Idaho family’s guide to buying property in Australia

Buying property in Australia as a US citizen is much different than buying property in Idaho obviously. If you get approval from the FIRB (Foreign Investment Review Board) you will be able to buy the property you like. Non-Australian citizens, permanent residents, and holders of temporary visas may purchase either residential or investment real estate in Australia but only with this permit. That is your first step here. To get approval. Once you do that, everything will be fairly easy. House hunting can be done online nowadays. We can show you how. Also, we will show you who can help you along the way. There is plenty of work ahead of you.

The most common question

People often ask if they can get a permanent residency when they buy property in Australia. The answer is no. Buying a home in Australia is not guarantee PR status. The minimum investment is 2.5 million Australian dollars. Nonetheless, even in this case, you will only be granted a temporary visa and residence. Now that you know the answer to the most common question we can get on with our text. Don’t forget to research this continent because moving to Australia is not as easy as it sounds.

A man holding money he needs for buying property in Australia
Buying a home in Australia is not easy but we know what you need – keep reading.

Buying property in Australia in 2022

Surely you are wondering about the buyer’s market right now. We have researched it for you. Obviously, things and prices are not the same in big cities and in more rural areas. You know which one is cheaper. But, pent-up demand is starting to dissipate. Many potential homebuyers put off their plans over the past few years due to Covid, but a sizable portion of them have already made the plunge. With a finite amount of both buyers and sellers in the market, 2022 is likely to see a decrease in overall demand. It looks like now is a great time for buying property in Australia. Now all you need to do is choose the right place and start house hunting and team up with experts that can help you with your upcoming international relocation.

House hunting online

You can buy a house from afar. Obviously, the best way would be to buy a home in person. That way you can make sure that the house or apartment is in perfect shape. Sometimes that is not possible. Maybe you will need to look for your new family home all the way from Idaho. You should know that nowadays that is not such a big deal. You can start by researching the best real estate websites. Then you need to find a local realtor and start looking. Hiring a realtor will make everything much easier. You can find a lot online but not everything that is for sale is listed online. That’s why you need a realtor. Also, they can get you a better price.

A woman researching online
Keep reading to see the websites that will be of help now.

Home inspector

A home inspector will be your right arm. Especially if you can’t come to do your own house hunting. Even if you can – home inspectors can save you a lot of money. Sometimes a home looks perfect on the surface but many things are covered up. It’s hard to notice that unless you have a trained eye. A home inspector can spot covered mildew from afar. That’s why we always recommend hiring them before buying property in Australia or anywhere else in the world for that matter. Also, you should think about having some additional storage just in case you need a safe space for all your extra items. Peasley Transfer & Storage can handle that for you.

Real estate websites in Australia

Unfortunately, Zillow.com is not going to be your go-to website now. There is no need to be worried tho. Australia also has some amazing websites you will love. Here are just some of our favorites you should check out :

  • realestate.com.au
  • flatmates.com.au
  • domain.com.au
  • realcommercial.com.au
  • allhomes.com.au

Maybe your dream home is waiting for you right here. That’s why it’s important to do some serious research. Obviously, before you do you will need to pick a perfect place for your family home. Now you can start planning your family’s relocation to Australia.

Choosing a place to live in Australia

Australia is such an amazing place. It can also be dangerous if you are not paying attention and you live in a bit more rural area. That’s why research is crucial. Many US families and especially from Idaho have moved here over the years and they are loving it. Maybe you will too. But you will need to see first what part of Australia you like (Sydney is not the only option for ex-pats) and then you can decide what kind of home you are looking to buy. Many people, in order to save some money, are buying fixer-uppers, and then they restore them. That obviously requires some time but it could be worth your while so make sure to think about this option as well.

Sydney from afar
There is plenty to choose from.

To sum things up

Investing in Australian real estate is thrilling and it can also be a potentially lucrative venture. The nation’s economy is booming, there are stunning natural areas to explore, and investment returns are sky-high. The only downside is that real estate purchases in Australia can be complicated for non-citizens. That’s why it’s crucial to ensure you’re set up for success before making any drastic moves. When it comes to purchasing real estate in Australia, non-residents (foreign persons) must adhere to stringent guidelines established by the FIRB (Foreign Investment Review Board). So, if you’re not an Australian citizen or permanent resident and want to purchase a house or any other property in Australia you will need to start with FIRB as we already mentioned a couple of times. Hopefully, we made buying property in Australia a bit easier for you. Good luck!

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