Buying property for investment. Where?

My wife and I are planning to buy property of investment. Maybe a 2 bedroom apartment unit. The only thing is we cannot decide where. We are presently only considering Singapore and Australia.

Singapore rentals are very high. The tax is low. And the loan rates are low(er). However, the prices are on the upswing. There is a possibility that we might not be able to rent out the unit.

We are also considering Australia as we might retire there. Specifically Brisbane or Melbourne. And the property prices have been shooting up so fast, we are worried that if we do not buy now, we will not get a chance. There is also very low vacancy rate so we are quite sure to rent out the unit. However, the taxes are high. There is even a tax on the rent itself. And the rent is nothing great.

So any advice?

In general, you should by rental property where you live. Is this your first rental property? If so, get some experience before going international.

International property ownership comes with some additional challenges. Investigate ownership laws, legal notifications, procedures etc. for example, how long does it take to evict a tenant?

In order to evaluate the two choices, develop a proposed budget for your rental. Income, vacancy, management, maintenance, taxes, insurance, etc.

Does it make or lose money after all is done?

Appreciation is fickle and hard to predict. What goes up DOES come down. (revert to the norm)

You should look for communities that have historically been strong, but have seen prices fall recently. This why you can get good real estate at a good value.

An excelent way to find them is by looking at foreclosers. You will find quite a few of undervalued properties in the listings that are in very good communites.

When investing internationally, it is a good idea to consult a real estate attorney familiar with the laws of the nation you are looking to invest in.