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Thanks guys
The Agent apologised and said it was a clerical error. Wheather or not this was the truth, the ad has been changed. Ill give the agent the benefit of the doubt ?!?! Just out of interest he is charging 4.5% plus vat. The property is under $150,000. These fees seem to be high but i would like a second opinion.
ThankyouHi DLPP
The company was called Shanghai Vision and their website is http://www.shanghaivision.com
I havnt had the chance to look any further into it at the moment due to other purchases but have taken note of the comments made.
Hope this helps
PgrimWell its been a while since ive posted here but i may have something to add to this discussion. After living in Aus for 8 years and investing in NZ i have found myself married and relocated to Dublin Ireland. I found the university in Dublin (UCD) ran a course call “The Property Ladder” at 150 Euros for a 10 week course. So i thought it would be intersting, and it has been.
The interest rates in Ireland at the moment are about 3.2% a considerable amount less than NZ or AUS. Capitol gains has been going gang busters for the last 5 years but things are starting to slow up. When i look around for a home to buy in a good suburb i will have to pay about 450,000 Euros. The most interesting thing about the course is that each week we get speakers from different areas pitching for buisness in their respective countries.
Bulgaria – seemed to me to have run its course. It has been a major place for british and irish funds for the past 5 years and growth is starting to slow and a rental return could be about 6%, so with other factors i crossed this one off my list.
Turkey – Well the UK have been investing here for a while now and capitol growth is strong, but i think you have to get to know the area and really do your research. It is a place im considering as i have a few contacts who have purchased here and done very well.
Shanghi – they have a major expansion program that began in 2000 to last 20 years. Seems like major growth and another area im interested in, there is no crime and like Japan, the tennents seem to look after their homes rather well. Major corporate investment in the region. Its a Huge market and huge population increase due to corporate investment so plenty of tennants.
Florida – Major capitol growth over the last 3 years but still more to come. Seems like its too risky to invest in coastal properties due to hurricanes but inland is a safer bet, like Orlando for example. Mainly holiday rentals. Probably will be vacant for 6 months of the year but when tennanted the returns are very high.
Of course i have been very vague with the descriptions but if anyone wants me to go into more detail pm me and i will go through my notes and try to give a more detailed coverage
cheers PGRIMHi
Not sure if this is the right place to ask b ut what is “Xcol” when talking about finance.
ThanksQuote:Originally posted by matca:
If not, has anybody started out investing in their own name and then transferred assets over to the trust?im also interested in this question as im purchasing properties privately in my own name, is it possible down the track to form a trust and put the properties i own into the trust?
thanksno probs guys just found my answer
thanks for the link ‘shar30441’
my tax rate would be 19.5%Mmmmm an expensive exercise with accounting fees if you have properties on many different countries, which is what i am planning to do.
Still back to part of my first question, does anyone know what the rate of tax is in nz for a non resident on a low income ie rental income from one property? is there a tax free threshold?i have a quick question about NZ property. if the property is 20 years old or less can you claim depreciation as a tax right off?
thankssorry didnt mean to confuse. this add wasnt for the medina but as i was talking about perth i thought i would ask the question about the quote on stamp duty.
cheersthanks for the link Derek, here is the quote.
“Take advantage of the Multi-Million dollar Northbridge Renewal Project with this value-plus, top floor apartment in the award-winning St James Estate. Plus, with stamp duty about to plummet this is your chance to get into one of Perth#8217;s fastest growing areas”
cheers
paulhey thanks for the replys
im looking to buy something in about 3 or 4 months time so im looking at all options. the reason this place first took my attention was that im going over to perth in a couple of weeks so im going to have a look around while im there. i dont want to buy in NSW because of the 2.5% tax. does anyone know if the stamp duty is any different in perth or any changes happening soon. i ask this as i read a comment a real estate agent had said in one of his adds which got me confused.
cheers paulcheers jeff ill have a look for the book. Ive had residential property overseas and had many problems with tennants, im not comfortable renting to residential tennants while im not in the country so i pretty sure commercial is the way for me.
well in my searches into commercial property ive come across “Gardner And Lang” property syndicates. has anyone heard of them, they are based in melbourne.
thanks for the replys guys. im getting married to an irish princess half way through next year and i want to make use of my salary before before we go and live over there, (to be closer to her family and support group!) we all know what that means!!
i dont have much of a deposit so the high deposit worries me with commercial, but im going to look into it more
