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Hi everyone, not sure if this will be useful to anyone but if you are thinking of moving back to the UK/looking to invest in UK from Oz here are a few tips, cheers! Can I get a mortgage in the UK from overseas? (Answered) Today I thought we would look at the one of the most common things I get asked about, on a daily basis! Mortgages…. Can I get one? Is it difficult? I’m overseas and my bank in the UK told me to bu@@er off! What can I do? Can I re-mortgage? And more. What size deposit do I need? This is probably the bit that differs a little bit from someone living and working in the UK. Typically, lenders will ask for anywhere between 20 and 30% as a minimum deposit with the bulk of lenders becoming available when you have a 25% deposit. So, it is feasible, and that being said, if you do have a bigger deposit, always let us know, because it could mean lower rates. Or it could open up different lenders on the market that maybe have a more suitable product, but as a bare minimum, ideally 25% will give you access to the broadest range of lenders. Can I actually get a mortgage? Another common question I get is – “I went into Natwest over Christmas when I was at home and said I want to buy a house, and I'm now living overseas - can I get a mortgage? They said no, no way. Because you're overseas. Absolutely you can. If you are dealing with people that live or work in the UK, you just wouldn't usually use smaller banks or building societies and so you don't know as much about them. With access to over 35+ specialist lenders, 99.9% of my clients can attain a mortgage, its all about doing your due diligence and finding the right lenders. What documents do I need? The main documents that are required and of course this will be different for each person but the main ones are proof of name and address. That’s your passport and utility bill something like that, income, so payslips or if you're self employed, tax returns, bank statements and then proof of deposit and if it's a re-mortgage, then that one's irrelevant as your deposits in the property already. Don’t be surprised if they want more info, they will ask for up to six months worth of bank statements sometimes. So it's just worth being prepared. If you would like any more information on the above then please get in touch. Thanks, Bren
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Hi everyone, not sure if this will be useful to anyone but if you are thinking of moving back to the UK/looking to invest in UK from Oz here are a few tips, cheers! Can I get a mortgage in the UK from overseas? (Answered) Today I thought we would look at the one of the most common things I get asked about, on a daily basis! Mortgages…. Can I get one? Is it difficult? I’m overseas and my bank in the UK told me to bu@@er off! What can I do? Can I re-mortgage? And more. What size deposit do I need? This is probably the bit that differs a little bit from someone living and working in the UK. Typically, lenders will ask for anywhere between 20 and 30% as a minimum deposit with the bulk of lenders becoming available when you have a 25% deposit. So, it is feasible, and that being said, if you do have a bigger deposit, always let us know, because it could mean lower rates. Or it could open up different lenders on the market that maybe have a more suitable product, but as a bare minimum, ideally 25% will give you access to the broadest range of lenders. Can I actually get a mortgage? Another common question I get is – “I went into Natwest over Christmas when I was at home and said I want to buy a house, and I'm now living overseas - can I get a mortgage? They said no, no way. Because you're overseas. Absolutely you can. If you are dealing with people that live or work in the UK, you just wouldn't usually use smaller banks or building societies and so you don't know as much about them. With access to over 35+ specialist lenders, 99.9% of my clients can attain a mortgage, its all about doing your due diligence and finding the right lenders. What documents do I need? The main documents that are required and of course this will be different for each person but the main ones are proof of name and address. That’s your passport and utility bill something like that, income, so payslips or if you're self employed, tax returns, bank statements and then proof of deposit and if it's a re-mortgage, then that one's irrelevant as your deposits in the property already. Don’t be surprised if they want more info, they will ask for up to six months worth of bank statements sometimes. So it's just worth being prepared. If you would like any more information on the above then please get in touch. Thanks, Bren
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Any insight about renting houses in Tasmania (most likely near outside Hobart areas)
Rosie R posted a topic in Renting & Real Estate
My family and I lived in Tasmania for around 8 years before moving back to the UK. We moved a lot during that time and I cannot remember how often we rented or bought the houses we lived in, I only know that we owned (and later sold) a house in Cygnet for a while. We are thinking of moving back to Tassie (possibly mainland but more likely Taz) and I wanted to know a bit about renting houses. My mum's friend in Taz mentioned that finding places to rent has gotten harder as more people are turning their places into Airbnb's and stuff or prices have increased - I can't quite remember. We will most likely be getting some help from our friend in Taz but I would appreciate it if anyone here living/renting in Tassie can give some insight about the renting situation, what areas are best for renting etc. and some tips. (FYI - there will be 3 of us and most likely 1 cat and 1 dog (we have 2 cats and 2 dogs however one of our cats and dogs are quite old and becoming slightly unwell so we are unsure whether or not they will be coming with us). I do believe that this will make finding somewhere to live harder as we will have pets, but we will try our best! Any help or advice would be greatly appreciated! Thankyou! PS. If you happen to know anything about Australian education I would appreciate it if you checked out my other topic) -
Hi Everyone, I'm new to Poms in Oz have been living just outside Geelong for almost 9 years, just wanted to offer Real Estate advice to any potential migrants coming to the area. I know it's difficult initially to get your head around the Ozzie way of doing things so any help you need just give me a shout. Happy to help in anyway.
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Large one bedroom furnished unit available to rent in Burwood, Sydney. $430 per week.
xxlornaxx posted a topic in Renting & Real Estate
Break Lease, lease ends July 2014 Inner West Sydney. Located on Burwood Road, in central area with many restaurants, parks and shopping facilities. Easy access to all public transport. 15 minutes train ride to Sydney CBD and 15 minute bus ride to Concord hospital. Perfect for single professional or couple. King size bed, bed side units, fitted mirrored wardrobes, large balcony, computer desk, blinds, microwave, utility room, open plan kitchen/lounge, dining table/chairs, lots of storage space, TV unit, oven, large fridge freezer, washing machine and dryer, fresh carpets, large bathroom with bath and separate shower cubicle, newly tiled. Fresh paint and carpets/flooring throughout. Large leather lounges and coffee table. Gym equipment/bench can also be left for new tenant. Underground secure parking with own car port and swipe card access to building, parking and elevators. Spacious and secure with light airy feel. Quiet area, well kept clean property. Personal circumstances have resulted in me regrettably having to end tenancy early. New tenant would take over lease and pay $1700 bond to real estate agent. Application very straight forward, just ID required and proof of income. Available now, move in date is negotiable but preferably sooner than later. No pets allowed. Contact anytime to arrange viewing. i dont know if the pictures uploaded but the furniture is now different in the property, pics are to give idea of layout and condition. Thanks inside2.bmp inside.bmp inside2.bmp inside.bmp -
Hi guys, Just a quick question. Does anyone know if real estate salespeople are considered under visa 457 (employment sponsorship). Would really appreciate any advice. Many thanks. Regards, Alex
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Hi, looking at property for sale in Perth, quite expensive really, but then I see these new builds really cheap? What's the deal is this a con?
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‘A Guide to Property Values 2012’ by Victoria’s Valuer General was released July 5. It has been comprehensively ignored. The report dissects property transfers and prices lodged with the titles office. This dataset is the actuals, the definitive historical record, and is what scholars of the future will use to examine The Great Australian Land Bubble. “The property market in Victoria showed an overall downward trend during 2012”, says Robert Marsh Victorian Valuer General. Story on MacroBusiness 'The Real Word on Melbourne House Prices'.
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Hey Me and my wife will be arriving in Melbourne at July 10th (PR visa) and we are looking for a place to call home. We prefer to live in the suburbs around Melbourne CBD, we don't mind to rend one badroom / studio apt. We are a very responsible and clean couple, both working (and will continue working, when we will arrive) without kids or pets. We can pay 250 - 300$ per week (not including bills). Please feel free to contact me if you have or know about a place to stay, either for long term or short term. we will really appreciate the help. Thanks. Galia & Adir
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Sydney Commuter Towns - 4 bed home for around $600k?
CrozierFamily posted a topic in Renting & Real Estate
Hello My wife and I look like we will be heading to Australia in the next few months, as I have managed to secure myself a role with CommBank in Sydney. I will be working in the CBD and my wife will be living at home with our two young daughters (both under 2yrs), and I am hoping I might be able to get some advice on places to look to buy a home. My budget is going to be in the region of $550-650k, and ideally I would like to find a 4 bedroom detached home with a bit of a garden for our two dogs and a pool. I know I have no chance of find anything in inner Sydney on this budget, but I have looked at places like Campbelltown and it seems to be quite reasonable, and the comments on the internet seem to suggest it is quite a nice place. I live in a small town at the moment, so I would like to find something similar that is reasonably close to the train lines. At the moment we are at the start of the journey, so any help is appreciated. Ideally I dont want to have to commute for much more than an hour each way, and I am not overly fussy about living near the beach. I just want to find a nice solid area, that is not too snobby and that will have good schools for the girls in a few years and a nice community so my wife can make some new friends. Any thoughts or suggestions are welcome. Thanks, Andrew -
Dear all would like to have all of the viewers comment and views on this. Am diploma holder in Video Production and little experience working with Television channel overseas. In Australia am planning to pursue a certification in Real Estate Sales Representative which is like first step in this career. But still am not sure is it right move , a right career change. Reason why real estate: because i feel (am not sure) its worth fo making huge money (for me huge money is more than 80k a year).. so Can any tell me if it right move and real estate career pays well? If its better or as good as media/art/prosuction industry here in Melbourne.. Thanks..Looking for the help.
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First house in Australia - do we get a grant or similar?
aduffield76 posted a topic in Renting & Real Estate
Hi all, I have heard that as a first time buyer of a house in Australia, the government give you some form of grant towards buying a property?? A First Home Owner Grant (FHOG)?? Is this true? :huh: Cheers guys -
Searching property using the real estate websites - your advice needed
Guest posted a topic in Aussie Chat
I have been looking for rental properties using websites like www.domain.com.au Uptil now, I have simply been typing in 'Sydney' and the auto-complete feature makes it 'Sydney, NSW, 2000' and thats that. I sort on lowest to highest price and up come the results. Now, I have been noting throughout that the rentals that come up seem to be located around the CBD and I've been wondering to meself why this is so because there are definitely more areas to Sydney than the CBD, Darlinghurst, Potts Point, Surrey Hills etc. Anyway, today I started typing numbers starting from 2000 (so I went like 2000, 2001, 2002,...) but this time I was searching properties for buying (trying to get a sense of what the bare minimum price would be across ALL types of livable properties) and it seems that typing in different numbers really does change the results. So, intrigued by this, I searched on google for a list of NSW postal codes and got this site: http://www.postcodes-australia.com/state-postcodes/nsw Now I recognize many of the names here, but the help I need is this: Which postal codes listed here: http://www.postcodes-australia.com/state-postcodes/nsw lie within a 40 mins reach by bus/train to the CBD? All help appreciated. If somebody knows of a better way of doing this search, please do suggest. Looking forward to everyone's wonderful responses!!! -
Hi, I have been in Sydney since Feb 2nd this year. Up until the 25th of Feb the company I am working for paid for my hotel stay in the CBD. Every weekend since I have been here I have been looking for a place to rent. It has been one of the most demoralising experiences in my life. The system here is appaling - it lags way behind the system in UK. First thing you realise is that you get very very little for your money. My job pays $50,000 plus overtime per year so I cannot afford much. I am looking at places between 350 - 400 per week. Considering my house in the UK has a mortgage of £400 per month for a 3 bedroom with a large garage, paying $1600 a month here (£1088 approx) gets me the equivalent of just my garage. Secondly, the 'open house' system is very poor. You get a 10 minute chance to view a place. Don't get me wrong, you don't need 10 minutes to look at a place, I usually know within 10 seconds if I like the place or not. It's just that getting to several places on a Saturday (which is when most viewing are) is very difficult. eg, I find a few places I like the look of on the Domain website/app. First one is open at 9.00am - 9.10am. Second place is 9.15 to 9.25 but it takes 20 mins to get between them so you miss the second viewing. Each weekend I have had to miss at least 3 viewings due to this. To make things harder, several times the agent has turned up a few minutes late, which obviously has a knock on effect meaning that I have to abandon my plans to get to the next viewing. The 'agents' that turn up are really just people with keys and application forms - no skills needed. When I have asked them questions before they open up the property, the reply is often "I'm not sure - I haven't seen the property myself yet". This is usually followed by fumbling as they try to find the entrance to the building. I travelled 20 mins to one place and when I got there the agent apologised because she was unable to get hold of the keys and that if I was still interested I could come back the following Saturday. Another situation was where I paid $20 in a taxi to get to a place because the previous agent was late, and when the agent arrived he apologised to everyone waiting that he had just been informed that the property had already been leased. More time and money wasted. Yesterday I waited outside a place with about 10 other people - and when the agent hadn't turned up after 10 minutes I decided to phone them - they told me that they had no idea about a viewing on the property and that the picture and address on the website were wrong. In the words of Peter Griffin "it really grinds my gears". Everyone always mentions about the pictures on websites for the properties....it really is true. Don't believe them, what looks like a sparkling new kitchen often turns out to be a pic from 7 years ago. A lot of the pics don't show inside, just a shot of the building and a view from the balcony - there is a reason for this which becomes apparent when you enter. Some of the photos on the website look like they have been taken by a child - so bad it's laughable. It makes me wonder what estate agents actually do to earn their keep. There are a lot of good things here however the real estate system is shockingly bad. I had read posts for months before I came warning about the system - but I never imagined it was this bad. i am sure something will turn up eventually, but at this point it has me questioning my decision to come here. Here's wishing y'all better luck than I am having. Take care Stereo
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BRISBANE has won the race to the bottom with Adelaide to become the cheapest mainland capital in which to buy a house. Median prices have plummeted by 6.7 per cent in 12 months. The national median home price has now fallen for five successive quarters, marking an even worse stretch than during the global financial crisis in 2008, according to Australian Property Monitors' gloomy report on the September quarter. Brisbane has gone from boom to gloom, reversing years of steep growth in its property market to lead the downturn with a 2.7 per cent decline in the quarter. APM senior economist Andrew Wilson said market confidence had been battered, with global economic turmoil fomenting fears of job insecurity in Australia.
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we are off to Tasmania and looking at selling our home of 16 years ... full details are available on the dedicated web site we have built ... http://www.home4sale.net.au ... we welcome your enquiries and feedback
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Auction rates fudged by failed campaigns. Up to 50pc of auctions going unrecorded Agents "don't want to report failures" Results still robust, analysts say EMBARRASSED agents are covering up a growing failure to sell homes at auction by not telling reporting bodies about their failed campaigns. Figures compiled by research agencies Australian Property Monitors and Residex over the past three weeks show that between 10 per cent and almost 50 per cent of auction results across Sydney went unrecorded. The reason was embarrassed real estate agents wanting to avoid reporting of failed auction campaigns, said leading property analyst Louis Christopher, managing director of SQM Research.
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Suburbs around Cottesloe, Perth, western Australia
Pom on the move posted a topic in Renting & Real Estate
Hi all I am new to this site so not too sure how it works. My husband, 2 children under 4 and I are looking to rent in suburbs within 30mins of Cottesloe west of Perth. We will be out there within the next 5 months.Su We don't know that much about them only that cottesloe itself is very expensive. So if anyone has any advice on area for a young family that would be fantastic .Or good primary schools as we can base our house around them. Web addresses or company names would be very helpful. We happy to rent a part furnished, or not furnished home so any help would be very welcome. Thanks you for taking the time to read this, look forward to any advise. Gemma -
Property market hit by flood of new listings: Report.
connaust posted a topic in Renting & Real Estate
Property market hit by flood of new listings: Report. Residential property listings increased in all cities during October with the market now flooded with more properties than during 2008, one expert has warned.... .....Melbourne has recorded the largest increase in property listings over the quarter, with listings jumping by 20.2% in the three months to October to a total of 26,521 houses and 9,547 units. Listings jumped by 28.6% over the year. -
House price bubble home page. News links, craziness.
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Property Shortages and Real Estate Myths Housing industry's missing persons reports pure fiction. MISSING: Authorities are seeking the public's help in locating 190,000 families who have mysteriously disappeared from Australia. REWARD: $60 billion, for any developer or builder who can find them. These are the 190,000 households that, according to the construction industry, are desperately seeking new homes but can't get them. I've been looking for them, but can't find them. I know many builders have been having the same problem. I'm beginning to think they don't exist. The Housing Industry Association keeps telling us we have a chronic housing shortage, with a shortfall of 190,000 homes........ .... If you're looking for a copy of this publication, you're likely to find it in libraries in the "fantasy" section, because the ABS tells us that the average first-home buyer in Australia borrows $292,000. The report that claims unsatisfied demand for 190,000 new homes should be found in the "science fiction" section, alongside books that depict time travel and interaction with aliens from worlds a thousand light years from earth...... ......The odd thing about this persistent complaint that we're not building enough houses is that the loudest whingers are the people whose job it is to build houses. There are large tracts of zoned residential land in our cities (owned by major developers) waiting for houses to be built on them. If we've got a 190,000 shortfall, why aren't they frantically building? If the HIA figures were true, we'd have tens of thousands of families living in tents or under bridges...... ......I've taken a look at city vacancy rates, expecting them to be zero everywhere. That would be a reasonable expectation, if supply had fallen so far behind demand. But, according to RP Data, all our cities have vacancies above 3 per cent, except Canberra and Adelaide..... ....We're talking true vacancies here, not the "lies, damned lies and statistics" published by the real estate institutes. Something doesn't add up here. If we really did have a chronic housing shortage, rents would be going through the roof. .....Seasoned property market analyst Michael Matusik (of Matusik Property Insights) says we are actually heading into oversupply. He says those who cry "undersupply" are miscalculating the impact of recent population growth. Much of the nation's population growth has come from overseas migrants, most of whom are "family reunion" migrants, students attending our universities or business people on temporary visas. ........When you factor these matters into the supply-demand equation, he says, we're actually over-building. This runs contrary to the incessant campaigning of the developer lobby, whose members have motives that prevent them from giving the public accurate information. Matusik says: "Disbelieve anyone whose sales pitch is based around how much the market is under-supplied." All of this is sober reading for property investors.
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Hi all - just to let you know we're loving it here, been here over two years and everythings going great! We've just started our own business too setting up a small business in Australia is incredibly easy and there's been plenty of people to seek help from - something I never would have dreamed of doing in the UK! Best wishes to all and hope you're all having as much fun out here as we are!
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I have inherited a property in the uk and have dual citizenship. The property is worth approximately 170,000 pounds. Can someone help me with the following financial issues: 1. If I rent the property out do I pay tax on the income both in the Uk and in Australia? 2. How long can I own and rent the property out before I have to pay capital gains tax? 3. If I sell the property straight away without renting it out at all what tax do I pay on the profit I make both in the UK and here? Thanks if anyone can help.
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'Affordability crisis' a housing industry fiction. WHEN the Housing Industry Association published the May edition of its quarterly work of fiction, the Housing Affordability Index, media outlets printed the data without hesitation. This instant recycling of propaganda is what passes for journalism these days. The political outpourings of developer lobby groups are presented to the public as fact. There is no scrutiny, no checking, no asking of pertinent questions. Any half-switched-on journalist would look at the figures that make up this bogus index and see that they're nonsense. I think also the industry i.e. real estate, media, banks etc. have been guilty of encouraging what is known in hospitality as "upselling", i.e. encouraging the buying of something more expensive, earlier or extra than originally planned by panicking people, confusing them about high median versus lower average prices etc..... means those in selling side all benefit....
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Tax breaks to blame for rising house prices. The government has ignored Ken Henry’s prescription for more affordable housing. EVERY time the Reserve Bank of Australia raises interest rates, Wayne Swan expresses his deepest sympathy for hard-pressed Australians with mortgages… …. Of course, you’ll never catch politicians criticising rising house prices…… ….addressing the bias in investment housing towards negatively geared investment, which it describes as “a major distortion in the rental property market”….. The Australian Taxation Office says losses declared from negatively geared property grew by 35 per cent in 2007-08 to $8.6 billion… …While house prices in Australia have tripled since 1996, in the US they increased by 70 per cent….. But with the International Monetary Fund warning of the risk of a housing bubble and Australia a world leader in household debt and unaffordable housing, perhaps rising interest rates or other economic stresses will find their own drastic solution to the problem sooner or later…..
