hi all
Which countries can Australian citizens buy freehold property straight up. After doing some research it seems like you need to have citizenship of a country to freely buy property in that country.
US? Europe? Asia? Pacific Islands?
Hi,
there are a few countries you can buy freehold title in that I know of.
I have freehold title properties in Malaysia and in Thailand. Both of these countries have a freehold system that relates specifically to condominium (apartment) purchases whereas other sorts of property are leasehold.
I use a company called IP Global to purchase these and they specialise in properties with freehold title and as an Australian you can buy these. The guy to contact there is Rob Pearce and he can give you more information.
If you want to discuss or want more information please contact me and am happy to give you details.
Cheers
Adrian
(Hong Kong)Hi
Real estate investment is in boom now a days, you can also do investment out side of your country. I have also invested in real estate and I am getting good returns and the chance of profit is also good. You just need to take some information about the country law, location, cost of the place, society and security.
Fiji you can as a non resident, but you need a permit from their foreign investment board if you want to rent it out I think…
[Edited because of advertising.]
Foreigners can own Malaysian property. Rental yield generally better than Aussie props.
dsuovann, you can purchase freehold property in New Zealand no problem at all. Funding is as easy as in Oz and there's no stamp duty.
I'm a local NZ property finder and we're regularly seeing single dwellings returning over 8% +CF and multi units in excess of 10%. For more info and to join my investors mailing list, check out my website http://www.buyersagents.co.nz
Good luck in your investing journey.
Vicky
[Edited because advertising is not permitted in the forum thanks.]
dsuovann,
Anyone can buy in the USA (as long as your last name isn't Bin Laden)……
Tony
You can acquire freehold property in Asia specifically Philippines, Malaysia, and Thailand. They have lots of properties to offer particularly condominium units, resorts, apartments, etc. As long as you will be purchasing the property in a legal manner, you will not encounter any problems. Contact a reputable IP regarding this.
dsouvann, by the way I am working for an Australian employer and only last month he acquired a 4-bedroom apartment in Sharm El Sheikh (Egypt) from http://www.egyptventure.co.uk. Maybe it will also be helpful to you.
HI
I saw in the latest issue of API an advertisement for "The Village Coconut Island – Phuket Thailand". Guaranteed rental returns of 7% over 4 years and capital gains of up to 15% per year.
Can anyone give me a heads-up on this? Anyone with any experience in buying in Thailand – if you could lend a hand I would appreciate it.
Being a novice investor, I am naturally hesitant to invest OS, but if other people have good experiences, I am willing to give it a go.
CheersI'm an Australian citizen and own a cave in Turkey. It cost $15 000 and I love it.
Begs the question. What do you do with the cave?
You can buy freehold property in most if not all of Europe: UK, Netherlands, France, Spain, Italy etc. also in Eastern Europe like Romania, Hungary, Poland etc.
US could be a very good opportunity now if you buy well (a lot of lemons on the market).
If buying in Asia (Thailand, Philippines) you are often limited to condominiums (but there are ways around that) and in Malaysia you can buy freehold qs long as you buy over a (relatively low) limit.
Just spend some time on the web… but be careful as higher returns are typically associated with higher risks and many overseas investors have burnt their fingers, also watch for any taxation issues and think about the practicalities of renting out your IP in another country (incl. banking – someone I know had major issues with getting banking sorted in Brazil and in the end it made him pull out of his investment)
Hi Ness1417
i do not own anything in Thailand but i know someone who can help you. His name is Rob Tracey he travels to thailand often and owns property there. I was in Thailand speaking at a conference in june and there are some great opportunities there. All the best with the research.
to contact Rob email him at [email protected]
regards westan
ness1474 wrote:HII saw in the latest issue of API an advertisement for "The Village Coconut Island – Phuket Thailand". Guaranteed rental returns of 7% over 4 years and capital gains of up to 15% per year.
Can anyone give me a heads-up on this? Anyone with any experience in buying in Thailand – if you could lend a hand I would appreciate it.
Being a novice investor, I am naturally hesitant to invest OS, but if other people have good experiences, I am willing to give it a go.
Cheers
I have a couple of properties in Thailand.
There are various problems investing over there – economic crisises, frequent coups, airline crashes etc.
Investing in places like Phuket are very risky. The area is heavily dependent on tourism – which is very down at the moment. Not sure about there, but capital gains in Bangkok are not very good at the moment. There is an oversupply of units nad foreign investors deserting the market with many finding it hard to sell.
Rental yields in Bangkok on units are about 7%. I would much rather invest there than in a island resort like Phuket which is heavily dependent on tourism. I would also not believe a rental guarantee or capital gains "up to" 15% (this would include -15%!).
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
When you think of property investment or Investment properties make sure you do some research & take experts advice.
Hi,
I'm sure Australians can easily buy in Egypt – we've got already client. Please check http://www.lanahills.com for more info & details.Cheers,
LanaHi all,
I'm new to this website. I done a search for looking at investing in Brazil on this forum but didnt find any answers. I recently came from a trip in south america and fell in love with the the country and people and from what I've been told and have researched it is going to emerge as a strong economy. Does anyone know if it is difficult to buy property there, the limitations and if it is a good idea to begin with?
Any input is greatly appreciated.
Cheers!
85eternal, make sure you do your due diligence before investing in Brazil, a friend of mine bought a unit in one of the coastal towns off-the-plan and had nothing but trouble in terms of the purchase agreements, getting money into and out of the country etc. I never looked into Brzail myself, so thi is only hear say, just be careful and go into any deal with our eyes wide open…
Thanks Erik. Would you know why he had trouble getting money in and out of the country? Do you mean via his bank account or cash?
You must be logged in to reply to this topic. If you don't have an account, you can register here.
