Investor from Singapore

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From: Lyndsay Potts


Being an Australian citizen in Singapore and not paying Australian Tax on income, I'm wondering whether Jan's advice would still hold re: building wealth through investment properties in Australia?
 
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Reply: 1
From: Scott Elsom


Every Ex-pat and his dog is doing it...you'd be crazy not to.
 
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Reply: 2
From: Rolf Latham


Hi Lyndsay

Just two points.

1. AS a non resident most lenders will want to limit you to 70 % LVR. Garbage - get yourself a good broker can 80 to 90 % LVR as not uncommon.

2. The traditional concept of negative gearing is of little use to you. You would need close to neutral cashflow properties I would think, unless you will get phenomenal cap growth.

Ta

Rolf
 
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Reply: 2.1
From: Anonymous


Hi,

Negative gearing is not really next to useless if you intend to move back to Australia and you buy the properties in your individual names. You will be able to carry forward any losses indefinitely until you are Australian tax residents again and you have income to offset it against.

Of course you should check this information with your accountant as well as any well meaned advice from this forum
 
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Reply: 2.1.1
From: Tom Cleary


Hi Lyndsay
what you should be looking at is sourcing finance from Singapore. With 3.5% rates you could save a bundle. Look at the student marked, you might find it interesting.
Regards
Tom
 
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