“The Australian Government restricts investment in property. That is the purpose of the Foreign Investment Review Board.”

This statement is factually incorrect, see the following taken from the FIRB web site.

“The foreign investment policy provides for Government scrutiny of many proposed foreign purchases of Australian businesses and…[Read more]

“Finally, (initial capital injection aside as it will be taken back later in addition to capital gains) regardless of where the rental income is taxed, the money that is left will be taken out of the US. This reduces the Domestic circular flow of funds and is a bad thing for the overall economy in my opinion.”

If foreign investment is bad for an…[Read more]

Hi Anna,

The process goes basically like this. You need to get a survey of the site done, which gives details of the size and elevation of the site, as well as the positioning of surrounding buildings (especially windows) and private open space, trees etc. This info is then used by your draftsperson/architect to come up with a concept design,…[Read more]

Anna,

Which State is the property in. If it is in Victoria I would be happy to describe the process to you.

Regards
Alistair

Hi Anna,

Zoning refers to what the land may be used for eg resedential, comercial, industrial etc. The meaning of the quote that you read was most probably “It is zoned resedential and is large enough to fit 6 units acording to the planning scheme”

This does not guarentee that you will get permission to put 6 units on the site, its also not…[Read more]

Are they the people who advertise in the Trading Post?

Matt,

You can probably get similar returns from quality property in NZ, I’d sggest that market as a better one than mining towns.

Regards
Alistair

Hi All,

I’ll second Donna’s comments about Nigel. I actually had a chat with him last week and he is very knowledgable and it would definately be worthwhile for anyone interested in the NZ market to speak with him.

Regards
Alistair

You do need 3% genuine savings to access the lowest rate 100% loans.

PPOR = Principle Place of Residence

The fastest way for you to gert into the property market would be through a 100% loan, you can get surprisingly good rates for these if you have 3%genuine savings. Unfortunately they are only available for PPOR.

Regards
Alistair

OSS,

Why do you need to widen the driveway? I can understand you need extra parking, but this has little to do with the width of the existing driveway.

In any case, you should seek professional advice on this from an architect/draftsman that has good knowledge of town planning issues or else a town planning consultant. Definately don’t just…[Read more]

Subdivision is the breaking up of a property on one title into two or more different titles. The process is handled by a surveyor, although you generally need a town planning permit before it is possible. In most cases the value of the sum of the smaller properties will be larger than that of the original property.

Hi Matt,

he great things about property investment is the high leverage that is available. However, this does not always extend to small mining towns, you should check with a lender or broker to make sure that you can obtain a loan for such a property.

Regards
Alistair

I’m happy with the 18th. In terms of speakers I’d be really keen to have somebody speak on either asset protection or valuations, but any topic would be fine.

Regards
Alistair

You should definately pay all of the cash into your home loan, as this is non-deductable debt. You can then loan against the equity in your home for deposits if necessary, make sure this is a seperate loan and it should be 100% tax deductable.

Speak to a mortgage broker about how to best structure this.

Not many developers would be interested in a 15% return, more like 25%+. That is with approvals.

I don’t think Steve has used Kiasaki as a model, maybe John Burley.

Bacchu,

It is unlikely you will be able to ensure 100% that your view is not built out. You should get advice from a town planner as to what could possibly be built next door. Planning laws could offer you some protection, but not 100%.

Regards
Alistair

Hi,

I am glad to hear that people enjoyed the afternoon as much as I did. I know Frank enjoyed giving the presentation, so I hope everyone got something out of it.

I think Leila’s idea of rotating the organisation is a good one. (I hope your ankle id getting better by the way Leila.). I also like Alvin’s idea of the Yahoo Group and have signed…[Read more]

The statement was 22% per year for 10 years, not 22% over 10 years.