To buy foreign property the most logical step is to understand the market you are buying in which in this case is the Australian Property Market (APM). Knowledge eliminates risk, maximises gain and puts you in a position to make informed decisions. Your first step should be to understand all aspects of the APM.
Following are a few key points that as an Investor you should have a good understanding of:
- How the various types of properties such as House and Land, Town House, Apartments, Student Accommodation, Serviced Apartments and Hotels operate within the overall Australian property climate so you can determine the right investment for your needs and expectations
- Who rents these different properties and what are the yields for each type? The depth of the rental market to have confidence in the long term income and yield?
- Why such a large percentage of the Australian population rents and what underpins the rental market
- The differences between buying in the CBD, Inner Suburbs and Outer Suburbs
- Local supply and demand for the various types of properties as this affects capital appreciation, bearing in mind you are selling to an Australian citizen or permanent resident later on
- What are the finance and leveraging options available on all of the various types of properties available and all the various banks credit policies on each type of investment
- Finance risks on foreign currency loans
- Differences between buying off the plan and completed.
Sean conducts seminars on a regular basis to educate investors on the Australian Property Market so please keep an eye out on the APP Website (www.approperty.org) and register your interest. Alternatively, if you prefer a more personal approach you can contact him directly.
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