August 2014 Update. Buying Real estate in Australia.

During last weekend, I went to a Australia Off the plan real estate promotion event in Macau. The project name is The Altus, located in Docklands, Melbourne. Since I did my tertiary education in Australia, graduate from Monash Uni in Medicine. Australia is like a second home to me. I always felt like buying some real estate in Australia for long term investment purpose. I came across this 2 bedroom, 1 bathroom, 1 car space dealing cost AUD 579,700. The developer required 10% down within 1 week and settlement in 2 years time when the project is come. The location I think it idea with close to city Melbourne CBD and the Docklands it one of the government largest urban renewal project. There is a lot of potential in the location. With some funding issue, I had the developer adjust some term and price for me. With 5% down paid within 1 week and another 5% in 3 months time and small discount on the price of 4700 to be rebate on settlement. This seem a good opportunity for me to buy something in Australia. So I have pay the reservation fee to reserve my spot. I will talk about the fund raising issue on my next post. Article by Macao Millionaire Doctor www.macaomillionairedoctor.blogspot.com