Looking for investment consultant / manager

Discussion in 'Investment Strategy' started by Oshioyi, 8th Mar, 2018.

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  1. Oshioyi

    Oshioyi Member

    Joined:
    26th Jan, 2018
    Posts:
    12
    Location:
    Victoria
    Hi,

    I am currently based in Asia and am working towards getting AU PR.

    In the late 1990s, I bought a house (off the plan) in Bulleen which has been paid up, and rented out for more than 10 years to the same tenant. Based on domain / realestate, valuation is around $1.5 mil. Rental is around $500 a week.

    When I move back to AU (most probably Victoria), if my PR application is successful, I will have about $1mil - $2 mil available to invest after selling my current properties here.

    Over here, there are property investment managers that help manage / scout for good deals and get paid via a commission etc.

    I'm wondering if it is possible to build a portfolio of properties e.g. 2-3 units, for rental + repay mortgage and perhaps find a place to rent for myself + family.

    Any such folks that help do the legwork + some accounting advice as I'm very out of touch with what to look for etc.

    If you have anyone to recommend, big thanks :)
     
  2. TMNT

    TMNT Well-Known Member

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    23rd Jul, 2015
    Posts:
    5,572
    Location:
    Melbourne
    is it the ones very close to boroondara tennis club?
     
  3. Oshioyi

    Oshioyi Member

    Joined:
    26th Jan, 2018
    Posts:
    12
    Location:
    Victoria
    Near Bulleen Plaza
     
  4. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,151
    Location:
    03 9877 3000
    Sounds like you're looking for a buyers agent. In Melbourne have a chat with @Lisa Parker or @JacM.
     
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  5. Xenia

    Xenia Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,863
    Have a chat with these ladies, in the area and they will help you get what you want
     
  6. The Y-man

    The Y-man Moderator Staff Member

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    Location:
    Melbourne
    The main thing is the PR approval. When do you find out the result?

    The Y-man
     
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  7. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,622
    Location:
    Gold Coast (Australia Wide)
    No PR makes it tough to buy established stock on the surface of it

    ta

    rolf
     
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  8. KinG3o0o

    KinG3o0o Well-Known Member

    Joined:
    17th Jul, 2017
    Posts:
    1,075
    Location:
    Sydney
    PR waitlist is now around 2 years. offshore maybe longer.

    no pr making it almost impossible for you to buy any existing stock..
     
  9. Oshioyi

    Oshioyi Member

    Joined:
    26th Jan, 2018
    Posts:
    12
    Location:
    Victoria
    No one really knows. The application is in already. So it's a waiting game.
     
  10. Oshioyi

    Oshioyi Member

    Joined:
    26th Jan, 2018
    Posts:
    12
    Location:
    Victoria
    Thanks will connect.