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Buying property in Australia

By John Kinghorn from moneycorp

If you’re looking to buy property in Australia, one of your first steps should be to enlist a foreign exchange specialist. This will get some of the administration out of the way early and ensure that deposits can be paid as required.

This is particularly important in Australia because once you’ve had an offer accepted; you will need to pay a 10% holding deposit immediately. It can take time to set up a currency exchange account because, like any financial application, it requires rigorous checks, so it’s best to start the ball rolling as soon as you start to look for a property in earnest......
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