Investing interstate

[aaarghhh]

My first POLL.. (Can't say that anymore)

Do you invest outside your comfort zone?

I've never invested more the 100Km from my PPOR

 

[GreenTreeFrog]

We have three in Sydney and two overseas.

 

[alexlee]

All interstate. Guess they were 'overseas' properties when I was working outside the country. I've never bought in the same city as I lived, except for the PPOR (haven't even settled on that yet).
Alex

 

[Jase H]

We have 2 in adelaide, 1 in melbourne, a block of land in brissy and our PPOR in Canberra.

Jase

 

[TheBacon]

Only ever bought in WA, but considering other states now...

TB

 

[geoffw]

I said the "world is my oyster".

But I cheated.

I did but a property in the UK in 1988.

But I was living there at the time.

The furthrest I've bought from where I was then living is a Brisbane purchase when I was living in Canberra.

I bough that for all the wrong reasons- and the cap gain when I sold was not nearly as good as if I had bought elsewhere.

 

[NOT 2 L8]

We have four in Perth and 2 in Cairns.

Don't think we'll be looking OS till we have exhausted opportunities in Aus.

Flurry hell.........will this ever end??

 

[skater]

Outside of NSW, we only hold one interstate IP. We had a couple of others, but they have now been sold.

 

[Nards]

We have 3 IPs, in two different states (WA & QLD), although all of them were bought when we lived nearby - we keep moving away from them!! We now live in the "sticks", so will most likely have to buy interstate, but I think I will tend to look in areas/towns I know...

 

[steveadl]

Only invested in Adelaide so far. I may invest interstate/os in the future, but haven't had the need to yet.

 

[Rixter]

We have property spread Australia wide.....its part of our portfolio diversification, risk management and tax minimisation philosophy.

 

[buzzlightyear]

Have all but one of my properties in Melbourne. The other on the Gold Coast. I have diversified my holdings through different property types and locations.

Will concentrate future purchases in Melbourne as they will be predominantly for either redevelopment, renovation and ultimately a PPOR.

 

[regrow]

We have our PPOR (just moved in) and IP in WA so far.

Currently looking in VIC and SE Qld.

Regards

Regrow

 

[redwing]

WA and QLD (so far )

 

[suzieq]

WA, QLD and VIC - city and regional.

sq

 

[Prakman]

WA, SA and QLD, its a fantastic way to minimize land tax! And great travelling expenses to inspect them.

 

[TheBacon]

WA, SA and QLD, its a fantastic way to minimize land tax! And great travelling expenses to inspect them.

Tax deductable travel to various parts of Aus sounds good

 

[geoff stower]

We purchased our first Ip in June 2006 and now have 3 , looking for more.

We have an IP in Brisbane .Main Roads purchased the other one for the Ipswich Motor wayin oct 2007
. We also have 1 in a country town and relocating another one to the same town. Looking at another one in the same town , Looks like this town could boom with in 3 years.

Question . How does one purchase an overseas property?

Great forum
cheers
Geoff

 

[yo yo ma]

Question . How does one purchase an overseas property?

G'day Geoff & Welcome
Here is a couple of general answers & the third one is about the USA.
http://www.somersoft.com/forums/showthread.php?t=34268
http://www.somersoft.com/forums/showthread.php?t=23936
http://www.somersoft.com/forums/showthread.php?t=18101
You might want to start a new thread, with a specific country?
Steve

 

[Nalima]

NSW and QLD