Welcome, Wilkommen, huan ying, bienvenue, selamat datang, irasshai……
Wherever you may be, we can help you buy an apartment in Australia.
Australia’s legal system offers strong security and protection for property owners. Most property in Australia is under a Freehold Title, which means that it is owned and not leased. Australia offers true long term property investment options, as it is the only country in the Asia pacific region which allows you to have total property ownership and hence a place where your investment can be passed on to your family.
Government regulations ensure that the owners rights are protected and building guarantees are in place to certify that the quality and standard of the building is high.
The Australian Government, through the Foreign Investment Review Board (FIRB), regulates the sale of Australian property to overseas persons and corporations. The FIRB ensures that property offered to foreign investors is sound and with good returns. By overseeing the practices of both property developers and real estate agents, the FIRB ensures Australia remains competitive and a world class destination for foreign investments. This is important to our off-shore investors who remotely need to be assured that their investment is safe and sound.
Australian property is an easy asset to maintain from overseas. The Australian property industry is well experienced in assisting investors obtain property, help place and manage tenancies and look after the well being of the property.
Non – residents typical purchase costs
As a general rule investors should allow:
- Legal fees: AUD$1,200 to $1,500
- Loan Application and settlement fees: AUD$500 to $800
- Government transfer fees etc: $600 to $1,500
- Valuation: Usually included in loan application
- Property Stamp Duty: This is a state duty and varies for each state.
For further information in relation to specific criteria and eligibility, please speak to a member from our team, who will be able to refer you to a suitable professional. Alternatively, visit the Foreign Investment Review Board web site at: www.firb.gov.au