What are the costs of buying a property?

Deposit – usually 10-20% of the home’s overall cost Stamp Duty – differs in each state Lenders mortgage insurance if you borrow more than 80% of the property purchase price Building insurance Legal help such as lawyers or conveyancers Building, pest and strata inspections Council rates and strata fees Moving costs

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What are the different ways to buy a home?

There are 3 main ways to buy real estate in Australia Private treaty – when the vendor, or home owner sets the price they would like to sell their property for and their real estate agent negotiates individually with prospective buyers to achieve a sale as close to this price as possible. Auction – which is a public sale conducted …

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What questions should I ask the agent when buying a home?

  Can you show me a recent property sales report to show what the house is worth? Why is the vendor selling? How long has the property been on the market? Are there any known issues with the property, land or neighbours’ properties? Exactly what is included in the sale? How long have the owners lived there? Is the property …

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Foreign Investor FAQ

Q1 I am a foreign person, can I buy property in Australia? Answer: Yes, you may purchase property in Australia subject to Foreign Investor Review Board’s (FIRB) approval. Q2 What type of property can I buy in Australia? Answer: You can purchase as many new properties, vacant land or established dwellings for redevelopment that you can receive an approval to …

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