Investing in International Direct Property

Viewing 5 posts - 1 through 5 (of 5 total)

jireh
Member
@jireh
Join Date: 2004
Post Count: 2
July 22, 2004 - 4:19 am
I know that in overseas countries, there are areas where the rental yields
>are between 7.5%- 9% and hence mean positive gearing is a pretty good outlook there. Apart from the foreign exchange risk, what
other factors need to be considered, and can Aussies >buy property overseas easily and obtain finance from local or overseas banks?
Does anyone have any experience in this market?
Cheers
Justin
Justin
pelican
Member
@pelican
Join Date: 2003
Post Count: 454
July 22, 2004 - 6:52 am
Justin,
A LOT depends on the country in question…… Places like Thailand, Philippines & Singapore heavily restrict what a “foreigner” can or cant buy…..
There is also restricted availability of finance in some cases ( Singapore )
ALSO – The actual cost of a house…. is in some places a LOT higher…….
Which countries were you thinking of…. perhaps if we know that, it may help you get a more definitive answer from some of the people here….
Cheers
Scott
FFComm
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@ffcomm
Join Date: 2004
Post Count: 627
July 22, 2004 - 1:50 pm
Probably the easiest place to buy for an ‘Aussie’ for overseas property is New Zealand. There are many posts on this (that are far more quailfied than me!) so do a search.
Rgds.
Lucifer_au
jireh
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@jireh
Join Date: 2004
Post Count: 2
July 23, 2004 - 11:31 pm
The countries I was thinking of are the UK and Canada- NZ prices seem to be significantly overflated to me
17billion
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@17billion
Join Date: 2004
Post Count: 1
September 1, 2004 - 4:20 am
[biggrin] Hi,
I am Terry from Wellington. There are fantastic opportunities in NZ for property. And we don’t have stamp duty, capital gains tax … ( we’re buying great deals under real value all the time. And ones that earn very good cashflow)
I will tell you more if you are really interested
cheers Terry