Buy Property in Australia from Overseas Series Part 4: Foreign Investments Review Board Info

FIRB Review

Welcome to part 4 of our Buy Property in Australia from Overseas Series. This week will be about Foreign Investments Review Board Info. To read other posts in this series, you can visit: Part 1: Real Estate Industry Professionals Foreign Investors Should Deal With Part 2:  Important  Australia Financing Info for Foreign Investors Part 3: Benefit from Mortgage Pre-Approval International investors who wish to secure real estate holdings in Australia must first be recommended to the treasury by the Foreign Investments Review Board (FIRB). Any international investor interested in non-residential land that’s currently unoccupied, residential real estate, shares in land […] Read more »

Buy Property in Australia from Overseas Series Part 3: Benefit from Mortgage Pre-Approval

Welcome to part 3 of our Buy Property in Australia from Overseas Series. Part 1: Real Estate Industry Professionals Foreign Investors Should Deal With Part 2:  Important  Australia Financing Info for Foreign Investors Mortgage pre-approval is important for any home buyer looking to purchase Australian property. Pre-approval is the process of finding out just how much your lender believes you can afford to mortgage. This lets you know if the properties you’re looking at are out of your budget, or if you can afford more property than -you originally thought. If you haven’t started looking at Australian real estate, getting […] Read more »

Buy Property in Australia from Overseas Series Part 2: Important Info About Financing Your Property

(Read Part 1 of the Buy Property in Australia from Overseas series) Unless you have all of the cash needed to purchase Australian property, you will need to finance your property through an Australian bank or lender. With a number of different Australian lenders available to overseas buyers, you should work with an experienced mortgage broker who can help you find the best loan agreement terms from a reputable bank. Even with professionals on your side, it’s always best to understand the basic process of financing your overseas property before speaking to a broker and applying for a loan.   […] Read more »

Buy Property in Australia from Overseas Series Part 1: Industry Professionals You Should Consider Dealing With

If you’re interested in buying overseas property, Australia offers great potential for return on your investment. Things are much more stable in Australia than in many other countries, making in an attractive proposition to many investors. Many properties are being bought by citizens of the UK, US, and Canada. Over the next several posts, I’m going to go over some of the areas you’ll want to be informed about when looking at buying an Australian piece of property (when you aren’t already living in Australia). I hope this information helps you.  As always, you will probably want professional advice for […] Read more »

4 People to Get Acquainted with for Your First Home Purchase

handshake

So you’re ready to buy a house. Your first home purchase is a big deal. Congratulations on reaching this major milestone in life. The next few months are going to be a learning experience for you. But you don’t have to navigate the world of real estate entirely alone. Here are some of the people that will help you as well as some important tips to keep in mind: A Banker The right financial approach is important to help you get approved for financing and to help you get as favourable an interest rate as possible. It’s wise to get […] Read more »

7 Ways to Lower the Risk of Being Declined for a Mortgage Application

avoid mortgage decline

Deciding that it’s time to buy a home of your own is an exciting time, indeed. But what if you’re ready and lenders think that you are not? Read on for some tips to prepare yourself for the best outcome with a mortgage application possible. Check your credit before you apply. Know what others will see when they look. This can help you see yourself as a potential borrower and if there are errors, you can work to correct them. Don’t have too much debt. If your debt ratio is high, you’ll look like you’re not ready to qualify for […] Read more »

Thinking About Buying Australian Foreclosure Properties? Read This First

repossessed homes

It’s an unfortunate reality that people can lose their homes because they can’t afford to pay their mortgage. Sometimes it happens because of job loss or other financial trouble. Other times, it was doomed from the start because someone purchased a home outside of their means. The right preparation for home ownership and the mortgage are both important. You need to carefully consider how much house you can afford and shop around for the best interest rates possible so you don’t wind up with your house on auction due to foreclosure. This sounds rudimentary, of course, but you might be […] Read more »

Some Pros and Cons of Rent to Buy Schemes

If you are thinking about buying a home, a rent to buy might be an option you’re interested in. The big pro is that this can be a way to buy a home sooner, rather than later, because you can get into your own home without having to save for forever for your down payment. But there are some cons to be aware of as well… No Down Payment Home Buying Buying a home is a monumental occasion but for many Australians, saving the down payment is no easy feat. That’s why many people look at rent to buy schemes. […] Read more »

What Help Can I Get if I’m Not Happy with My Real Estate Agent?

Are You Unhappy with your WA Real Estate Agent? If you’re dealing with an Australian real estate and you’re really unhappy with the results, there are things you can do about this.  The legal system is designed to protect consumers! Beyond complaining to a company or beyond sacking a real estate agent and hiring someone else, there are other things you can do when you feel that your transaction isn’t being handled properly or when you feel like you’ve been the victim of fraud. The Australian government has a set of standards for the real estate industry in order to […] Read more »

Western Australia Real Estate Questions – What if I have a Problem with My Sale?

Avoiding real estate fraud is something that isn’t always in the minds of home buyers and sellers in Western Australia. But you need to be protected so that you don’t become a victim of any sort of fraud that will cost you money or stress. Whether you’re buying or selling a home, navigating the legalities in the world of real estate isn’t always easy. Mountains of contracts and associated paperwork can feel overwhelming. Home buyers and sellers should do some reearch and familiarise themselves with basic real estate law in their area as it relates to the type of sale […] Read more »