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You can check yourself. This site is good http://house.ksou.cn/

well rest assured Asians wouldn't like to buy said property because of Feng Shui

Too kind! Definitely will hit you up later for some more in depth questions as I get charged a fair bit for income tax as well, not as high of as you but still heart breaking.

China also just announced further cutting interest rate to stimulate economy as growth actual was 7.4% Lower than predicted 7.5%. And at lowest in nrly 25 years.

Syd 85% Melb 80% Bris 61% Ade 64%

Thanks. That makes sense now :)

Sorry. Do you mind sharing how do you manage NG yet pay yourself $90k tax free? Thanks

Sitting on $650k after nearly 5 years of purchasing our first property. Portfolio $2.5m with 74% lvr.

I always try to get around 1% and net yield break even at least with reasonable CG potential. Haha

I think you might have really missed the mark on why the Chinese are buying here. For one, the property prices in China, especially 'first line cities' (think Beijing, Shanghai, Guangzhou' are very high. Any random apartment remotely close to the city will fetch $5mil RMB. Many people actually...

RE: Eastwood and the Hills district. Chinese that buy in Eastwood are predominantly FOBs just like those who are buying up in the Hurstville area. Reasons driving them to buy are two. 1) they have elderly parents who are about to come to Australia to retire and speaks 0 English or 2) they...

Foreign nationals can buy 2nd hand properties as long as they apply to FIRB and are approved. They have to sell when their visas expire and they leave. You can read more here http://m.afr.com/p/national/facts_about_foreign_property_investors_eMWELkL22oEqQWlsFG3dWM On the other hand, my...

Thanks skater. I'm just a worry wort, is all. Just putting out feelers to see what people think of the market right now in Sydney. I think we live pretty comfortably and within our means. We splurge out once in a long while also like our 4 month trip to Asia and Europe. I think we have...

No no it's just the general economy. I work in a fortune 100 so that's why I hear it more often when people are talking about a competitor cutting staff by _%. Makes me nervous :) I'm not a foreign investor if that is what you are asking.

I do a lot of hand wringing. Hence still up now pondering if and how much investment I should put in now to renovate our PPOR or just do it before we sell it later on (say in 5 years time).

This is because we bought 3 IPs late last year, with the last one settling mid Dec. Luckily the tenant wanted to stay on for a $30 price hike on the rent. Out of the 3 that I bought, 2 have already gone up in price against comparable properties so I'm quite happy with one increasing 10% in 2...

Haha. Like the fat spider imagery! Too much hand wringing because I take after my dad who is a risk averter. I think I've come a long way already under his influence. :) But you are right I think we can go forth again.

Yes, I wasn't intending to sell. They have done well and still have some legs in them yet. My question was really around whether you guys think that we should hold tight for now or continue to invest using equity or cash? I think we are more conservative and don't like to take toooo many...

Thanks everyone for your feedback. Yes we planned the purchases and they are indeed in Sydney. We do have our savings in the PPOR's offset account. I think I will have a think about what our strategy is. I think we are stuck between aggressive & passive.... Anyways, thanks for food for...

I think I've finally found the right section to post this... Situation: - My husband & I are in our early 30s with a combined income of $220K - $300K p.a - We have about $60K savings. - Our own mortgage is about $1800/month - We bought our PPOR in 2010 & 4 other properties subsequently. -...