NDL REALTY HOSTS SUCCESSFUL INVESTMENT SEMINAR IN MALAYSIA

NDL REALTY HOSTS SUCCESSFUL INVESTMENT SEMINAR IN MALAYSIA

• Posted By Prince Lakshman

KUALA LUMPUR — Melbourne-based real estate agency NDL REALTY combined the knowledge and expertise of three presenters from Melbourne to deliver a successful property investment seminar in Eastin Hotel, Kuala Lumpur last September 22–23, 2018.

The two-day seminar was designed to educate foreign investors on how to maximise the benefits of their property investments in Australia and how they can secure loans amidst the current tight lending restrictions for foreigners in the country.

In attendance were current and interested property investors residing in Malaysia who wanted to learn about the present real estate climate in Australia and the ways they can get a foot into the country’s lucrative sector.

The presenters, all from Melbourne, were Mr Peter Loh of P Loh & Co, Mr Ratanjit Singh of Auspac Finance, and Mr Charles Lim of CLKN Architects.

Among the things discussed, aside from the advantages of investing in the ever-growing Victorian capital city, was the current taxation reforms in Australia.

Mr Loh highlighted the latest in a slew of taxes and restrictions on foreign buyers, especially stamp duties, capital gain tax, and the so-called “ghost tax” imposed on vacant properties among others. All of which would have significant impact on foreign buyers. Despite the Capital controls, restrictions on bank financing to offshore buyers, and new foreign buyer taxes and restrictions, Mr Singh of Auspac Finance assured the participants that they can still get hold of an investment property in Melbourne through alternative lending institutions outside the four big banks of Australia.

The Auspac Finance representative then introduced non-bank lenders.

A non-bank lender is an institution other than a bank, credit union or building society that is offering loan products to consumers, including investment banks, mortgage originators, insurance companies, mortgage brokers and more. These lending institutions do not hold a banking licence, but they are also tightly regulated, as defined by the Consumer Credit Code, which governs all credit transactions in Australia, and by the Australian Securities and Investments Commission (ASIC).

Lastly, Mr Lim discussed the politics and planning, standards and legislation, and the architecture of urban housing in Australia.

The founding chairman of CLKN Architects explained how the government enforces planning controls when constructing new properties especially in neighbourhood residential zones. He shared how even a modestly sized apartment building typically requires input from a dozen of consultants.

According to Mr Lim, getting a high quality architect firm that has extensive experience in the real estate landscape in Melbourne can help investors save more when it comes to building or renovating a property.

Attendees and participants were given the opportunity to ask the presenters about the investment opportunities in Melbourne and how they can realise them in profitable and sustainable ways. A one-on-one consultation also followed after the seminar.

NDL REALTY Director, Prince J S Lakshman, expressed his pleasure at collaborating with the event’s notable speakers and the attendance of all the guests present. Attendees were given an exclusive property management rates offer should they wish to transfer their properties to NDL REALTY’s hassle-free platform. Also in attendance were the NDL REALTY Melbourne property management team with the support of Kota Kinabalu’s DL Real Estate.

Some highlights from the two-day event: