• 55028
    PROPERTIES
  • 591
    AGENCIES
  • 40
    COUNTRIES

Australia is a country, and continent, surrounded by the Indian and Pacific oceans. Its major cities – Sydney, Brisbane, Melbourne, Perth, Adelaide – are coastal, but its capital, Canberra, is inland and nicknamed the "Bush Capital."

The country is known for its Sydney Opera House, Great Barrier Reef, the vast Outback (interior desert wilderness) and unique animal species including kangaroos and duck-billed platypuses.

24 million 

Australia experiences temperate weather for most of the year but the climate can vary due to the size of our continent. The northern states typically experience warm weather much of the time, with the southern states experiencing cooler winters.

Australia is also one of the driest continents on earth with an average annual rainfall of less than 600 millimetres. Like all countries in the southern hemisphere, Australia's seasons are opposite to those in the northern hemisphere.

December to February is summer; March to May is autumn; June to August is winter; and September to November is spring. 

Australian Dollar

English

Yes

Australia welcomes foreign investment in real estate. The Australian Government reviews foreign investment proposals case-by-case to ensure they are not contrary to the national interest.

 If you aren’t an Australian citizen, or permanent resident, it is highly likely that you will need to gain permission from the Foreign Investment Review Board (FIRB) before you can purchase a property.

Once you have applied, the FIRB will give you an answer within 40 days, however they do reserve the right to extend this to 130 in unusual circumstances. You are able to exchange contracts before you have received approval – however it is important to ensure that the contract is conditional on receipt of approval, otherwise you will be in breach of contract and liable for financial penalties.

This removes you from the possibility of buying at auction (a common practice in Australia), as auction bids are made without conditional clauses. If you buy a new-build property, or even a rural home, then you are less likely to have to seek permission from the FIRB – your solicitor will be able to advise you on whether the property that you are interested in is exempt or not.

Once you have had an offer on an Australian property accepted, you will exchange contracts pretty much straight away. You are entitled to a cooling off period (usually five to ten days), and the contract will be conditional on certain clauses (such as a survey and mortgage approval), but basically you are now tied into the purchase and will be required to pay a ten per cent holding deposit.

Please note that the cooling off period does not apply if you purchase at an auction. Your solicitor will run local searches, similar to those in the UK, and will check the title dead before you are able to complete. Completion occurs six weeks after the day of exchange.

 

Agents fees range from 2-3% dependant on the area payable by the Buyer

 

Length of lease The decision to rent a house or apartment is only recommended in case of longer stay (at least in 6 months to rent a flat, min 1 year to rent a house). The real estate agent will need to issue a legal contract with you for at least 6 months (rarely they do it for a shorter period then 6 months)

Location The next step is to clarify your the requirements (priority) at an appropriate location and select it with regard to the availability of important places (such as your school, your work, shopping, health center), your choice of entertainment (parks, sports, beach), or by environment (cleanliness, quiet )

Apartment & HouseSelect right type of accommodation - what to rent an apartment or house? You will need to decide on the type of rental accommodation depending on whether you are looking for accommodation only for yourself (renting an apartment or room only) or if you are planning to share a house/apartment with other people

Know who will rent with you When you know with how many people you will share and their preferences, you will be in better position to decide on appropriate type of rental accommodation

Quality of accommodation Quality could mean different things for different flatmates - some may prefer modern apartments out of city centre and some prefer better location and do not mind older properties. Before you visit real-estate you will need to set priorities about the unit or house type, size and quality you are looking for and then you need to match these requirements with your financial ability to afford to rent this place - example to rent modern unit for reasonable price will may need to travel far as 30 minutes from Sydney city centre.

Check all before you signVerification - Before signing a contract with real estate or property owner, please make sure you have reported all important information about the current state of property. All possible problems must be reported beforehand or you face losing part or all bond when you leaving the property

If you have decided on the accommodation, you will need to show to owner or realestate documents and demonstrate your ability to pay rent:

  • Name, passport details, your visa details
  • Current address and phone number
  • Occupation and name of employer,
  • Proof of income ( employment contract, pay slips)
  • 2 or more references
  • Other on request

Without a current reference from an Australian work place is quite hard to get a rental agreement from the real eastate agency. It the usual minimal time to get part time or casual employment for international student in Australia is between 4 to 12 weeks - depending on your English level, other experiences and skills you have.

Signing the contract

(Tenancy Agreement)

Australian law for New South Wales (ie Sydney ) requires the drafting of a written contract between the landlord and tenant .
When signing the contract it is necessary to agree the following points:

  • Amount repayable advances (Bond) - usually a 4 - week rental. At the end of the lease when you leave the property if it is in good order, the deposit will be refunded in full. It is very common for small repairs or cleaning costs to be deducted from the bond at the end of the lease even for a well looked after property.
  • The amount of rent and payment of the initial lease - generally are required to pay rent for at least 2 - 4 weeks ahead.
  • Frequency of payment of rent - at what intervals you pay rent.
  • Condition Report - Addendum to the contract, which confirms the quality of the tenant and the state of accommodation . If a tenant finds some shortcomings such as scarred walls, is in its interest to those facts stated in the report.

If a landlord wants to make changes in the lease agreement, for example, change the amount of rent he is required to notify the tenant at least 60 days in advance (in the State of NSW).

Fees are paid by the Landlord