Newby Posted August 22, 2014 Report Share Posted August 22, 2014 Greetings. I clicked on the following ad: http://www.australianpropertyinfo.com/?id=03rem&gclid=CKnt99T2pcACFdgkvQod4WIAnA and I wonder if it's a good time to buy properties in Australia. I have about HK$1 million to spare, and I don't know what to do with it. I know that Australian house prices have increased considerably over the last years, and the Australian economy isn't in the best shape in the history of the country, but economies are always cyclical, so it will recover and grow eventually. Also, does anybody know if one can make a mortgage in Australia, if he/she doesn't live there? I would borrow about 60-80%, as long as the rent more or less covers the mortgage. Any advise/comment is welcome! Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now