Australia property transactions are done a lot differently. As a foreigner, unless you want to own property in Australia jointly with an Australian Citizen, you will need approval from the government. You can negotiate a five per cent cash deposit rather than the standard ten if you do not have the full ten per cent ready to go in cash.If you are after Australian property in the inner city always buy with a car space – it’s worth the extra cost over the mid to longer term.Get your loan pre-approval and have a chat with a solicitor before you start to look for your so when you do find something you are ready to act fast.Given that interest rates have been going down, rental yields are now looking stronger - meaning that good Australian properties rent easily and occupancy rates are high.Some new developments may offer a rental guarantee to investors so you don’t have to worry about finding a tenant for the first 12 to 18 months.If you are buying a new property in Australia try to find out what the developer has done before so you avoid buying into something that is badly built and later becomes a money pit.Do as many checks as you can before entering into a sale contract – search the books and records for a strata building and have a building inspection conducted. Your solicitor can arrange this for you. Unlike in the UK you cannot pull out of the contract after signing it if you later discover something objectionable about the Australia property.Some information contained herein may have changed since it was first published. Homes Overseas strongly advises you to seek current legal and/or financial advise from a qualified professional.
Price: £239,298
Type: New Home
Bedrooms: 4
In an ideal location, only 45mins north of the city centre, this large home is ready to be built in Renaissance Rise Estate. Close to schools, shopping centres and public transport, this area is in a rapid growth corridor of the northern suburbs. 220
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In an ideal location, only 45mins north of the city centre, this large home is ready to be built in the highly sought after Mernda Village Estate.
Price: £235,295
Price: £228,662
Bedrooms: 3
In an ideal location, only 50mins south-east of the city centre, this large home is ready to be built in the highly sought after Alarah Estate.
Price: £228,605
You need look no further for an investment property. Our house & land packages are ready to be built on land we have available in estates across Melbourne. This is 100% Turnkey. For a full list of inclusions or more details, contact us.
Price: £223,516
In an ideal location, only 45mins north of the Melbourne Central Business District, this home is ready to be built in the Renaissance Rise Estate, Mernda.
Price: £208,363
Price: £203,000
Type: House
Bedrooms: 1/2
Classic Coastal Living at Sefton Grange on the beautiful Mornington Peninsula
Price: £200,000
Type: Apartment
Description - Vue Grande - Melbourne’s newest land mark residential tower is a fantastic opportunity to secure your future.
Price: £198,128
In an ideal location, only 45mins west of the Melbourne city centre, this home is ready to be built in the Timaru Estate, Darley.
Bedrooms: 1 & 2
This picturesque Central Park features beautiful open space perfect for a range of activities and includes walking and biking tracks connected to the area’s trail network and BBQ’s.
Prices from: £200,000
Vue Grande, Southbank: Melbourne’s newest land mark residential tower. Indoor heated lap pool, gym & BBQ area.
