As a buyer it is always best to be well informed and well prepared when looking into making a property purchase. At Iconic we strive on providing our clients with up to date information, tips and advice.
Below are some tips to assist your buying experience.
– Seek advice from your financial consultant for advice on the most suitable loan options and pre loan approvals.
– Shortlist your property criteria including suburbs, number of bedrooms, number of bathrooms, accessibility, parking and budget.
– Research you shortlisted suburbs and attend as many open houses as possible to gain a feel for the local market.
– Obtain a solicitor to review any sales contracts of interest.
– It is important to be aware and advised in the process of signing a contract of sale.
– Once a contract of sale is signed you will be required to place a deposit, which will be an agreed and nominated percentage of the sale price.
– Generally there is a provision of a cooling off period of five business days which will allow the purchaser time t arrange any necessary inspections, certificates and loan approvals.
– If the purchaser/purchasers solicitor has signed a 66W certificate this waives the purchasers right to a cooling off period.
– If the property is sold at Auction there is no cooling off period.
– We advise all purchasers to carry out a pre settlement inspection.
Overseas Buyer Information
The Australian government has placed policies and procedures to encourage foreign investment in Australia and to ensure that such investment is consistent with the Australian community needs.
The Australian governments foreign investment policy has been developed as the government recognizes the importance of offshore investments in the contribution in the development of Australia’s industry.
Foreign investors should notify the government to gain prior approval in acquiring an interest in real estate in Australia.
Foreign investment review board guidance notes
Guidance notes for temporary residents