Has anyone bought house before going to Oz?

Susie · 13-04-2008, 03:10 PM

Hi everyone

My OH and I were wondering if anyone has bought a house in Oz before leaving for there?! Hope this doesn't sound too crazy but would save on rent etc when first arrive as well as worry of the house prices continually rising whilst falling here and no sign of visa being granted!!

Is a big risk but wondered if this happens.

Thanks for any responses.

asmith15 · 13-04-2008, 03:59 PM

Hi, ive ben keeping an eye on house prices in brisbane for the last 12 months and have found they have fallen in price, i agree that the renting seems a waste of money but you could end up buying in an area you then decide is unsuitable, the problem then is you could end up out of pocket if it doesnt sell for what you bought it for, we are going to rent when we get there for 6 months to check areas out for schools ect...
Also have decided to leave our money over here for now with the exchange rate being as low as it is in hope it picks up !!
Good luck with what you decide, hope it works out for you

leanneandmark · 13-04-2008, 04:00 PM

Have a read on Poms in Adelaide, plenty of people seem to already buying houses on there.

Susie · 13-04-2008, 05:01 PM

Thanks guys for that.

Interesting about house price drop in Brisbane and I'll look at Poms in Adelaide. Cheers

Abi&Dan · 13-04-2008, 05:29 PM

Also in line with maybe picking the wrong place - apparently it's quite a bit more expensive to buy in Oz, for eg their stamp duty is higher - so you don't want to have to do it too often

Pinhead · 13-04-2008, 06:44 PM

Quote:

Originally Posted by Susie

Hi everyone

My OH and I were wondering if anyone has bought a house in Oz before leaving for there?! Hope this doesn't sound too crazy but would save on rent etc when first arrive as well as worry of the house prices continually rising whilst falling here and no sign of visa being granted!!

Is a big risk but wondered if this happens.

Thanks for any responses.

A word of warning by law unless you are a citizen or have PR you can't buy 'second hand' property only those 'off the plan'.
I bought an apartment in Melbourne from the UK but it was for an investment and is on a long term lease with a hotel chain.

Susie · 13-04-2008, 07:15 PM

Thanks Pinhead

Think I heard something in the past about non permanent residents can only buy brand new properties.

Quoll · 13-04-2008, 10:02 PM

Gee you would want to be careful doing that!

Do not go by the pictures on realestate.com!!!! I have been looking (in person) at homes for a few months now and with one or two exceptions, you actually wonder if you are looking at the same home as on the website! Admittedly I am looking at older rural homes but still, the "airbrushing" makes a heck of a difference. Also, the website doesnt tell you about the neighbourhood and, believe me, there are some neighbourhoods you really would not want to buy a house in!

If you have a substantial deposit, then you can get about 8% now in a savings account so your deposit would safe. Better be safe than sorry and rent for a while to get a feel for the place before handing over your hard earned cash for a place that you cant stand once you get here.

calNgary · 13-04-2008, 11:07 PM

now im here and from what ive seen ,there is no way id buy before id seen the area and property im paying for.I know someone who has done it and has landed in a not so clever area,within 2 weeks of arrival her house is back up for sale,everyones idea of 'nice' is different and i wouldnt trust anyone to property search on my behalf unless i knew them and their taste personally.
Cal x

sarahb23 · 15-04-2008, 10:12 AM

Quote:

Originally Posted by asmith15

Hi, ive ben keeping an eye on house prices in brisbane for the last 12 months and have found they have fallen in price, i agree that the renting seems a waste of money but you could end up buying in an area you then decide is unsuitable, the problem then is you could end up out of pocket if it doesnt sell for what you bought it for, we are going to rent when we get there for 6 months to check areas out for schools ect...
Also have decided to leave our money over here for now with the exchange rate being as low as it is in hope it picks up !!
Good luck with what you decide, hope it works out for you

hi there - thought i'd say hi live in radcliffe work at bolton royal, and in moving process. gonna rennt too for 6 months ish. what ever will ya do without icon eh ha ha ha x