You’ll need a conveyancer or a solicitor to take care of the legal work for you. Their job is to complete searches on the property, manage the transfer of ownership and review the contract before you sign it.
Keep in mind that your appointed conveyancer must be in the same state as the property you’re buying or at least be licensed to deal with that state. For Western Australia (WA), they are called settlement agents.
It is common for a real estate agent to recommend a conveyancer to you however we suggest that you choose one that is likely to be impartial.
A good Australian mortgage broker, with experience in helping non-residents to apply for a loan, is an essential member of your team of experts.
The mortgage broker can be anywhere in Australia. They don’t need to see the property you are buying. For most residential mortgages and loans, their services are free.
If you want to buy a property in Australia then speak to an expert Australian mortgage broker. We’re specialists in non resident mortgages and are also a member of both the Mortgage and Finance Association of Australia (MFAA) and the Credit Ombudsman Service Limited (COSL).
We can finance properties Australia-wide and we regularly work with international borrowers. We have a panel of over 40 lenders to choose from which ensures that you’re getting the best mortgage available.
If you need finance to purchase property in Australia then please call us on 03 9398 3862 (+61 3 93984862 from outside Australia) or complete our free assessment form to discuss your options.
Accountant (if required)
You don’t need to appoint an accountant, but there are a few benefits in having one. Your accountant can help you structure your financials and save you money on tax.
If you’d like to set up Australian companies or trusts to hold your investment, then you’ll need an accountant. Your appointed accountant can be located anywhere in Australia.
Buyer’s agent (if required)
A buyers agent is also very useful if you’re located overseas and can’t physically inspect the real estate you’re buying.
The main job of a buyer’s agent is to source and negotiate the ideal property for you. They’ll deal with the real estate agents for you and will ensure that the property you’re buying represents a good opportunity.
Your buyer’s agent must be licensed and have some presence in the state that you’re buying a property in.
Keep in mind that a buyer’s agent should give independent and objective advice, so should not be selling his/her own properties. Some buyer’s agents will charge a fixed fee, while some other will charge an upfront fee as well as a percentage of the purchase price of the property.
A true buyers agent will not earn any commission from the seller. If they are accepting commission from the seller than they are working for the seller not for you! We can put you in touch with some reputable buyers agents if you need assistance.