Obiwan,

I’ll find out in a few days about the Negative Gearing aspect of property in Canada. I dont know the US market that well so I wont comment on yields there but some major bonuses of Canada are:

– that the currency exchange rate is almost 1:1
– interest rates are more than 1% lower than Australia,
– property management companies exist…[Read more]

Thanks for the responses.

To Answer some of the questions –

1) As a general rule banks here require a 30% down payment on property purchased if you are not a Canadian Permanent Resident or you do not work in Canada. 30% on $30 – $40,000 is not much though!

2) Edmonton still has the largest mall in the world. I havent been there, not too much…[Read more]

I bought an IP in Armadale about 3 months ago. The Agent managinging the property had four offers from tenants wanting to rent it within a week of advertising. While the property is slightly negatively geared I found that Armadale had a nice feel about it and the Govt is investing money there. It is one of the cheapest suburbs in Perth and has…[Read more]

After spending the last three weekends studying the Perth Real Estate Market and driving from Manurah to Clarkson attending Home Opens in frustration trying to find a +CF property I am convunced that the only suburb in Perth that comes close to goving a +CF return is Armadale.

A $140,000 house in Armadale generally will return a $160 p/w rent.…[Read more]

Medina near Kwinana has 3 x 1 houses for 130k. The new rail line will have a station near Medina and its between Freo and Rockingham. Any thoughts?