Recent content by sonic

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    Best way to profit from a falling AUD

    I'm calling at least getting to 80 cents touch within 6 months.
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    Best way to profit from a falling AUD

    Good question here's what I'm doing. Like HandyAndy I've invested in US property. Some (not all) is financed by AUD so i'm effectively short AUD and like most people taking a view that Aussie dollar is going down. Here's what I"m doing to minimize my transaction costs. I'm based in Hong...
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    Buying in Hong Kong

    Asia is going bananas I actually moved to HK a few years ago and have been buying here ever since, my first place I bought in 2008 has almost gone up 100%, it's really nuts. all positive cashflow still (yields ~3.5% financing at ~1.3%) but capital values have gone really crazy, i'm actually...
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    US foreclosures #2 (aka the Emma171 thread)

    In HK you can join with no fee for 1 year so even if you have minimal assets it appears worth it. Can anyone shed any light on how stringent HSBC is with financing property in US? I've been reading some threads on other property forums which says they are a bit more an*l when it comes to...
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    US foreclosures #2 (aka the Emma171 thread)

    Financing US property using HSBC Premier Hey guys great thread on US property! I'm seriously considering buying a few US properties in the near future... I'm trying to do some work on what options there are on financing US property. I'm an Australian national residing in HK working for the...
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    Anyone looking at HK Property

    oh and on finance i havne't checked as i live here but i imagine if one desired there are always ways... top of my head ANZ, commonwealth and westpac and NAB all have branches out here... best an ex-british colony and all.
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    Anyone looking at HK Property

    In an area called Sai Ying Poon I believe its the next growth area new MTR station lots of new developments 15 mins walk to Soho. I paid $3.46 HKD for a 656 square foot place. Expensive by Aussie standards but HK properties are small and you have to take that into account. Interesting you...
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    Anyone looking at HK Property

    Hi I'm an Aussie thats living in HK for the past 3 years having made my first purchase in property here 2 years ago. Just wondering is anyone looking at the numbers on property here? Sure its run but purely from anumbers perspective very attractive. Yields are ~4% (higher if u rennovate and...
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    Aussie Dollar vs US dollar

    Good point. The logic is that if oil goes up most of the other commodities will go up to which they generally do and they will help the Australian economy as we are predominantly one of the economies that is a "commodity economy" i.e. exports commodities.
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    I completed my first property purchase :)

    Hi thanks for your thoughts. Completely agree with you regarding with borrowing off equity and leveraging up instead of copping transaction costs with selling in theory. I believe in this most of the timebut I think there are a few exceptions 1) If you investment long term isnot that...
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    Potts Point Studios / 1 Bedrooms on a tear due to first home owners grant. Sell?

    Hey Ajax. Thanks for your responses. There are positive cashflow right now and will be even better when I get off my fixed rate interest loan expiring soon. Thanks for the heads up on the FOHG just saw it tonight when i watched 7.30 report online and read the budget papers. I'm inclined to...
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    Aussie Dollar vs US dollar

    Couple of things 1) AUD is a risk proxy if equity markets rally (as thye have in the past 2 months) so will AUD. 2) Its a commodity currency i.e. if commidities rally so will AUD you can see Oil has moved up in the same fashion. 3) Dollar made major moves on Friday night down after ECB cut...
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    I completed my first property purchase :)

    Rents for $260 a week now strata is about $800 a quarter didn't go down at all they kept adding to the sinking fund!
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    Potts Point Studios / 1 Bedrooms on a tear due to first home owners grant. Sell?

    Hey thanks for replying. I generally believe in the buy don't sell as well but I think these units aren't quality (1 is next to brothel!). I really think its a temporary increase due to government policy thats why.... Better to leverage in this investment climate and park the cash somewhere...
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    I completed my first property purchase :)

    Touching on 4 years later wow brought back memories re-reading this post! :) A unit in the same block just sold for $230k, I'm seriously considering flipping this and getting out... With a bit more investment experience 4 years later: 1) I think a studio is not a long term great capital...
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