Hire Trustworthy Real Estate Agents to Make Real Estate Investment in a Foreign Land

Author: Alia Watson

Making property investment overseas is a smart investment both from financial and personal point of view. But the moot question arises where to buy? Are all foreign countries equally good to make property investment? The answer is NO. Several factors like climatic conditions, cost of living, property tax, government policies, etc., need to consider thoroughly before deciding the place of investment. Australia is a popular choice for making property investment both by residents and non-residents. Affordable land prices and liberal rules and regulations for non-residents are two factors attracting foreign investment in the country. Once you are sure about the destination, then weigh upon the following factors before finalizing any deal:

  • Purpose of Investment – Some people buy international property for end use as they are planning to relocate whereas others buy with the sense of investment. If your purpose of purchasing the property falls in the former category look for surrounding area, availability of local amenities nearby, schools and hospitals, etc. However, if you are buying with long term investment, you primarily need to consider the capital appreciation rate of the property in the last few years.
  • Making Finance Arrangements – Self-funding altogether becomes difficult whether a person is planning to buy national or international property. So, look out for loan options. Different countries have different laws for loan availability on residential and commercial properties. So, as per your property preference, gather necessary facts about the mortgage loan facility and how a non-resident can apply for it.
  • Tax Liability as Investor – Every nation has formed unique tax laws and legislations for domestic and international property investors. These laws vary on the ground of stamp duty, inheritance tax, title transfer tax, etc. So, once you have decided the investment destination, look upon your tax liability as an investor. This will eventually help in giving a fair idea about the total cost of the property in that particular destination.
  • Confirm Title and Ownership – If you are a resident of Australia, it becomes easy to gather necessary information about the land titles and ownership. On the other hand, non-residents find it quite challenging to find a trustworthy real estate agent like Dream Design Property, who can help them in getting accurate information about the property. So, it becomes prudent to get associated with professional property investment or real estate agents, who complete all legwork on clients’ behalf.
  • Dealing in both commercial and residential properties, the professionals of the company hold sound knowledge about the local market, legal complexities and paper work involved in purchase and sale of property in Australia.

Lastly, if a person is making investment in the real estate with a profit motive and he is not present in the country, it is necessary to hire reputed property Management company like Dream Design Property who can manage your property well in your absence. So, follow these points and make a sound investment in the real estate domain.

If you are interested in making real estate investment in foreign destination, then pay attention towards certain points like reason to buy the property, arrangements of funds, tax liability of an investor, etc.