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.
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/.
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.
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.
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.
Flight time is approximately 18 hours from Europe and normally includes a refuelling stop in Singapore or Bangkok.
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.
Get the latest property and investment opportunities direct to your inbox for FREE (you can unsubscribe anytime)
Qualitas Raises 130m EUR for Australian Property Fund
Blackstone Predict New Opportunities in Australian Commercial Property
Chinese Sentiment for Australian Property Remains Strong into 2016
Infographic Illustrates the Benefits of Buyers Agents in Australia
Australia Tightens Controls on Foreign Investment
Australia Breaks Auction Record amid Concerns of Unchecked Urban Sprawl
All property news from Australia
Subscribe to our RSS Feed
Fill out a requirements form and our experts will help you find a great selection of properties for sale in Australia.
Help me find property in Australia
Considering a property purchase in Australia or need to transfer currency to/from Australia?
Save Thousands in Currency Transfers
When considering a buying property in Australia, you are well advised to get expert mortgage advice from a mortgage broker.
Get a mortgage quote in Australia
Owners Direct is one of the UK's leading direct from owner rental websites and the first choice for holiday home owners who want a cost effective and easy way to fully book their properties.
Find out more
If you own or are about to purchase property in Australia, you get an insurance quote using our online insurance quote form.
Get Insurance in Australia
Do you have your British assets covered by a will?
Do you have your movable foreign assets covered by a will?
Have you made plans to protect your family in the event of your death?
Get more information on Wills
Everything you need to know about transferring your UK Pension is in our downloadable guide.
Get more information on Pensions
Australian Capital Territory Property
New South Wales Property
South Australia Property
Western Australia Property
Subscribe to our newsletter and keep up to date with the latest and best investment opportunities around the world!