The global economy greatly affects the prices of homes in Australia, and the number of bank repossessions increases every time the global economy suffers. While some lenders are more lenient with homeowners who have a history of paying their house payment on time and being long-term customers, the rate of bank repossessions still rises when [...]
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Cost to buy a home in Australia If you’re looking to invest in a piece of Australian real estate, it’s important to know the costs associated with buying a house. Home buyers, especially younger first home buyers, may not realise all of the extra home loan costs. From taxes to duty fees, home buyers must [...]
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Australian Housing Shortage As more people flock to Australia for retirement or to purchase second homes, the supply of new housing is short to meet the demand. Also increasing the need for new housing is the expected surge in Australia’s population. The main problem with the housing shortage is that house values will rise, as [...]
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Foreign Investors Investing in Australian real estate can be a great foreign investment as long as you know and follow the real estate rules. Foreign investors must be approved in order to purchase residential real estate, vacant land, or commercial property in Australia. Even non-citizen family members of Australian citizens must seek approval before being [...]
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