Property investors knowledge share

[Jamesc]

I am looking at getting a FH cluster terrace (OCR).

 

Is there any downside in cluster terrace?

I know you don't own the land and its basically like a condo

 

Your industry doing really really bad

 

and you are looking at getting a FH cluster terrace?

 

How bad can it be?

 

[Blacksnow]

 

Your industry doing really really bad

 

and you are looking at getting a FH cluster terrace?

 

How bad can it be?

 

Wah...... Like that also can link

[Jamesc]

Wah...... Like that also can link

 

Haha I always remember what people write.

 

[Auto_emocion]

Anyone on the forum manages Australian property? Got some question on the taxation of rental

Foreigner 50% take back. Not worth IMO.

[Mercury1]

Seriously that much wah seh! Don't mind me asking are you vested? If so do you do your own returns or have any agency perform that on your behalf?

 

 

Foreigner 50% take back. Not worth IMO.

 

[Auto_emocion]

Seriously that much wah seh! Don't mind me asking are you vested? If so do you do your own returns or have any agency perform that on your behalf?

 

 

 

No.

[KR81]

https://www.ato.gov.au/uploadedFiles/Content/MEI/downloads/ind39784n17290614.pdf

 

 

http://www.globalpropertyguide.com/Pacific/Australia/Tax-Pages

 

 

 

 

Notes

¹ The property is jointly owned by husband and wife, but then taxed separately (50% upon each partner). Exchange rate used: US$1 = AUD1.674277.

² Estimated values only. The following may be deducted: capital works deduction, real estate agent fee, body corporate charges (land tax, council rates and water charges), landlord’s insurance, repairs and maintenance.

 

 

The above is an example based on non-resident tax rate for 2006, look at the link below for the current non-resident tax rate.

 

https://www.ato.gov.au/Rates/Individual-income-tax-for-prior-years/?page=2

 

 

Anyone on the forum manages Australian property? Got some question on the taxation of rental

 

[Mercury1]

Thanks Bro, appreciate the trouble taken to find and post up the links. Cheers!

https://www.ato.gov.au/uploadedFiles/Content/MEI/downloads/ind39784n17290614.pdf

 

 

http://www.globalpropertyguide.com/Pacific/Australia/Tax-Pages

 

 

Aussie Rental Tax Example.png

 

 

Notes

¹ The property is jointly owned by husband and wife, but then taxed separately (50% upon each partner). Exchange rate used: US$1 = AUD1.674277.

² Estimated values only. The following may be deducted: capital works deduction, real estate agent fee, body corporate charges (land tax, council rates and water charges), landlord’s insurance, repairs and maintenance.

 

 

The above is an example based on non-resident tax rate for 2006, look at the link below for the current non-resident tax rate.

 

https://www.ato.gov.au/Rates/Individual-income-tax-for-prior-years/?page=2

 

Non-resident Tax Rates 2015.png

 

 

 

 

[Showster]

Thanks Bro, appreciate the trouble taken to find and post up the links. Cheers!

 

Do you think Australia more upside or Asia countries like Philippines Makati, Vietnam, Cambodia? As in 1 Australia property can get you maybe 5 or more of the same size in the Asian countries. Edited July 14, 2015 by Seohster

[KR81]

As they say in the land down under, no worries mate!

 

 

Thanks Bro, appreciate the trouble taken to find and post up the links. Cheers!

 

 

 

[Duckduck]

its not how much u paid, its how many suckers u know who r willing to pay higher

[Mercury1]

I would say the emerging market economies would definitely be a better bet, I would likely put my money in Jakarta property which I hear nets 7% ROI for rental in decent areas (barring the usual leasehold for foreigners etc).

 

For Australia I'm getting ROI is about 3.8% which is not enough to cover the mortgage (if there was) as the interest runs about 5 - 7%. The property I'm dealing is a simple suburbia type which was passed down by a late relative in the Perth suburbs so its easier to rent out to locals . I think the dynamics of the property market in cities like Sydney would be a lot more appealing for an investor but not familiar with that, but Australia property market is generally quite stable and on the rise from influx of investors.

 

If one has spare cash buying land in sea facing areas might be a better bet, the coastal side has seen more houses being built and prices have gone up a fair bit.

 

 

Do you think Australia more upside or Asia countries like Philippines Makati, Vietnam, Cambodia? As in 1 Australia property can get you maybe 5 or more of the same size in the Asian countries.

 

Cheeers! Here's a virtual beer for ya matey!

 

As they say in the land down under, no worries mate!