AUSTRALIAN PROPERTY- FREQUENTLY ASKED QUESTIONS BY OVERSEAS BUYERS
Michael Bentley, Citylife International Realty
I feel that I can buy a cheaper apartment on the second hand, resale market in Australia.What advantages are there in buying new?
What advantages are there in buying new?
Legally, foreign buyers cannot buy “old” properties. But if you are an Australian citizen, you can also consider older apartments. Old apartments of course do not have the latest designs, or structural guarantees or internet wiring. New properties often have swimming pools, security, parking, spas, gyms and possibly other facilities, all of which are very attractive to tenants.
As an investor, you need to also look at what tenants are demanding - that is “lock up and leave” security, resort facilities, car parking, usable outdoor areas and convenience.
When buying from Citylife International Realty you can have peace of mind that not only are prices fixed. they are always guaranteed to be offered at the same price as is available in the local market in Australia.
In addition, up to 60% of the purchase price on new property is "given back" to you by way of tax incentives.
For old properties, if you are an Australian citizen, you can get assistance with Michael Bentley's buyers service, an affordable and unique service that is of great benefit to overseas buyers.
Go here for more info.
For more answers to commonly asked questions, please return to the FAQ page using the link below.
"Michael Bentley has such a wealth of knowledge and wisdom concerning Australian property investment that one can never learn enough from him"
Michael Bentley is probably the most experienced expert on Australian Real Estate as it relates to overseas buyers.
He brings decades of high level knowledge to the table, and with billions of dollars of real estate deals behind him.
To help you navigate through whatever Australian real estate situation you face, you need to be confident that you can get the research, help, information and advice you NEED to be able to make informed decisions going forward.
Citylife's exclusive Australian property buying service helps Hong Kong investors buy their dream Aussie property.
"Mike provided boundless energy towards our purchase, took care of the finance, arranged lawyers, a building inspection, helped us structure it correctly for tax, and when a last minute hitch occurred with the seller deciding NOT to sell, kept calm, and more importantly kept US calm, and used his experience and knowledge to get the deal back for us"
Colin and Elaine, Hong Kong, 2020