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You are at:Home»Economy»Features of the purchase of real estate in Australia

Features of the purchase of real estate in Australia

October 25, 2019

You can buy a primary real estate object in Australia by drawing up a deal without leaving your country. In this case, the buyer needs to choose your favorite object on the website of a suitable construction company. After the object is finally defined and selected, the representative of the builder provides all the necessary information about it and sends a contract for which only the buyer’s passport will be required for the signature.

After returning the signed contract, the buyer transfers 1% of the cost of the facility to the account of the construction company. Two lawyers will draw up a purchase and sale transaction: one who represents the interests of the buyer, and the second – on the part of the developer, each of which has a work license precisely in the staff in which real estate is purchased. It is possible to find a lawyer who will conduct business cases on the relevant sites, he will also advise the buyer on all questions of interest.

After a certain period of time (it will be indicated in the contract) from the moment of payment of 1% of the value of its future real estate, another 9% is transferred to the account of the developer. After the commissioning of the property, the remaining 90% are paid into operation. When buying a built housing, the remaining amount is paid on time agreed with the developer, usually this is from 1 to 3 months. When buying, you should take into account additional costs in the amount of 5 to 9%.

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