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  • Profile photo of senioritseniorit
    Member
    @seniorit
    Join Date: 2004
    Post Count: 2

    I have properties in Malaysia and Australia.I must say that Oz props have performed extremely well the last few years.
    I wish to correct the above inaccurate comment. A double storey house does not rent for RM15,000 but only about RM1500/month.The average is a 4% return whereas in Melbourne, I would look at 8%.
    However,the game is played differently over here.
    You need to buy new developments to get capital gains.There is no value to buy second hand props.
    look for properties launched by famous developers. As the roads are build, the prices will jump by the thousands.By the time,the whole infra is in, roads, supermarkets.. your new house will be worth a lot more.A typical development can launch 100-500 units (houses)and you can imagine that the takeup is never so hot as it is all off-the -plan development. A visit to the site is a dismay as it is all bushes and mud roads.So if you pick up the investment then,it should always be lower.It takes 2 years to build so prepare for a long wait and to pay progresive payments.By the time,it is finished,normally there are buyers who will see a finished project where they are on tar roads and all the props are freshly painted and landscaped.Thus they will shop and pay you a higher price for your pain and your initial risks.
    If you need information for loans and foreign investment,please PM me.

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