Hi JS,[]
yes, but but may be subject to conditions determined by nationality status with both parties,see http://www.firb.gov.au/content/default.asp and click on freq asked questions
Regards
Bryce Inglis
Hi Dorthy, []
1. Check if you can obtain a loan for relocatables. Wait for a mortgage broker to answer this question for you.
2. On the investment front you first start out with a budget. This has a lot to do with your investment strategy. You need to consider is it to be cash flow positive or capital growth with a negative cashflow? What…[Read more]
Hi Caddy222,[]
you have made a good comment about supply and demand.Here in Melbourne the situation with oversupply of high rise has reached a point where the banks are limiting lvr,s or not touching high rise at all.
I didnt touch on the subject as prop16 didnt specify that its a high rise.
Hi Ash,[]
There are rules regarding the purchase of property by non residents set by our goverment. They are listed at the foreign reveiw Boards website at http://www.firb.gov.au/content/default.asp
At the moment Melbourne has peaked in regard to capitol growth. If you contact me on the email address below I can send you a copy of our news letter.This…[Read more]
Hi prop16,[]
This is not a good deal
For that sort of outlay you woud be better off buying a new house and land package as it is the land portion of a property that appreciates.
When I see offers with terms like 4×5 yr leases or rental gaurantee I am very suspicious as they are the ploys used by the 2 tier marketing scammers who use them.These…[Read more]
Hi caz,[]
Just some general advice.
Separate ideas into those that cause more work for a tennant, ie spa,swimming pool and those that simplify their life, ie woodchip on garden areas.
If there are fittings which are old fashioned replace them, ie lights.
Concentrate on modernising bathrooms and kitchens
Hi Alf,[]
The main reason to keep a property is that is either an appreciating asset or is a scource of income.Risks with property are quite low so the main reason to sell is your financial position,unless of course you have used value adding methods such as renos or wraps to flick on when finished.
I can help you with an analysis of your…[Read more]
The book “Confessions of a Real Estate Agent” will answer most of your questions.It is written by Terry Ryder and I prefer it to Jenmans book “Dont Sign Anything”.
The Real Estate Institutes main concern seems to center on the protection of their members.
Hi Sjs[]
This can be quite profitable if you convert the zoning to townhouses. This should raise the current property value of the project by a factor of 1.7.(instead of finishing up with 2 houses you could have 5 townhouses.] The council could give you access to a town planner in order to do this at a later stage.
First you must do a…[Read more]
Hi everyone,
After working a lifetime in electronics as a hardware technician, from the days of black/white TV (Monocrome to the initiated), to the latest where as production manager I designed and built the in house movie systems for international hotels. [][]
I started studying the property market 4 yrs ago under the mentorship of John…[Read more]
Hi Banner,[]
If you diversify your portfolio and invest into different areas, risks are minimized, whether or not a mix of positive and negative geared investments are used.
One area of Australia will always be at a different part of the timing cycle to another.
Research together with a SWOT analysis should be carried out prior to the purchase of…[Read more]
In order to purchase a good investment, capital growth and/or positive cashflow is required.
As land appreciates and buildings depreciate, it is hard to justify good capital growth due to the lack of land content in an apartment [unless it is somewhere like Toorak].
One of the reasons positive cashflow occurs is where there is a…[Read more]
Hi Andrew,[]
New properties have maximum depreciation and repairs are minimised.You can choose the area to build in order to acheive maximum capital growth or cashflow according to your needs.You can also look at areas to minimise vacancy rates. High rental yeilds can be acheived by purchasing in an area at the start of the growth cycle.
I am sure…[Read more]
Hi Diamond Gus,[][?]
You need to get back to basics. To start with identify your goals. What do you want in the short, medium and long term? Which is more important to you, tax reduction, asset growth or return on investment ie cash flow? Are you an aggressive or careful investor?
After these questions are answered then strategies can be…[Read more]