Australia FAQs

A move or property purchase in Australia will always prompt questions and queries. Below are the answers to some of the most commonly asked questions from our investors.

Can foreign nationals own property in Australia?

Yes, foreigners are permitted to own property in Australia provided the land or property for sale has been approved for sale to overseas buyers by the Foreign Investment Review Board. Check out their website for details on how to apply: http://www.firb.gov.au/.

Why should I choose Australia?

The main reasons for choosing Australia for your property purchase are likely to be based on lifestyle. An excellent climate and healthy, outdoor activities continue to attract families wishing to relocate, as well as tourists. Australia boasts an irresistible variety of natural beauty, from superb unspoilt beaches, tropical rainforests to rugged mountains and deserts..

In certain areas of Australia, although prices are high, investment potential is strong, boasting returns of some 30% or more in regions such as the Western Coast and North Queensland. Meanwhile, in the city rental demand is currently high for both commercial and residential properties, creating a healthy market for a buy-to-let investment. Finally, a favourable Sterling exchange rate, allows you to buy a lot more for your money in Australia.

What is the economic and political situation?

Australia’s economic growth rates are higher than in most OECD countries and beat those of the UK and the USA. Australia’s economy represents a low degree of risk, while it enjoys a consistently strong GDP growth, stable interest rates, rising exchange rates, relatively high levels of employment and a low rate of inflation. At around 5%, unemployment in the main cities is relatively low. While the population grows and incomes rise, the demand for housing now outpaces supply, causing property prices to continue rising.

Politically, Australia is a stable place in which to live. It has a constitutional monarchy and HRH Queen Elizabeth II is also the Queen of Australia. The Australian government is run along a parliamentary system with a Prime Minister who makes the majority of all executive decisions.

How do we travel to Australia?

Around 30 airlines fly to Australia from the UK, including Quantas, BA and Malaysia Airlines, Singapore Airlines, Emirates (via Dubai), Royal Brunei and Thai Airways Prices will be high at Christmas so you will need to book your flight well in advance.

International airports in Australia are at Sydney, Melbourne, Brisbane, Adelaide, Perth, Darwin, Cairns and Hobart. The sheer expanse of Australia makes internal flights a usual option for travellers within the country. National airlines in Australia include Quantas, Australian Airlines, Macair, National Jet, Rex Regional Express, Tasair and Virgin Blue. Low cost flights connect with national airports at Brisbane, Broome, Cairns, Canberra, Darwin, Melbourne, Perth and Sydney.

What is the direct flying time from UK to Australia?

Flight time is approximately 18 hours from Europe and normally includes a refuelling stop in Singapore or Bangkok.

Is a visa required to enter Australia?

Yes everyone traveling to Australia (except New Zealanders) requires a visa. The visa application procedure may vary depending on the length and purpose of your visit. The three visas most commonly applied for are the short stay tourist/business visa, long stay tourist visa and finally the working holiday visa.

You will need to apply to your nearest Embassy.

You may also be interested in the following:

• Australia FAQs
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• Property In Australia
• Buyers Guide To Australia
• Australia Property