Salam:
I am not able to post a reply to post # 84518 so trying to post here:
In Australia, u will get the benefit of leverage i.e by paying AUD 175 k, u will own property of 700,000/Though u will incur interest expense, but however u will be having equity in each year, by paying part of EMI towards principal repayment. ( i have not accounted for any capital gains in this)
However, as mentioned by Jameel Mughal, Pakistan property has its own capital gains charm. If I were you, i will diversify to hold at least one property in AUD, if i do not have any RE in Australia.
Jameel Sb:
Pls comment on leveraging and buying a property In Dubai via bank financing. is it worth it in current scenario with low Dubai RE prices? Thanks (Asking this as nowadays, I am confused whether to invest AED 300,000 in Pak RE or In Dubai. Thanks
Ahg replied on Sunday, July 24, 2016 05:13 PM
Security situation of whole region prohibits any forseeable property growth in dubai... with syria iraq and yemen up in flames, and terrorist already making way into saudia... oil prices will stay below 50 usd / barrel due to frackling / iranian oil dumping...
Dubai prices should fall further...
Uk can also be very volatile after brexit...
Australia is stable...but not much capital gain i persume like USA since they are a huge country... but choice i agree comes down ultimately to life choices... there us no clear winners here |
