Infinity @ Green Square

Discussion in 'Property Market Economics' started by averagesg, 29th Aug, 2015.

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  1. Steven Ryan

    Steven Ryan Well-Known Member

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    What a lot of local investors overlook are the motivations of offshore investors. Many are simply parking money in our economy.

    There's a small but real numbers of buyers who don't even bother to find tenants, leaving the investments vacant for years in some cases.

    Others are buying a place for their kids to base themselves out of in the future.

    A 0% yield on a cash purchase isn't a problem for everyone.
     
  2. Tattler

    Tattler Well-Known Member

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    Also these people do not have issue with low bank valuations as they never borrow money from the bank anyway.

    Finally with Aussie dollar so low, they think they are getting a bargain buying it now, and then they make their money when Aussie dollar goes up again.
     
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  3. Tekoz

    Tekoz Well-Known Member

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    Investing is tough nowadays in Indonesia mate :cool:, but somehow according to those people, living in an apartment is considered as "ëlite" as oppose to living in a house.
     
  4. skuzy

    skuzy Well-Known Member

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    slightly embarrassed to ask this but here we go..

    so $1200 p/w @ 52 wks = $62.4k, with base of $1.56m = 4% Gross rental yield(ish)

    then when reading things like this article.. suggestin sydney rental yield of 4.4% for units and 3.5% for houses in Sydney.... in theory doesnt sound too bad for foreign investors?

    could someone point out whats overlooked here
     
  5. JDP1

    JDP1 Well-Known Member

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    What's overlooked you ask.?
    The fact that they are desperately seeking to park their money outside place of earning (for many reasons)..especially if it's safe and stable place/asset class.
    Then it looks like a good deal for them..they get safety and out of any scrutiny in the place of earnings.
     
  6. Cia

    Cia Well-Known Member

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    Outgoings?
     
  7. trinity168

    trinity168 Well-Known Member

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  8. lightbulbmoment

    lightbulbmoment Well-Known Member

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    1.3 millions for 2 bed luxury apartment in Sydney is cheap compare to what you can get in Indonesia (Jakarta).[/QUOTE]
    Really??
     
  9. lightbulbmoment

    lightbulbmoment Well-Known Member

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    Didnt realize indo was so exspensive
     
  10. JDP1

    JDP1 Well-Known Member

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    A lot of se Asian cap /leading cities have very expensive RE eg mumbai, shanghai, etc ... mixture of overpopulation and various other reasons.
    In quite a lot of these places, either have to be very smart eg CEO level ( large or entrepreneurial) or corrupt as hell to afford the best. Often those two are closely intertwined in those places.
     
  11. 2FAST4U

    2FAST4U Well-Known Member

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    I wonder what the bears would say about the fundamentals:cool:
     
  12. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Green square precint planned completion is around the 2030 mark, that's 15 years time. Between now and then so much infrastructure is going to go in the area. Once completed it will be unrecognisable from what it's like now! I believe it's going to be a popular place to live, a destination for the young professionals who work in the city or the airport. It is located in between the 2 and these are 2 major employment areas in Sydney. Once the infrastructure goes in - library, swimming pool, shopping center - I see it become another Chatswood, only one train stop from Central and a couple form the airport. Now, I would not personally invest in the new apartments being built, but I think existing property (units, apartments, terraces) located within say 10 min walk from Green Square station will perform well once Green Square gets properly developed. They'll offer an alternative to the newly built stuff, being lower density, in smaller sometimes tree lined streets, offer more calm and quiet, a bit away from all the activity. There is a huge industrial area just around Green Square that is progressively getting gentrified with low density luxury units/apartments and terraces.
    IMO Green Square will shine, but that's quite a few years away, and as usual existing property is most likely to deliver better returns than new apartments that offer poor relative value IMO.
     
  13. Tekoz

    Tekoz Well-Known Member

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    @WinDyz. you bought one already mate ?
     
  14. Tekoz

    Tekoz Well-Known Member

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    @lightbulbmoment
    Which part of Indonesia that you went mate ?

    Bali