Selecting and purchasing real estate in Australia

Australia is very much a land of opportunity in terms of real estate and property ownership. It is a nation which offers its residents an array of home ownership, property investment and leasing and rental options.

Home ownership remains a relatively affordable proposition throughout Australia, providing residents with an investment opportunity that offers financial security and personal satisfaction. According to the Real Estate Institute of Australia, 67 per cent of Australians owned their own house in the 2005-06 financial year, while 28 per cent rented on the private market.

Being such a geographically large and diverse country, Australia offers an enormous selection of property buying and rental options, catering to all budget levels. Metropolitan cities and large regional centres present a cross-section of property types – from units, apartments and townhouses to home and land packages and established houses.

Commercial property is also a significant area of property investment. Unlike many other countries throughout the world, Australia also provides a vast selection of broadacre and smaller land holdings throughout rural and regional areas. These holdings can offer income and lifestyle opportunities.

When buying a home or investment property, it is crucial that you seek expert advice and assistance. This is especially so for new arrivals who may not have an intimate knowledge of the Australian property market.

Before buying a property or even committing to a rental agreement, it is important that you establish a list of priorities and parameters that will help to determine where it is you want to live, and the price you can afford to pay.

Factors such as services (education, health, transport) and proximity to employment must be considered.

Elders Real Estate is one company that is well-equipped to assist new arrivals in their property and accommodation decision-making processes. The company has strategically-placed offices throughout Australia – including metropolitan and rural and regional areas – and overseas, and through this extensive network can help to locate and secure the most appropriate properties for purchase or rental. It offers an extensive property management service, as well as an in-house financial arm ready to accommodate approved purchasers.