RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  
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Home Loan Variable: 5.88% (6.07%*) • Home Loan Fixed: 5.49% (6.26%*) • Fixed: 5.49% (6.26%*) • Variable: 5.88% (6.07%*) • Investment IO: 5.79% (6.41%*) • Investment PI: 5.69% (6.48%*)

Anyone willing to pay $1.50 for a house?

The catch is you need to move .. apart from that .. renovate you new home and starting enjoying a very relaxed and changed lifestyle.

Through this a program was born: selling these properties for €1 to people who would renovate them and bring new life to charming towns beginning to decay.

And the story of one person of the 120 so far who have done so …

“For me that wasn’t dramatic because I very clearly wanted to move to Italy to become an Italian resident after Brexit, and to get my residency I needed a place of residence,” he said.

“I wasn’t living there at the time but it was my permanent registered address, so I invested €3000 in being a resident here. Some people pay lawyers much more to get their residency, so in hindsight, yes, it cost me some money, but it was worth it.”

You can read the full story via www.realestate.com.au

#interestrates #mortgagebrokers #developmentfinance  #propertyinvestors  #constructionloans

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