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 »

Are You Ready for a Mortgage?

If you’re looking at becoming an Australian property owner, you’ll probably be like the vast majority of people who can’t pay 100% of the cost of the property and require a mortgage. Getting your mortgage is important. Not only will it determine whether or not you’ll be able to buy a home right now but it’ll have a major impact on your finances for the foreseeable future, too. Shopping for a mortgage isn’t as easy as shopping for, say, a car.  You don’t really have the negotiating / haggling power you’d have with smaller purchases. But you can increase your […] Read more »

Using Online Real Estate Auctions to Buy or Sell a Home

Many people are familiar with online real estate listings, but homes are also being bought and sold through online real estate auctions. A real estate auction is the same as any other product auction, except people are bidding on homes, commercial property, or large residential developments. The seller sets a reserve and bidders try to meet the reserve without going too much over the set amount. With an online real estate listing all a buyer can do is browse the different listings and decide what. With an online real estate auction, a buyer can actually register and bid on the […] Read more »