Australian laws provide for the sale of real estate to foreign
citizens who are not residents of Australia, the following conditions:
1.Pokupka only new apartments or houses (where no one has ever lived).
2.Mozhno buy land to build, but only with those who offer
house plans. (Do not buy just one land).
3.Mozhno buy, how to built housing, and with the plan (originally
paid a certain fee before the start of construction, and then pay
produced by arrangement with the company).
When signing the contract, we recommend that clients use a law firm, which will monitor the execution of documents and protect their rights.
Our partners can recommend an Australian lawyer or to arrange a direct collaboration between developers and lawyers counsel clients who have tracked for the design contract.
In signing the contract of sale need 10% deposit, which will be located in the developer's attorney trust account at all times until the end of construction and final design documents of purchase. All documents are issued and certified by the lawyers of both parties.
General regulation
Buying a Plan:
10% deposit + balance remaining upon completion of the project.
Additional expenses including state taxes 1%
To obtain permission from the FIRB fill in the form R3.
No time limits visa.
Upon receiving consent from the FIRB (Investment Board) a foreign citizen has the right to reserve the property when leaving the country, rent it or sell on the secondary market.
Buying a new home already built, in which no one has ever lived:
+ 10% deposit the remaining amount as negotiated in the contract. (Usually 1-3 months)
Additional expenses including state taxes ~ 2,5%
To obtain permission from the FIRB fill in the form R3.
No time limits visa.
Upon receiving consent from the FIRB (Investment Board) a foreign citizen has the right to reserve the property when leaving the country, rent it or sell on the secondary market at its own discretion.
Buying a property in the secondary market:
+ Deposit the remaining amount as negotiated in the contract.
Additional expenses including state taxes ~ 2,5%
To obtain permission from the FIRB fill in the form R3.
At the time of signing the contract expiration date of the visa for the buyer to exceed 12 months.
Upon receiving consent from the FIRB (Investment Board) a foreign citizen does NOT have the right to take the acquired property for rent and must sell it at the expiration of a visa or leaving the country.
 Additional costs when buying real estate (off the plan) during construction, the total cost will not exceed 1% of the cost of housing.
When buying a finished housing additional costs would be about 2,5% .0
There is also stamp duty, it is different in every state, but in general:
If the property value to 20 000 $ - 1.4%
If 20 000 $ to 115 000-280 000 $ a plus 2.4% from 20 000 $
More than $ 115,000 but not more than 870 000% plus 6% from $ 115,000
More than 870 000 $ - 5.5% of the cost
According to local laws, the stamp duty depends on the stage of construction. Ie less built, the less tax.  Expenditure on the typical real estate income from residential property in Australia to surrender its lease is 3,9-4,5% .0 If we compare the figures with the bank rate of 7.57%, the value of content will be 3.07% .0 On the other parties should bear in mind that the price increase for residential nedzhizhimost is 7-10% per year, which is a major factor for investors. Banks. Credits. In Australia, mortgage loans for non-issue for 70% of the cost of housing. Mortgage loan is granted a maximum of 30 years, the average interest rate - 5.24%
In Australia, banks offer different loan programs - floating rate and fixed interest rate for 1,2,3,5 or 10 years.
If the rate is floating, the bank can change it at their discretion at any time - usually related to changes in interest rates on loans to the Central Bank of Australia. But in this case, the client may at any time to change the bank issuing the loan (usually without penalty) or to repay part of the loan or the credit entirely without penalty.
If the rate is fixed, the bank sets it for a period of 1,2,3,5 or 10 years and at the end of this period offers to renew a credit agreement with a new fixed-rate or no answer automatically sets the floating rate.
Foreigners in Australia are permitted to purchase various types of real estate, including apartments and townhouses, apartment blocks and land. Foreigners may buy property during the construction period and within 12 months after its completion.
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Buying property - Australia