"The End of Foreigners Buying Australian Property"

Discussion in 'Loans & Mortgage Brokers' started by montoya, 9th May, 2016.

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  1. sunnyskies

    sunnyskies Well-Known Member

    Joined:
    13th May, 2016
    Posts:
    46
    Location:
    melbourne
    Richard are you buying in Brisbane? what is your take on the market up there at the moment?
     
    sunnyskies, 30th May, 2016
    #41
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,997
    Location:
    Australia wide
    hi Richard - can I send a few more your way?
     
    Terry_w, 30th May, 2016
    #42
  3. Richard Taylor

    Richard Taylor Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    434
    Location:
    Brisbane
    Hi Terry
    Sure email me the details in the morning and i will tell you how we are doing it.
    Cheers


    Richard
     
    Richard Taylor, 30th May, 2016
    #43
  4. Richard Taylor

    Richard Taylor Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    434
    Location:
    Brisbane
    Hi Sunny

    Yes personally i am buying in Brisbane and see some good value in a number of areas.

    Number of suburbs I would avoid for a variety of reasons but still seeing strong rental returns compared to other States.

    All of my own properties are 100% occupied and any vacancy only lasts days not weeks to fill.

    Cheers


    Richard
     
    Richard Taylor, 30th May, 2016
    #44
    sunnyskies likes this.
  5. Dean Collins

    Dean Collins Well-Known Member

    Joined:
    21st Feb, 2016
    Posts:
    982
    Location:
    New York
    Hi Corey,

    I've just found out tonight that St George Bank have restricted ALL EXPAT applications for the Portfolio Loan product ( St George bank no longer lending to hard working Aussie expats )

    lol the irony that I was always saying to you over the last year.....why worry about cross collateralised loans....... :(

    We can draw back the money we've paid down on the variable loan but sucks that cant use equity for other properties already in the Portfolio Loan on fixed terms until August 2020

    Very disappointed in St George bank.
     
    Dean Collins, 2nd Jun, 2016
    #45
  6. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,129
    Location:
    The beautiful Hills District, Sydney Australia
    NAB just put the boot in again, this afternoon
     
    euro73, 27th Jun, 2016
    #46
  7. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,653
    Location:
    Gold Coast (Australia Wide)
    APRAhensive echos...........

    ta
    rolf
     
    Rolf Latham, 27th Jun, 2016
    #47
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