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Investing In Property In Australia For Oversea Buyers

It’s a fairly easy process to buy Property In Hunter Valley, Australia if you are an over sea’s investor and permission from the Foreign Investment Review Board must first be obtained.Once you have received this, then buying real estate is similar to the Uk. Once you have chosen a property then an offer is tendered. This offer is then either accepted or rejected. If it is rejected then a counter offer will then be presented. Once you have made agreement on the property sale price then, normally, a ten percent holding deposit will be required whilst the contract of sale is drafted. It’s during this time that the purchaser may back out of the sale and receive a full refund of his deposit (minus a minimum administration charge).All documents, including final checks on the property and finance if necessary should also be arranged during this time.Once the contract of sale is ready then completion papers will be signed by both parties and balance of payment made to the seller by cheque.