Hi Sonic

Finance is available at good rates in the 5s % in Florida for residential property and across America for commercial property which will include small apartment complexes. On commercial we can achieve at least 60% funding with higher amounts on more expensive property. This is a growing sign that things are getting better.

Personally I would wait to you have the funds even when banks approve loans if there are delays they can ask for current bank statements so if it is just a few weeks I would wait. Once you  have the money it will only be an issue if you cannot repay it.

Look at lot of people here talk about positive cash flow however the only way to do that is buy in a mining area, develop property or renovate to improve the value of the property

However the only way to create wealth in real estate is to look at capital growth. The better the capital growth the more your wealth will increase. So you can look at…[Read more]

Firstly you intend to live in the property, it seems well located and a reasonable price for the area. So if it is your intention to live in the property and the price is right and its in a block of only 8 and spacious.

Can it be improved at all?  Or is it renovated?

Certainly if I was starting again I would rent and buy an investment property.…[Read more]

To me it is important that it is not a matter of buying a cheap apartment or an expensive house it comes down to what you can afford.

What you need to do is buy a property that is going to provide you with the highest level of capital growth. That is the only thing that will create wealth. If you buy cheap apartments the question is how can you…[Read more]

Hi KTG 

The problems with these areas is are what we call boom and bust areas. A good friend of mine was doing a major land development prior to 2008 in Coomera and still own it. My point is you can buy well there at the moment over the years I have brought and sold properties in the Gold Coast but you have to be careful.

Personally I would buy…[Read more]

Personally I would buy an investment property and keep it separate to your current situation. 

One of the benefits of investing this way is you are not just restricted to investing in Western Australia which means that you can invest where you deem will provide you with the best capital growth. That's the great thing about being an investor you…[Read more]

Thats still $120,000 for no growth and a low return. We develop property for investing that sort of money you would make $36,000 without having your money tied up in a second rate investment. Or use the $120,000 and then the $36,000 to buy a property to renovate or just buy a high growth property. The over $150,000 that is going to make the…[Read more]

I accept that the cost of living here is high but then again so are wages compared to the UK or the United States

The other issue which is important and that is the property market in Australia is worth around 700 Billion a year and the vast majority of that comes from owner occupiers. In other words lets say a house that you own is worth 1…[Read more]

Hi Mattsta

I agree with you prices will start to rise soon however I am convinced the strong growth will be in Brisbane. So you have to look at the opportunity cost. If you sell and buy especially in a suburb within 5 km of the city center how is that likely to perform over the next 5 years compared to the Sunshine coast.

Try Mory Kalkorp from Guest accounting on 03 95097033 they specialize in property infact Mory is an independent director on our development projects. They know there stuff and would be worth talking to. 

This is often something you see from Accountants and certainly financial planners. The problem with accountants they are often not property specialists and can put you into crap just because they are receiving a fee

Hi Antonio

Firstly the population of the United States is around 315 Million not a billion and secondly most of the $40,000 properties will have little or no capital growth.

Investing in the United States is a specialized area and requires a lot of research and careful planning and more importantly whether you are successful or not will often be…[Read more]

Nothing ever really changes back in 1990 I worked for a property developer. When talking to the banks as we did on a regular basis they told me that if they had to call in all the loans that were behind some areas would have had 30% of the properties foreclosed.

But the real numbers will never be known because unlike the United States most…[Read more]

I agree with Jacqui

Studio apartments are a bad investment if they are in Cairns then they are a bad investment in a bad area. Whoever is recommending them I am sure is making a big commission. I think you would be throwing your money away. The market is at the bottom it will take time but there is no need to rush. 

My view is if you are looking for a long term investment I would buy the property that will provide you with the greatest capital growth. Although the new property may give you better tax deductions it is important to remember that you are paying for this when you buy the newer property, so to me go for capital growth because that at the end of…[Read more]

It certainly shows that the resources boom has a long way to go and will also help Australia with oil for our economy for years to come.

I tend to use AAMI because on building insurance they do full replacement cover so you do not have to worry about being under insured. 

Many Australians in the past have been underinsured which has left people under insured by thousands in  some cases. Also stick to the major insurers my experience is that they pay out

I believe that as the US comes out of the GFC it will create great opportunities. However it is still important as to what you buy. A $40,000 property in a slum will remain a $40,000 in a slum. Many Australians will have lost millions in the US real Estate market the problem is that most of them just don't know it yet.

Personally I am looking at…[Read more]

If i was starting today i wold rent rather than buy and purchase investment properties instead. There are a number of advantages firstly they will take 80% of the rent into calculations when buying an investment, so you can generally afford to buy a better investment than you could afford to buy as an owner occupier. This of course often means you…[Read more]