This 7% scenario will be possible if AUD drops to $0.55-0.60 USD

Very interesting post!

Is there any possibility to get Lo Doc loan for residential property?

Thank you!

Alex

It’s illegal actually :(
Gold Coast Council says very clear that you cannot separately rent-out a granny flat in the Gold Coast Municipality.
Can I rent out main dwelling instead of granny flat? And live in granny flat myself?

Best regards
Sander

Good day,

I have permanent visa (independent skilled migrant) already so I don’t have any limitations in property.

I’m going to move in September-October.

I wanted to spend a few months for QLD market research after I arrive, because I don’t think I can buy quality CF+ property remotely.

Before I find a job in Australia I hope to continue…[Read more]

OMG!

If I decide to participate in such type of deal, I will hire best real estate solicitors to check these papers

Thank you for the advice!

Alex

So owners do not have a direct agreement with the management if they have to vote, don’t they?

Who is usually the second participant of the agreement with onsite management in this case? Body corporate?

Best regards,
Alex

Thank you for your help!

Hello Andrew,

Today’s this 112 m2 property costs $115K that is significantly below Gold Coast average because it’s under a contract

Are you sure that the price will be the same without the contract that will end in 2022?

Best regards,
Alex

I’d like to invest in NZ p2p loans there via https://www.harmoney.com
They must have very nice 10-15%+ p.a. returns after commissions and losses
However, now this website is for kiwis only :(

Good day,

I’m not sure how much time will pass before I get a well-paid job…

I think 3-12 months at least, so for now PAYG is not an option :(

I have passive foreign income now and I don’t want to miss one an opportunity to double my money during next market collapse.

Maybe there’s any other way to get financing for IP or PPOR? Nodocs loan,…[Read more]

Thank you for your reply!

If this property costs above $250K it could be still a good investment

Cost: $115K+$3K*8years=$139K

Final cost in 2022:
$180K, compound annual ROI = 3.28%
$200K, ROI = 4.65%
$250K, ROI = 7.61%
$300K, ROI = 10.09%

So the question is what final 2022 price could be assuming 0% p.a. capital gains?

Best regards,
Alex

Good day,

Short position on bonds (as well as any income assets) is quite expensive because you have to pay to lender 100% of income from these securities.

There are 10 years bond futures on ASX, maybe they will more appropriate solution because you don’t have to pay interest and get very nice leverage (25 to 1 or more) so you’ll need just $40K…[Read more]

Hello Richard,

Thank you so much for your reply and your help!

It was sad news that I can’t get financing immediately.
I had some IP experience at home (as a hobby) and wanted to buy IP in Australia as soon as I research local market good enough.

By the way, in european countries they usually give loans to foreigners but demand bigger down…[Read more]

Hello, Michael

Do NZ IPs have higher yield than AU ones?

NZD prime rate has been always higher than AUD and it theory it should be reflected in IP yields.

Best regards,
Alex

PS: I can’t recommend a NZ broker, sorry