Hi Ivan yes it is in Florida, remember hat commercial can be apartments once you have more than 5 its considered to be a commercial deal.

Yes I like to talk about what we do however a large part of our market is out of America not Australia. I would still look at Australia but it is difficult to get things to stack up

Yes it is important to keep reading and work out your strategy then get one thing right

The most important word in Property Investment is due diligence. Many who fail do s because they do not do this well. Many people who invest in property spend more time researching a blue ray player than a property.

It depends on what you are looking for. Many marketing groups are really just flogging property. However not everyone is like that.

I think that there is room for both a fund of the quality of the one Steve runs and direct investment. Some of the funds that have been set up do charge very large fees. Steve fund looks after the investors. I have always respected the care and research Steve conducts.

If I buy a large complex I may put a number of investors into the properties which gives them all direct ownership. With Steve’s fund it lets them diversify so both methods are good it comes down to the risk profile of the client wanting to invest.

I have at least one client who has invested in Steve’s fund and is very happy with his investment but also wants to buy individual property .

It all comes down to who you are dealing with.

• This reply was modified 10 years, 7 months ago by  Nigel Kibel.

I dont really have to justify myself to someone who has just appeared and appears to attack everyone. I have already placed a great deal of money in the US. I own a business there and we are also looking at development projects. My main reason for being there is to invest

The US market may not be a gold rush however it to me offers more promise than Australia at present. The fact that we can now borrow money again in the states means that our cash on cash returns are far higher than before and with solid growth now in the US economy I believe it will be the place to invest over the next few years however you do need to be selective.

One thing to be very careful about is that interest rates in Australia are at record lows. They will not stay at that level forever. They are more likely to head to 7%. It might be another 12 months before rates start to move but the will move up.

Now if rates move by 2% how will that effect your numbers. I am also of the opinion that they will bbe a large over supply of apartments in inner city areas around Australia. I think it is highly likely that we will see prices of city apartments fall over the next few years to consider carefully.

I am taking more and more of m money to the United States

The problem in Australia at present is that we have record low interest rates and an economy that would appear to be a little flat. So the question I would ask you is what is the capital growth like in the property you are reviewing because if it is poor as I suspect i will be what is the benefit of buying the property.
Also although it is unlikely that rates will go up in the new future if we look at the average even over the last 20 years rates have generally been over 7%. Many Australians have invested in Mining areas. Many of those have also lost money.

So if you are going to buy in Australia personally I would look at capital growth by buying near a capital city, perhaps an older apartment. Be wary of third rate arreas they may well fall again