Source expert help from your local mortgage broker prior to making an offer on any property; your Loan Market mortgage broker has access to every major bank and secure lender in Australia, and can assist you to find an appropriate home loan.
FIRB Update - What you Need to Know About Buying Property as a Temporary Resident living in Australia.
On 24 April 2010, the Government announced that TEMPORARY residents are now required to obtain FIRB approval to acquire residential real estate in Australia.
IN SUMMARY
Temporary Residents are:
Required to apply for FIRB Approval BEFORE acquiring residential property.
Eligible to purchase an established property, a newly built property or vacant land* for owner occupied purposes.
Eligible to purchase newly built dwellings or vacant land* for investment purposes.
(* Vacant Land restrictions – continuous construction needs to ...
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Categories: Finance News, Sandra Crossland. Tags: Approval, Australia, Dwellings, Firb, Home Loan, House, Non-resident, residents, Vacant Land.
Real estate groups continue to report strong sales month on month, in a sign that the property market is on track for another solid year.
Australia’s largest property group, Ray White, announced yesterday that it had recorded its best ever residential sales in results in Victoria last month.
According to the real estate group, statewide sales figures for February totalled in excess of $350 million – a 58 per cent increase on sales for the corresponding month.
Ray White Victorian general manager Marcus Williams said the highly active residential market was expected to continue in the short term despite the Reserve ...
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Categories: Property. Tags: Australia, Home Loan, Investment, Proeprty, Ray White.
If you're from overseas and considering investing in Australia, it's important you understand the Foreign Investment Rules for residential real estate.
Australia’s foreign investment rules are designed to ensure that foreign investment benefits the sector, by adding to the residential housing supply and promoting new construction activity.
Under Australian law, non-residents, i.e. foreign buyers living overseas, are prohibited from purchasing established (already built and lived in) residential property.
Non-residents are permitted to purchase new housing, or vacant land that is developed within 24 months of purchase, subject to pre-approval from the Foreign Investment Review Board (FIRB). All non-residents must notify ...
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Categories: Finance News. Tags: Australia, Firb, Investment, Property Investment, Residential Property.
Today Ray White is Australasia's Supergroup
Almost 1,000 individual Ray White offices are spread across Australia, New Zealand, Indonesia, China and Thailand. Together Ray White help around 220,000 home owners and purchasers successfully buy and sell property every year.
With an annual sales turnover consistently exceeding $3 billion per month, Ray White today provides a broad range of real estate and related property services.
For example, we managed some 300,000 rental properties last year and our commercial sales are approaching $1.5 billion per annum.
As an Australian family owned business. Ray White's got a lot to be proud of. Below is ...
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Categories: Property. Tags: Australia, Investment, Property, Queensland, Ray White.
New research: house prices tipped to rise 20 per cent
New research from BIS Schrapnel suggests house prices will climb by almost 20 per cent over the next three years.
This means the average house price will go up by more than $100,000.
An article from The Herald Sun said the report showed house prices rising by 3 per cent this financial year and 8 per cent in each of the following years.
Click here to find property for sale in Australia.
Click here to find rural property in Australia.
Click here to find commerical property in Australia....
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Categories: Finance News, Property. Tags: Australia, Budget, House Prices, Loan Market, Property.
Home loan uptake still strong
Official data released yesterday showed households were reluctant to take on new loans in the current economic environment, unless it was to buy a new home.
The Australian Bureau of Statistics said the value of home loans rose 2.3 per cent in May, to a record $17.5 billion. The value of personal loans on the other hand fell by a seasonally-adjusted 2.9 per cent in May compared with April, to $6.03 billion, the lowest amount since November 2005.
Demand for mortgages has picked up sharply since last October on the back of historically low interest rates and the ...
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Categories: Finance News, Media Articles. Tags: Australia, Home Loans, Mortgage Broker, Mortgage Rates.
Nationwide Seminars To Assist First Home Buyers in Australia
Australia’s largest independent mortgage broker, Loan Market Group, is running a series of seminars nationwide to assist first home buyers.
Loan Market Group Chief Executive Jennifer Nielsen said the first of the seminars will be held at Broncos Leagues Club at Red Hill in Brisbane on Wednesday, December 3, in conjunction with Ray White Real Estate, PS Conveyancing Connection and QC’s Building and Pest Inspections.
A second seminar will be held on Tuesday, December 9, at the Everton Park Hotel in Brisbane’s north-west and there are plans to stage them around Australia.
Ms ...
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Categories: Finance News, Media Articles. Tags: Australia, Building and Pest Inspections, Conveyancing, First Home Buyers, First Home Buyers Grant, Government Concessions, Housing Finance, Ray White.
(Defence Housing Australia Investor Magazine )
Just as important as finding the right investment property is getting the right finance. Structuring your investment finance correctly will assist you to keep your costs down and manage your risk accordingly, says Jennifer Nielsen of national mortgage broker group, Loan Market.
Many investors aim is to own each property outright after approximately seven years – the average length of the property pricing cycle. This may or may not be you, but it is still true that two areas of your finance structure are important avenues to increasing your chances of ownership over ...
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Categories: Finance News, Property. Tags: Australia, Investment, Property.
