Title: BUYING A HOUSE ON ARRIVAL
Bloxhambunch - July 8, 2004 05:56 PM (GMT)
[B] :sign09
We have been told by many people that people arriving in Australia and buying their first property must buy a NEW house. Is this an old wives tale??:
The Bloxham Bunch
Due to arrive in Adelaide in Sept 04
wizzywozza - July 8, 2004 06:22 PM (GMT)
Dottie Dora - July 8, 2004 07:08 PM (GMT)
Hi Cathie
Welcome to the site, hows it all going with the house moving, bet you can't wait till it's all over and you can go on your hols and you can relax then.
As far as I'm aware you can buy any house you like, and there's something you get when you buy your first property in Oz eh let me think oh yes $7000 can't be bad can it!!!!!!!!!!
Catch up soon after yours and mine hols.
DD :mr man:
juls - July 9, 2004 09:14 AM (GMT)
I think if you come out one of the visa's think it's the retirement one you have to either buy a new house or renovate an existing one - think this is right but I'm sure someone will set me straight if it's changed.....
Juls :mr man:
Pommygirl - July 9, 2004 10:21 AM (GMT)
I think you should read this website if you are buying a house www.firb.gov.au
If you are not a permanent resident of Australia and want to buy a home in Australia, you must get prior approval from the Australian Government. If you do not, you will be fined. Once you've got approval from the gorvernment, you can then go and apply for a home loan with a bank or loan company.
Hope it helps you.
Michelle
Barnes - July 9, 2004 04:33 PM (GMT)
What is a NEW house? The house which was constructed lately or something else?
pickledpossum - July 10, 2004 12:14 AM (GMT)
Yes Barnes... it means a house you have just had built, or one that a developer has built and no one else has lived in. It is a very popular way to own your first home as it works out cheaper than buying in many cases.
Barnes - July 10, 2004 08:18 AM (GMT)
It means that newcomers can only buy a house from the PLAN, then wait for it to be constructed and only after that they could move in? It's a must or you can still buy something else? How much money can somebody safe that way (buying from the plan)?
Elaine - July 10, 2004 08:36 AM (GMT)
Barnes, I take it you have a permanent visa? If so, then you can buy whatever you like and can afford, without restriction!
You can look at all sorts of options on www.realestate.com.au and see how you think prices compare, they usually have a few blocks of building land on there, though probably not 'off the plan' deals - though since we are only renting during our time here, I haven't tried to compare purchase options.
Elaine
Barnes - July 10, 2004 03:14 PM (GMT)
Thank you for your answer. In the meantime I'm waiting for my PR visa.