i think you are better putting your money in a buy to let property in UK. My flat in Cenbtral london increased in value 4% in month of April. 11 years straight growth in London property market. I am a POM too, looking to invest in property market to take advantage of no transaction cost as first time buyer, the market here is stagnant and maybe no…[Read more]

I have looked into this..make sure for the first six months you have phone, utilities, car registration at this property.

Persian Kitten,

1) My point concerning property prices double every 7 years is simply that past perfromance is no indication to future performance. I think we should just not take this for granted. In 7 years their will be some growth cycle we can realise some gain, but is it double who knows.

2) I have a apt in London and land on Greek…[Read more]

Australia will soon be a donught after Rio and BHP drill the centre out, once its all gone or chinese people have enough cities Perth will be a ghost town, like Seattle in the 80s.

The only nearly world class city in Australia is Sydney, prices in the center of the city are still low compared to real world class cities London, NYC etc. I believe…[Read more]

Thanks. that reply was relaly helpful. It is true, I ahev been looking at this from one angle.

Snap! I am looking Potts Point and Wollom…Elizabeth Bay is better I agree, but a little more expensive and more established. I am thinking more for capital growth, long term as I certainly will be negatively geared, so better to be slightly less established, next to established.

My comment is studios less resale value than 1 beds. Anyway,…[Read more]

I am looking to buy my first investment property in sydney as well. I am looking at a one bed walking dist to cbd. I think one beds are a good option..you can pretty much always rent them for younger workers. I would not bother with a studio..resale value less. You have a target market for resale as well.

Thanks. I think I understand. I have acouple of questions:

1) Is the tax break only against interest on my loan. If I have interest + capital loan in the case above, i.e. the 2000 mortgage payment i need to make monthly i cannot claim 30 % of the total 2600 as some is capital repayment part of the loan.

2) Can someone check my numbers for the…[Read more]