I have looked at Aussie banks in Japan like the NAB. They will lend in Yen for property in Australia at about 70% lvr. rates around 2%. But if currency moves, you may be required to pay the loan down to keep the LVR less then 70%. They also wanted you to be working in Japan and earning in Yen. If you were ever to leave, they could call in the loan.

Terryw
Discover Home Loans
North Sydney
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You would take off all discounts etc first and then add the assessible gain to your other income. If this was $50,000 and you had a $1000 income from employment, you new taxable income for the year would be $51,000. You would then have to pay tax on this $50,000 just the same as if it was from wages.

Terryw
Discover Home Loans
North Sydney
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It would probably be helpful if you spend a while in the industry. You would get to see how it all works.

You wouldn’t be saving on agents fee – unless you were selling your own properties.

Terryw
Discover Home Loans
North Sydney
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Hi Steve

The ability for attachments would be good. eg excel spreadsheets.

Terryw
Discover Home Loans
North Sydney
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I thought the population had been increasing over recent years and would be likely to do so. Declining birth rates would be supplemented with people immigrating to Australia.

I also don’t know what he means by property grows at an average of 3% unless it grows at a higher rate. If you buy in areas with limited supply, you should be buying an asset that will grow. Watch out for units, as these can be in oversupply at times – as many people have seen in recent times in Sydney.

Terryw
Discover Home Loans
North Sydney
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Has anyone tried to plot some figures into excel? Either those for or against?

I have been trying, but am not no excel expert – there are too many variables for me to work it out.

If anyone has, could you please email me.

Terryw
Discover Home Loans
North Sydney
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Putting it into an offset account so it can be redrawn for investments may not be the best way to proceed.

What happens when the money is taken from the offset and invested? The interest on your home loan increase – non deductible.

If you pay into your home loan and withdraw for investment, the net interest will be the same, but the interest will now be tax deductible.

Terryw
Discover Home Loans
North Sydney
[email protected]

I don’t think Options are common – especially on residential. They are more common with commercial type deals.

If you can’t sell the option, you will lose the option fee paid or you could just settle on the property.

Terryw
Discover Home Loans
North Sydney
[email protected]

You may be able to get a normal loan from the same bank or a different bank, depending on your income. If you don’t have deposit and go to a different bank, then you may have to refinance your property (unless you could increase the loan and withraw some equity).

Terryw
Discover Home Loans
North Sydney
[email protected]