Property in Australia has been a dream for many people for some time; dreaming of a life on a sun-drenched beach and patrolling the hinterland, but of course there are many other things to consider.
Will the property appreciate? is always an important consideration. Over time the property always has but it is always worth studying closely the market and the conditions of the moment and the place. One of the main advantages of the Australian property market is the high profitability of the rentals and this will improve, since the demand already exceeds the availability, and more and more
More young people are moving to cities from rural Australia as the lure of high-tech jobs tempts them to the cities. Off-plan property is also available and is often a good markup option, but again you must obtain a license from the FIRB, this is usually a formality that can be
solved in a couple of months as long as you have all your papers in order. Another item worth mentioning that applies everywhere, but particularly in certain areas of Australia, is how green the property is. How efficient is energy and water?
This is sure to become more important in the coming years as energy and water become more expensive and governments apply green taxes. I hope the Australian government is at the forefront of this type of initiative. Obtaining a visa to live in Australia is not easy and you need permission as a foreigner to invest in real estate, however once this is done the processes for buying a property in Australia are relatively straightforward. The economy in the circumstances is good with low unemployment and certain sectors, especially mining, are doing well. The healthy outdoor lifestyle is another thing that people often cite as the reason for moving to Australia.
In buy-to-let sectors, student accommodation should also be considered with an increasing number of young people flocking to the big universities in the cities. However, whether it is students, workers, or families, one thing to make sure is that your leasing agent is very responsible.
