Sunday, April 19, 2015

Where to Invest Property in Sydney?

If you ever want to invest or buy a property in Sydney (yeah, I know is expensive), one of the things you can look at is the "potential" of  that area. But how do we know where has the potential?

This website has the answer: A Plan for Growing Sydney

This is especially very useful for those who're not familiar with Sydney. It basically has all the detailed development plans all the way from the main city to suburbs.

The simplest way is the property that you buy must at least has some colors on the map! :) The one with "Priority Precinct" has the highest potential in my opinion. There are totally 10 of them.

In general (base on my observation), the property price by Sydney region in descending order as follow:

  • City center
  • Eastern Suburbs
  • Northern Suburbs (further away from city is cheaper)
  • Inner West 
  • Rest of the Western Areas (further away from city is cheaper)
  • Southern Sydney
  • South-western Sydney

If you look at the map again, you can tell the focus development area is mostly at northern areas. So my recommendation to invest is this area. City center is good to invest too but it maybe too expensive in your budget. Just my 2 cents. :)

Saturday, February 28, 2015

Company Title - Is it different from Strata Title?

I came across this "Company Title" term when looking for a property in Australia particularly for apartment property. It seems like not all apartments are strata title, some of them are actually company title. What are the differences?

Company Title vs Strata Title

  • Unlike strata, you actually do NOT own the title. The company owns it and gives you the share so that you have the rights to stay on the certain areas of the property (e.g. house unit). 
  • If you want to sell your property, you're required to get the approval from the board of directors of that company. For Strata title, you can decide whether you want to sell it or not by yourself and you do not required to get approval from anybody.
  • Getting loan from bank is harder for company tittle as compared to strata title due the appreciation value.
  • Company title properties are usually cheaper, I guess that is the only benefits. What else?
  • It is also easier to address issue with the management of the company title as compared to the strata title manager? I'm not sure how true this is and I personally think they're the same. 

Given the only benefits of company title is "cheap", I'm not favor in buying company title property. Also be careful of buying an apartment, don't always assume it is always strata title!

P/S: I"m not sure if Malaysia has such thing. I know there is an investment scheme to own a property or hotel and you're giving some kind of shares too. Maybe that is a similar thing? For apartment buying in Malaysia, the common trap that we want to avoid is commercial title unit - see my previous post here.

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