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From suburb research to finance, signing contracts and moving in, we can guide you through the entire home buying journey.

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Keen to buy a house in the near future? Whether you’re planning to buy your first home, your next home or an investment property, we break down the process of how to buy a house into seven clear steps.

Step 1: Assess your current situation

Your job security, number of dependents (if any) and lifestyle habits will influence how much you can borrow and the type of property you can afford. Here are some key points to think about when deciding if you’re ready to buy a home.

When you make a decision to buy a property, it is one of the most life-changing, and definitely a daunting, decisions of your life considering many other factors with it. Whether you’re buying your first home or looking for an investment property always undertake the homeowner process with your due diligence Always research before you make any purchase. It is quite common for one to think of buying a house as a scary task. However, this is usually due to the lack of awareness, there are several benefits to buy a house in Frankston one of them being it builds wealth over time.

The other benefits include being able to deduct the mortgage interest from tax obligations, look at your house mortgage as a saving plan that you are forced to pay periodically. Owning a house increases your self-esteem and brings a sense of satisfaction as well. Besides which it also helps build equity and provides capital gains exclusion. One of the biggest benefits of buying instead of renting is that buying is cheaper in the long run.

This article goes on to describe how to buy a house in Frankston and benefits of seeking help a real estate agent.

For many people, owning a home in Australia is the ultimate Aussie dream. And that dream is no different for new migrants making Australia their home. When it comes to buying a house in Australia as a migrant though, there are a few rules you need to know about to pave the way to home ownership. Read on to find out what your options are as a migrant on a temporary visa or as a permanent resident buying property in Australia.

Temporary Residents
Australia has strict guidelines for foreign non-residents and temporary residents who wish to purchase property in Australia. Temporary residents are required to obtain approval to purchase from the Foreign Investment Review Board (FIRB). The FIRB is a governing body ensuring all residential properties are bought in compliance with the Foreign Acquisitions and Takeovers Act (1975).

According to the FIRB, a temporary resident is someone who:

Buying land from down under is a process that depends on your reasons for purchase. You may be an oversea investor, or an Australian ex-pat looking for a promising investment opportunity. You may just be looking for a house.

Whatever the reason, if you’re buying a house in Australia, you need to know what you’re signing. Read on to discover how buying a house in Australia can be a simple, painless process.

Why Are Investors Looking for Property in Australia?

It was really important to us to be able to buy our own home in Australia. Wed been home-owners for many years in the UK, and moving into a rental when we arrived in Brisbane was a strange feeling.

When we arrived, I had no idea about the Australian mortgage market. We didnt know how easy it would be for foreigners buying property in Australia, even though we were permanent residents. I didnt know whether wed be able to get a mortgage easily, especially as Matt was working on temporary contracts and I was self-employed. We had no idea how much we might be able to borrow or what sort of house we might be able to afford or what amount of deposit we needed. We figured wed rent for a year to figure out which suburb we liked best and hope everything worked itself out by the time our contract was coming up for renewal.

About six months into our rental contract we were introduced to mortgage broker Anish Prasad, from i Lend Finance Solutions, by a friend (check him out on my Resources page). He came over to our house one evening and talked us through all of our options. We realised we could afford to buy sooner than we expected and he answered all of our questions and addressed all of our concerns.

Australia is one of the best destinations to experience the open space, wide range of beaches, and famous harbor bridge. Apart from this, Australia offers a high quality of living to its people and a safe atmosphere. It also includes better education for the candidates of Australia and abroad. Therefore, it becomes an enchanting spot to live.

Moreover, buying a house in Australia has become easier nowadays. Therefore, it is one of the best investments of an individual to obtain a home in Australia. Also, not locals can take their dream home in this sovereign country, but foreigners can also do. But, they have to follow the guidelines given by the Australian government to purchase a house.

In addition to this, temporary residents and permanent residents both possess the advantage of purchasing a house in Australia.

How to Buy a House in Australia: A Complete Guide for Kiwis

Kiwis have similar rights to Australians when it comes to buying property in Oz. If you’re thinking about buying a home in Australia, this guide will walk you through the process, the pitfalls and the prerequisites.

One of the bonuses of NZ and Australia being so close is that Kiwis can buy property easily on the other side of the Tasman. A Kiwi can waltz into Australia and buy an urban property without FIRB approval — so what are you waiting for?

Where to find a property in Australia

There are a number of websites, and some specific to the state you’re looking in. The top five largest and Australia-wide online real estate sites in Australia are:

When buying a house, one of the most important steps you can take is getting pre-approved.

Kat Tretina Edited by Chris Jennings Updated January 4, 2022

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as «Credible.»