n1ck
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Posts posted by n1ck
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This is a question for anyone that has bought a property in Australia then returned to the UK and kept it as an investment property.
Were you up for a big tax bill each year? As a foreign resident you don't get a tax-free threshold, so any rental income will be taxed.Did this along with any land tax make it worth your while, minus any deductions such as strata/loan interest etc?
The aim would be to move back into the property down the track.
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14 hours ago, Bamborabi said:
I gave my test on June 12th at Parramatta and passed the test. Yet to receive approval letter. Immi account still says as "RECEIVED" . Anyone who recently gave the test in June and is still waiting for an approval here ? I really dont know whats happening with my application, people who applied after me have got their approval.
Still waiting from May.
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20 hours ago, DaveD said:
That was correct - i was talking about her test. I was hoping it was british humour at first.
In my case it was! Whoops
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5 hours ago, DaveD said:
My wife passed in March and still waiting.
RIP
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You've been here for 7 years and you haven't met anyone on that list? How's that possible?
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NXT did express their view that the changes shouldn't be back dated and only put in place from when this becomes law.. So does this then mean people who meet the CURRENT requirements and lodge before it becomes law will be approved ? Eg: in my case where I have had PR for 2 years and will have been in the country for 4 years at the end of the year.
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So what now ?
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1 minute ago, politedave82 said:
My situation.
Arrived Feb 2014 - PR granted Jan 2016.
Would have been eligible Feb 2018 - now Jan 2018.
10 months is now 33 months.
And there'll be some with way less than 10 months affected.
5 months for me. This is BS. Hopefully they make it that it's only for new PR applicants.
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9 minutes ago, Stevwtosh said:
But I can for see if you currently on PR you will still be able to apply under the old policy of 12 months waiting time, just a thought am sure.
This would be the ideal scenario. Have you seen anything to indicate this will happen, or is it just your personal opinion ?
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On 4/12/2017 at 10:40 PM, aussiederek said:
This comment explains nothing!
On 4/6/2017 at 3:19 AM, newjez said:A hard border between NI and the UK.
Newjez.. what you have said makes no sense. I suggest you go and look at a map.
Speaking as someone from NI the idea of "giving NI back to Ireland" is both delusional and stupid.
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I lived in Chiswick for a year and a half until July there. It's a nice enough area but there is literally nothing there beside the apartment complex except for a convenience store and an Italian restaurant, albeit a very good one. There are frequent buses and ferries to the city if you want to go for a night out but it gets old after a while.
As already mentioned check out Rozelle/Balmain, Glebe, Neutral Bay. Northern beaches may be worth a look too, Manly etc?
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140k is a very good salary in Sydney, never mind the rest of Oz.
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How is it the best option when it is five times the price when you include parking? And still need to account for getting to station, boarding process and getting from circular quay to office. It is an option that is only likely to make sense for somebody that lives within five minutes walk of Manly Wharf and works that end of the city.
There's plenty of places to park for free within a ten minute walk of the wharf. 6 bucks per trip with a smartcard.. getting the bus is saving like $1.30. What boarding process ? They're every 10 minutes so there aren't any queues.
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I lived on the northern beaches for five years and worked in the CBD. Never met anyone that travelled to work by ferry! Our bus ticket was something like $30 per week, maybe a bit less, so spending $20 or more per day in order to use the ferry would not make financial sense for most people.
The buses have special lanes and are fine in the morning if you go early, a bit more painful in the evening. I have only travelled on the ferry at the weekend or sometimes during the week but not during commuter period. It really isn't that quick, with the queuing and boarding process and of course they do not depart every five minutes like buses do either. I think you might be romanticising this idea of taking the ferry to work everyday.
The fast ferry leaves every ten minutes in peak hour and takes 18 minutes... By far the best option.
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I moved to Manly this week and went to see a lot of different properties over several weeks in my search. I moved in with someone else on an existing rental so wasn't looking for a new lease, but the vast majority of places I went to were run down and needed updating. The bedrooms are generally small and the apartments don't have the facilities that you'd get if you went for a more modern building. There are nicer places but you will pay good money for them. The location is what makes it though.. IMO the best place to be in Sydney.
Fairlight would get old pretty quickly walking up that hill everyday and you're out of the action a bit.
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All I hear about the apartments in Zetland is that they're really poorly made and falling apart. Cheap to buy for a reason.
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The national park to the south is great for a drive. Maybe better in summer but Wattamolla beach is a cool spot/very scenic.
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Drunken assaults are down in the Cross......but up in Newtown, where everyone now goes as it's out of the lockout zone
They've brought the lockout into Newtown too now which is BS as it will just push people further and further out of the city. They are really shooting themselves in the foot with this legislation.
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This isn't so much about drunken violence as it's the prime real estate in Kings Cross... People can't/don't go any longer, clubs shut, sell to property developers for cheap and up go a load of apartments.
Funny that the Casino in Pyrmont and the new casino opening soon in Barangaroo aren't in the exclusion zone isn't it... $$$ talks.
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check out Chiswick, we pay 600 for a 2 bed to give us more room but there are 1 beds going for just over 500 I think. Really nice place with big outdoor pool/indoor pool etc. 30 minutes into the city from the ferry at the end of the street.
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Hey - have a look around Balmain- similar sort of vibe to Surry Hills and not far from the city/good transport links. You'll get a nice 1 bed flat for that much per week!
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$75k is about $5,800 per month after tax.
It's a good bit less than that.
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Wattamolla to jump off the waterfall
Camp Cove
Balmoral
Little Bay
Bronte
Bilgola
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My wife is a Computer Engineer from India. We have got the PR visa and are landing in Sydney on 4th December. She has no work experience.
The IT industry is built upon having work experience. Unless it's a completely entry level role, of course.
Owning investment property in Oz while living in UK
in Renting & Real Estate
Posted
Well, I am...... But I'm asking for other's experiences of doing this.