Professional Associates Who Can Assist

Having the right team of professionals can be very useful when purchasing an international property. Below is a guide to service providers who may be able to assist you through your international property purchasing journey.

Conveyancer

The legal process is very important when purchasing international property, and a conveyancer (or solicitor) can help keep the process moving, ensure that it is compliant and answer any questions you may have. It's important to remember that when purchasing property in a particular state, the professional must be licensed to operate in that region. It is also worth noting that conveyancers are known as "settlement agents" in Western Australia (WA).

Accountant

Purchasing international properties does not require an accountant, however, they can be a wealth of information when it comes to the financial dealings involved. Their expertise can save you on tax by properly structuring your financial information. If you would like to create an Australian firm or trust to hold and maintain your investment, an accountant must be involved.

Buyer's Agent

Many international investors are unable to travel to Australia for a property viewing, which is why a buyer's agent is incredibly useful. A buyer's agent will conduct any necessary dealings with real estate agents and can help you make a solid purchase by giving important information regarding the property growth potential.

Mortgage Provider

Ensure that you have someone who is experienced in the purchasing of property by non-residents. Their regional location is of no concern, as they can operate nationally. Century 21 can assist with the Mortgage process. By enquiring online here, we can further discuss your options.

Property Managers

Many investors who seek property in Australia intend to rent the location as an investment. When doing so, you can manage the property yourself or employ the use of a property managing agent.

A professional property manager can oversee all aspects of your property rental. They will maintain all financial records including the collection of rent, conduct inspections, resolve necessary repairs, and manage any disputes that arise.

A property manager's compensation will usually fall between 5 and 10 percent of the weekly rent. Tenant finding fees are also associated with such organisations, but these fees are one-off in nature. When selecting the right agent or agency to manage your investment property, be sure that they are licensed by the Office of Fair Trading (or state/region equivalent). Their website or office will have the necessary documentation.

Century 21 can assist you with your property management needs. Click here to request a rntal appraisal.e