Property in Australia has for some time been a dream for many people; dreaming of a life on a sun kissed beach and patrolling the outback, but of course there are other things to consider. Will the property appreciate? is a main consideration. Over time property usually does but it always pays to closely study the market and conditions of the time.
One of the main advantages of the Australian property market is high rental returns and this is set to improve as demand is already greater than availability, plus more and more people are moving into the cities from rural Australia.
Off plan is also available but again you must obtain a licence from the FIRB, this is generally a formality which can be resolved in a couple of months providing you have all your papers in order.
Another item worth mentioning and this applies everywhere, but particularly in certain areas of Australia is how green is the property? How energy and water efficient is it? This is certain to become more important over the next few years as energy and water become more expensive.
Getting a visa to live in Australia is not easy and you need permission as a foreigner to invest in real estate, however once that is done the processes for buying property in Australia are relatively straight forward.
The economy in the circumstances is good with low unemployment and certain sectors, especially mining doing well. The healthy outdoors lifestyle is another thing people often cite as the reason for moving to Australia.
In the buy to let sectors student accommodation should also be considered with an ever increasing amount of young people flocking to the big universities in the cities. However, whether it is students, workers or families one thing you should ensure is that your letting agent is a good responsible one.