

    I know your posting is quite old now, but if you are still active in the market, I'd be interested to hear from you.

    Profile photo of ness1474ness1474
    Member
    @ness1474
    Join Date: 2008
    Post Count: 8
    January 7, 2009 - 12:52 am

    Hi

    My query is – how do you purchase property overseas when you don't have the opportunity to either check out the properties first hand or even know what areas are good to purchase in?  ie high growth areas etc.

    I am keen to purchase OS but am hesitant …….

    Profile photo of ness1474ness1474
    Member
    @ness1474
    Join Date: 2008
    Post Count: 8
    January 7, 2009 - 12:39 am

    HI
    I saw in the latest issue of API an advertisement for "The Village Coconut Island – Phuket Thailand".  Guaranteed rental returns of 7% over 4 years and capital gains of up to 15% per year.
    Can anyone give me a heads-up on this?  Anyone with any experience in buying in Thailand – if you could lend a hand I would appreciate it.
    Being a novice investor, I am naturally hesitant to invest OS, but if other people have good experiences, I am willing to give it a go.
    Cheers

    Profile photo of ness1474ness1474
    Member
    @ness1474
    Join Date: 2008
    Post Count: 8
    January 7, 2009 - 12:30 am

    Hi

    I too am keen to invest in property in France or Italy.  My dream is to actually live over there part of the year each year and then let it out as a holiday rental in their high season.
    My accountant has property in Italy and I will be discussing this in the new year with him. 
    Let me know what else you find out.
    I agree you can get good properties ready to rent out for similar in price to here.
    Cheers

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