Mortgage for overseas purchase?

How are the rentals and growth prospects?

 

It's been long time coming.

High prices
Low yields
Low salaries
Low growth
China entering into slump
Rates rising

 

Interesting. I heard from some of my Airbnb guests who stayed at my apartment for 3 weeks in August that they live in an apartment in HK that they bought in 2003 (the last time the market was affordable) and since then property prices had tripled. They would have liked to upgrade to a bigger place but the prices were crazy. They blamed the mainlanders.
Perhaps this will give them a chance to upgrade....

 

I was looking at stuff (many stuff) that's gone up 6-7x. At 90% leverage and minimal stamp duty and no CGT, you could turn 50x your money pretty quickly.

In Chinese, no one talks about 'investing' in properties in Hong Kong. We talking about 'speculating' on properties

 

Went there, spoke to a few banks and pretty much they want you to apply there in person, 50% LVR max (don't even think about LMI), 3 months of payslips and bank statements, will take a month (WTF?) for pre-approval to be done and will need to be there in person on settlement. 1.75% interest through HSBC and capped at 2.15%.