Moggy wrote:

I’m not interested in buying any property at any price….

Ok maybe you should look at shares….this is a property forum, i’d say most punters here are looking at property = to buy or sell.

Cheers Ivan

What does TLDR mean?

#Planning Permit wrote:

Werribbe, Geelong is Victoria’s hottest untapped area now with State Govt new vision. Cranbourne, Narre Warren are good too.

Would not touch Werribee or Geelong – Werribee is a spruiker haven at the moment particularly with H&L and the valuations are coming in very very low…

Cheers Ivan

Tez – US housing assistance, bit like NRAS for dero’s.

Cheers Ivan

Hi Ryno – I would not invest in Ipswich – its 40 km from Brissy and over an hour by train. Not sure on the growth aspects for next 20 years either. Affordability and rental return maybe however Spruikers have heavily promoted Ipswich with dual occ stock generally overpriced. This is already priced into the area and my concern is distance to brissy.

Question: Your advisor recommended a property for you? if yes, did they sell the property to you? if yes, ask them about their commission earned.

Cheers Ivan

Ajay – I lived in the states like you – however, why do you want to buy as many properties as possible with $300k?

What is the strategy? For me, there are drawbacks that need to be considered:
1. Exchange rate at sub 70 cents – more expensive to buy
2. Costs to structure the investment
3. Can you achieve Capital growth and yield? or is this a yield strategy? if just yield – why not just invest in Australia? cheap investments are not always good investments – you can achieve positive CF in OZ EASY
4. Get tax advice, by moving back to aus you will be a resident again
5. Invest in good areas not shit areas. General statement – I have a million examples to support why. Do your due diligence.

Hope that helps!

To Success, Ivan

Nigel Kibel wrote:

Clearly its better to buy when the market is flat. However what is really important is that you buy good property. In other words stay away from small apartments in the city in large blocks also avoid house and land packages in outer areas. Naturally dont touch in any market Student built accommodation. These properties will fall further than anything else once the market slows. It happens because these properties are downgraded in value by the banks because of the banks exposure.
Look at townhouses or apartments in small blocks ideally properties that will appeal to owner occupiers as well as investors. These properties will level out but not go down in value and will always appeal to quality tenants.

Wise words nigel catch up soon

Hi there – there is a double tax agreement with the US, so you get a Foreign Tax Credit.

You can use your equity here to purchase over there, you can borrow up to 70% LTV on the property.

Assuming you have read all the threads here – be careful – its not as simple as Oz property.

Structure carefully also.

Cheers, Ivan

DeanCollins wrote:

Yep Richard,

Like always you are the voice of wisdom….and what the press writes about and reality totally different.

Your comments make total sense, particularly renovation costs being counted as contributions which is what I wrote/initially thought. Curious though why a SMSF couldnt do a subdivision or “change the property to get he best return on investment”?

In a subdivision wouldn’t the SMSF still own both titles etc?

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Needs to be a single acquirable asset…

Strong view with the banks that there will be a 25 basis point decrease in November – I’m inclined to agree.