Apartment in Perth CBD or House in West Swan
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verykiasu2010:
I poked about Cambridge a bit... but didn't find anything that was a clear GO. I should poke about a bit more probably... Yes. Good point on risk concentration. We're watching that already. Thanks!!
putting in a chunk of money into a single piece of overseas real estate = risk concentration, unless that amount is less than 20% of your portfolio....20% is just an arbitrary number, but around there as a bench markChenonceau:
Gee... thanks for weighing in. Nope... no intention to live there nor relocate. At least, not for now. We came to the same conclusions as you...
(1) apartment in CBD better
(2) BUT not in Sydney nor Melbourne
(3) spare me the aggravation of building another house
(4) wanna park the money somewhere as inflation hedge for the next 5 to 10 years... getting a bit old... dun wanna be too aggressive in risk management
(5) Perth properties have not moved much since 2008, looks like (your thoughts?)
Awwwww... you read my blog!! :love:
my alternative view is hotel-apartments in central London near to universities with very stable rental income from uni students and / or working professionals in the City -
3Boys:
it is about a US$1 for each bottle of red, bottled, and exported, CIF landed price before import tax, vineyard's profit included
Forgot to add the tongue in cheek on the vineyard......
I was speaking to a wine-maker and Aussies producers are having a really bad time right now. Thanks to the commodities rush and the stratospheric Oz dollar, they can't export competitively and being slaughtered. Cheaper to drink a bottle of Bordeaux in Australia than Oz wine.
\"How to make a small fortune? Start with a large one and invest in a vineyard.\"
- Unknown
Still, rolling hills with sepia tinted sky and neat rows of vines.....very romanticised hor? -
verykiasu2010:
very good name wines' vineyard in Italy and France could be had for less than a million euros, in production, on-site winery, bankable .... Chateau Chenonceau cabernet sauvignon 2012 anyone ?[/quote]Pardon my ignorance... doesn't one need to be at least somewhat interested in viticulture to think seriously about buying a vineyard in France? Or at least have some passing knowledge of how wine is made? At least the really old labels... No sarcasm here. I really wanna know if you know anything interesting... no harm casting my net wide.
But of course....3Boys:
[quote=\"Chenonceau\"]
Awwwww... you read my blog!! :love:
I think there should be low volatility in Perth housing prices. The commodities story still has legs in it, although it's probably been overplayed a bit in the last couple of years. The capital gains tax piece is a little painful though, but is also serves to tamp down speculative behaviour.
How about a nice vineyard in the Margaret River region instead.....?
And as I recall Chateau Chenonceau is known for selling sex in the time of Catherine de Medicis and homosexuality in the times of her son... been there 5 times... no got wine leh... plenty of scandals though.
1 million euros... whoa! Unless I can find a good leveraging financial mechanism, that's too much money in one basket... too risky for my stomach. -
for vineyard, you do your due diligence too
go to wine shop, check it out
most vineyards belong to a regional association, the annual output is audited, check where it is bottled - on-site or off-site? there are also third party report,
the Brits used to be buying up vineyard in France as a holiday home, but the PRC Chinese are buying them all up and shipping the wine home and making a bundle out of it, bidding up the prices of the vineyard too
watch out for bankruptcy sales of vineyards in Greece and Italy, it should be coming, cheap cheap, times are bad, esp those seaside holiday homes in Greece … -
verykiasu2010:
:thankyou: Opportunity in plain sight. Time to do some research.for vineyard, you do your due diligence too
go to wine shop, check it out
most vineyards belong to a regional association, the annual output is audited, check where it is bottled - on-site or off-site? there are also third party report,
the Brits used to be buying up vineyard in France as a holiday home, but the PRC Chinese are buying them all up and shipping the wine home and making a bundle out of it, bidding up the prices of the vineyard too
watch out for bankruptcy sales of vineyards in Greece and Italy, it should be coming, cheap cheap, times are bad, esp those seaside holiday homes in Greece ...... -
Chenonceau:
Errr....yes.
Pardon my ignorance... doesn't one need to be at least somewhat interested in viticulture to think seriously about buying a vineyard in France? Or at least have some passing knowledge of how wine is made?
The high end Bordeaux bubble will burst at some point, if not already..... http://www.thedrinksbusiness.com/2012/04/lafite-to-release-early-and-low/. Too much silly money in French wine/vineyards right now, in my view.
Greece is going nowhere fast, cheap now, will still be cheap in 5 years. If I were looking at a distressed market, it would be Ireland. -
3Boys:
I dun got that much dough anyway... I'm just excited at the various opportunities that I can look into. Not in a hurry. Might need 5 years to afford somethin'.
Errr....yes.Chenonceau:
Pardon my ignorance... doesn't one need to be at least somewhat interested in viticulture to think seriously about buying a vineyard in France? Or at least have some passing knowledge of how wine is made?
The high end Bordeaux bubble will burst at some point, if not already..... http://www.thedrinksbusiness.com/2012/04/lafite-to-release-early-and-low/. Too much silly money in French wine/vineyards right now, in my view.
Greece is going nowhere fast, cheap now, will still be cheap in 5 years. If I were looking at a distressed market, it would be Ireland. -
verykiasu2010:
Thanks for sharing. I feel very ignorant next to you. This is exciting though... I got a lotta learning to do. Dun buy also ne'er mind... can satisfy my learning.for vineyard, you do your due diligence too
go to wine shop, check it out
most vineyards belong to a regional association, the annual output is audited, check where it is bottled - on-site or off-site? there are also third party report,
the Brits used to be buying up vineyard in France as a holiday home, but the PRC Chinese are buying them all up and shipping the wine home and making a bundle out of it, bidding up the prices of the vineyard too
watch out for bankruptcy sales of vineyards in Greece and Italy, it should be coming, cheap cheap, times are bad, esp those seaside holiday homes in Greece ...... -
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Chenonceau:
Congratulations!AU Apartments...
http://petunialee.blogspot.com/2012/05/au-apartments-in-perth.html
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