Australian Politics Forum - Australias Real Estate Bubble

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Re: Australias Real Estate Bubble
Reply #105 - Feb 18^th, 2014 at 9:02pm

Andrei.Hicks wrote on Feb 18^th, 2014 at 8:57pm:

I've been having a few chats in the last 2-3 months about going back into the Australia housing market.

What I was thinking was to borrow against the property I have in the UK, using the 2.5% interest rates and investing in homes in popular resort places in Queensland.
Maybe Gold Coast or Sunshine Coast.

The exchange rate of 1.85 to the £ and low interest rates, plus Australia's overseas investment friendly rules suggest to me this isn't bad time?

You ain't gonna get an interest rate at 2.5% here. Maybe you intend to borrow from a Pommie bank. That sort of suggests you'll need FIRB approval, which ought be no real problem.

What would you do with said property?

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Andrei.Hicks

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Re: Australias Real Estate Bubble
Reply #106 - Feb 18^th, 2014 at 9:06pm

No I wouldn't borrow in Australia.

I have property in UK which I would borrow against in the UK where I can get 2.55%.
I'd then invest that into property for Gold Coast for tenants.

I get lot more for money in AUS and don't pay the high interest rates?
It's what my dad did for years.

I spoke with Aussie investment advisor and my UK bank and I don't see issues.

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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Aussie

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Re: Australias Real Estate Bubble
Reply #107 - Feb 18^th, 2014 at 9:17pm

Andrei.Hicks wrote on Feb 18^th, 2014 at 9:06pm:

No I wouldn't borrow in Australia.

I have property in UK which I would borrow against in the UK where I can get 2.55%.
I'd then invest that into property for Gold Coast for tenants.

I get lot more for money in AUS and don't pay the high interest rates?
It's what my dad did for years.

I spoke with Aussie investment advisor and my UK bank and I don't see issues.

Blaze away then. Personally, I'd go Sunshine Coast............beachside, and hope like hell that the global warming people are talking crap and the tide does not invade. Beachside here means.........beachside.

That'd cost around at least an aussie million. Hard to rent because you'd need to ask more than the locals would pay. You'd need a corporate rental connection.

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Andrei.Hicks

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Re: Australias Real Estate Bubble
Reply #108 - Feb 18^th, 2014 at 9:50pm

Sunshine Coast is potential but I was thinking Townsville.
Young families, growing population and good value for money on the revamped strand.
Plus in laws can pop around and give me a real view of how the property is being kept.

I've got a few in mind though - Tweed Heads, Benowa, Miami Beach, Strand, Port Douglas etc

In short though I think my overall view is Australia's real estate is in good shape.

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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John Smith

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Re: Australias Real Estate Bubble
Reply #109 - Feb 18^th, 2014 at 10:03pm

Aussie wrote on Feb 18^th, 2014 at 9:17pm:

Personally, I'd go Sunshine Coast............beachside, and hope like hell that the global warming people are talking crap and the tide does not invade. Beachside here means.........beachside.

and on the Gold Coast it means?

Andrei.Hicks wrote on Feb 18^th, 2014 at 9:50pm:

I've got a few in mind though - Tweed Heads, Benowa, Miami Beach, Strand, Port Douglas

all good choices ... GC has the highest rental rates in all of Qld .. much better potential to maximise your profits .. although you might wish to move quickly .. prices are on the move and they are moving quickly

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Grappler Truth Teller Feller

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Re: Australias Real Estate Bubble
Reply #110 - Feb 18^th, 2014 at 10:08pm

John Smith wrote on Feb 18^th, 2014 at 10:03pm:

Aussie wrote on Feb 18^th, 2014 at 9:17pm:

Personally, I'd go Sunshine Coast............beachside, and hope like hell that the global warming people are talking crap and the tide does not invade. Beachside here means.........beachside.

and on the Gold Coast it means?

Andrei.Hicks wrote on Feb 18^th, 2014 at 9:50pm:

I've got a few in mind though - Tweed Heads, Benowa, Miami Beach, Strand, Port Douglas

all good choices ... GC has the highest rental rates in all of Qld .. much better potential to maximise your profits .. although you might wish to move quickly .. prices are on the move and they are moving quickly

Ah - the 'tsunami zone'... waves rush in, suck the scum from the streets, and drag back all the sand and bulldust the GC is built on.... including the towers known as the gravestones..... the streets are swept clean, but the stench remains... the stench of decay and corruption only equalled by stench of the tinea wrought by white shoes....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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John Smith

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Re: Australias Real Estate Bubble
Reply #111 - Feb 18^th, 2014 at 10:08pm

Andrei.Hicks wrote on Feb 18^th, 2014 at 8:57pm:

I've been having a few chats in the last 2-3 months about going back into the Australia housing market.

What I was thinking was to borrow against the property I have in the UK, using the 2.5% interest rates and investing in homes in popular resort places in Queensland.
Maybe Gold Coast or Sunshine Coast.

The exchange rate of 1.85 to the £ and low interest rates, plus Australia's overseas investment friendly rules suggest to me this isn't bad time?

The other thing to remember is that with the Commonwealth Games coming to the Gold Coast in 2018, now is a good time to get into the market with a view to sell perhaps late 2017, especially if you can get some nice rental properties near the games village (Parklands).

Parklands is also very close to the new hospital and Grffith Uni so if you are looking longer term, you'll still have high demand for rentals in the area after the games.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Australias Real Estate Bubble Reply #112 - Feb 18^th, 2014 at 10:09pm Lovely grappler. I hope you work in a marketing division.
Back to top	Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde IP Logged

John Smith

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Re: Australias Real Estate Bubble
Reply #113 - Feb 18^th, 2014 at 10:09pm

Grappler Truth Teller Feller wrote on Feb 18^th, 2014 at 10:08pm:

John Smith wrote on Feb 18^th, 2014 at 10:03pm:

Aussie wrote on Feb 18^th, 2014 at 9:17pm:

Personally, I'd go Sunshine Coast............beachside, and hope like hell that the global warming people are talking crap and the tide does not invade. Beachside here means.........beachside.

and on the Gold Coast it means?

Andrei.Hicks wrote on Feb 18^th, 2014 at 9:50pm:

I've got a few in mind though - Tweed Heads, Benowa, Miami Beach, Strand, Port Douglas

all good choices ... GC has the highest rental rates in all of Qld .. much better potential to maximise your profits .. although you might wish to move quickly .. prices are on the move and they are moving quickly

Ah - the 'tsunami zone'... waves rush in, suck the scum from the streets, and drag back all the sand and bulldust the GC is built on.... including the towers known as the gravestones..... the streets are swept clean, but the stench remains... the stench of decay and corruption only equalled by stench of the tinea wrought by white shoes....

perhaps you should stick to the sunshine coast?

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Andrei.Hicks

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Re: Australias Real Estate Bubble
Reply #114 - Feb 18^th, 2014 at 10:12pm

Fair point John, the Games is a big attraction for the GC investment.
I need to move sooner though obviously.

Got a meet next week when I get back and I'll see what I've got to play with.

£480k gets me A$870k or so. I think that's my top limit.
Doesn't even need to be a house. This is purely investment, not living for me.

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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Grappler Truth Teller Feller

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Re: Australias Real Estate Bubble
Reply #115 - Feb 18^th, 2014 at 10:15pm

Andrei.Hicks wrote on Feb 18^th, 2014 at 10:09pm:

Lovely grappler.
I hope you work in a marketing division.

I'm working for Holidays In Baghdad right now...

Tired of the same worn-out old holiday sites? had enough of Gay Mardi Gras in every capital of the world? Come to where there is NO Mardi Gras! For YOUR next holiday break - visit Baghdad... take part in outdoor sports with friendly locals... see spectacular fireworks displays every night... meet and shake hands with a REAL suicide bomber!

Baghdad.. it's a blast!

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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John Smith

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Re: Australias Real Estate Bubble
Reply #116 - Feb 18^th, 2014 at 10:18pm

Andrei.Hicks wrote on Feb 18^th, 2014 at 10:12pm:

Fair point John, the Games is a big attraction for the GC investment.
I need to move sooner though obviously.

Got a meet next week when I get back and I'll see what I've got to play with.

£480k gets me A$870k or so. I think that's my top limit.
Doesn't even need to be a house. This is purely investment, not living for me.

plenty ... you should be able to find heaps around for that price ... good time to jump into the market now with that price range too as it hasn't started moving up as much as the lower price ranges, yet, although that's only a matter of time.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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John Smith

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Re: Australias Real Estate Bubble
Reply #117 - Feb 18^th, 2014 at 10:21pm

Grappler Truth Teller Feller wrote on Feb 18^th, 2014 at 10:15pm:

Andrei.Hicks wrote on Feb 18^th, 2014 at 10:09pm:

Lovely grappler.
I hope you work in a marketing division.

I'm working for Holidays In Baghdad right now...

Tired of the same worn-out old holiday sites? had enough of Gay Mardi Gras in every capital of the world? Come to where there is NO Mardi Gras! For YOUR next holiday break - visit Baghdad... take part in outdoor sports with friendly locals... see spectacular fireworks displays every night... meet and shake hands with a REAL suicide bomber!

Baghdad.. it's a blast!

Here you go grappler ... $50 night .... talk about value
http://travel.yahoo.com/p-hotel-485567-baghdad_hotels-i

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Sir lastnail

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Re: Australias Real Estate Bubble
Reply #118 - Feb 18^th, 2014 at 10:39pm

Andrei.Hicks wrote on Feb 18^th, 2014 at 8:57pm:

I've been having a few chats in the last 2-3 months about going back into the Australia housing market.

What I was thinking was to borrow against the property I have in the UK, using the 2.5% interest rates and investing in homes in popular resort places in Queensland.
Maybe Gold Coast or Sunshine Coast.

The exchange rate of 1.85 to the £ and low interest rates, plus Australia's overseas investment friendly rules suggest to me this isn't bad time?

yes you should borrow as much as you can and buy as many dumps in australia as you can because we are always told that property only ever goes up in price and there is no such thing as a property bubble in australia. These are only things that happen in other countries Wink

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« Last Edit: Feb 18^th, 2014 at 10:46pm by Sir lastnail »

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Sir lastnail

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Re: Australias Real Estate Bubble
Reply #119 - Feb 18^th, 2014 at 10:47pm

Grappler Truth Teller Feller wrote on Feb 18^th, 2014 at 10:15pm:

Andrei.Hicks wrote on Feb 18^th, 2014 at 10:09pm:

Lovely grappler.
I hope you work in a marketing division.

I'm working for Holidays In Baghdad right now...

Tired of the same worn-out old holiday sites? had enough of Gay Mardi Gras in every capital of the world? Come to where there is NO Mardi Gras! For YOUR next holiday break - visit Baghdad... take part in outdoor sports with friendly locals... see spectacular fireworks displays every night... meet and shake hands with a REAL suicide bomber!

Baghdad.. it's a blast!

I hope all of that Freedom and Democracy was worth it Wink

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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