With economic and political stability and consistent growth in Australia, our property market is extremely sought-after by investors from other countries.
With a great lifestyle and high standard of living, Australia is experiencing increasing migration and growth in its population. Because of this, most capital cities have a shortage of housing, and demand is consistently strong. So investing in property in Australia, particularly in its major cities, gives overseas buyers like you great potential for excellent financial returns.
And the good news is that investing in Australia is much more feasible than in other sought-after countries such as the UK or US, which have more restrictive policies for foreign property investment.
Australia’s robust consumer protection laws, as well as responsible banking regulations and favourable foreign investment legislation allow you to set up a safe financial nest egg in this country.
What you need to know
All it takes to get started is to familiarise yourself with the requirements, and prepare well.
Get your team together
Engaging the services of these professionals will help you have a smooth experience:
Quite simply, we do everything on your behalf. We are your 100% independent buyers’ agents with decades of experience advocating for international buyers just like you.
We can assemble the team of professionals mentioned above and manage them for you, carry out extensive research on suitable properties (or planned properties), find the right opportunities, and facilitate the entire purchasing process from start to finish.
At Providence Property, we give you the peace of mind of selecting the right property to invest in.
We do this by vetting the vendor's credibility, past performance, previous build quality, previous completion times, and overall risk profile of buying a new off-the-plan property from a developer.
We also validate the sale price to ensure the vendor is not selling at an inflated price based on a future completion date.
Here is what you can expect when you work with us:
1) Ask for a no-obligation free initial consultation with us to find out how we can facilitate the
entire buying process for you. We can speak via Skype, Zoom or on the telephone.
During this call, we get to know your individual circumstances, go through the requirements, and
sketch out an individual plan for moving forward. We also let you know the costs involved so
you are fully informed.
2) If you agree to our plan, we sign an exclusive agreement for XX months and you pay an up-front
3) If you already have external professionals such as mortgage brokers or accountants in Australia,
we can get in touch with them so we can coordinate their processes. We structure this so your
only point of contact will be us, making the whole process easier for you.
Alternatively, we can recommend trusted professionals in these fields. Please note that fees for
all external professionals is separate to our fees: our role is one of coordination only.
4) We then research all the best buying opportunities for new and future dwellings according to
the brief and budget we agreed on with you. We look into all aspects of a developer’s history
such as quality of the build, completion times and other important risk factors.
A price analysis is made to determine the true market value of the property to ensure the
vendor is not asking for an inflated price, and ongoing costs and expected rental returns are
researched. All this is provided to you in an easy-to-understand report in which we explain why
we recommend a particular project.
5) We consult with you about our findings and answer any questions.
6) If you would like to go ahead with the purchase, we do everything on your behalf to complete
the sale, including liaising with the solicitor to get compulsory FIRB approval, working with the
sales agent, and arranging a pre-settlement inspection using an accredited company. All the way
through to settlement.
As your 100% independent buyers’ agent, we are committed to making the best possible
purchase with conditions that favour you.
7) The balance of the fees owing are to be paid within a week of the exchange of contracts.
What’s Next? After settlement, and once the building has been completed, we can get you in touch
with an appropriate real estate managing agent who offers reasonable fees and has a good
reputation to lease the property for you.
This property manager will gather all the financial information you need once a year to file your
annual tax return in Australia, making this simple for you.
With a proven track record of outstanding results, at Providence Property, we are committed to helping you make informed decisions based on research and current market data, and an in-depth knowledge of the real estate market. Find out more about our credentials here. [create a hyperlink to your Credentials document aimed specifically at international buyers].
Now there is no need for you to guess, and no need for you to visit Australia to confidently purchase property here.
Where do you begin? Contact us for your initial free consultation by filling out this contact form or call us on 1300 252 550. We look forward to working with you soon.