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4 Areas to look at as an expat moving to the Australia
We’re taking a look at four areas of life in Australia that you should give consideration to when relocating to Oz, either as an expat or, even to retire. What comes to mind when you think of the land down under? Stunning beaches, all-round climate, relaxed way of life
4 Areas to look at as an expat moving to the USAWe are taking a look at four areas of life in Australia that you should give consideration to when relocating to Oz, either as an expat or, even to retire. What comes to mind when you think of the land down under? Stunning beaches, all-round climate, relaxed way of life
St Kitts and Nevis: One of the world’s best citizenship investmentsSt Kitts and Nevis has been ranked one of the world's best citizenship by investment programs by experts, as the dual-island nation continues to attract overseas investors to its shores.
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In This Guide
Before you start
Choosing an area
Homes needing work
My dream home
New homes
1. New homes
2. Is it a good idea?
3. Developers
4. The building
5. Incentives
6. So what's on offer?
7. Part exchange
8. Off plan problems
9. Buying off-plan
Offline search
Online search
Schools
Types of purchase
Viewing property
New homes
Buying off-plan
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Buying 'off-plan' is when you buy a house that hasn't been built yet. You will be able to see a show home and probably some plans, a model, or various artists impressions of the development, but you won't actually be able to see inside the home you are committing to.
- People
generally buy off-plan as an investment. There is an element
of risk involved and you get a better price to reflect this.
- In
times of high demand, it may be the only way to get your hands
on a hot property in a sought after area.
- Historically,
investors have fared well from buying property off-plan. Good
quality new homes can often get revalued shortly after completion
with surprisingly high gains for the original buyers.
- In
times of a rising property market, it is perfectly possible
to turn in a significant profit even before a brick has been
laid.
- Buying off-plan means that the purchaser often does not have to pay the balance for quite some time after signing the contracts. For all this time the value of 'their' property could be rising, and they still have not had to sell their existing home, meaning extra benefit if they can sell later at a higher price.
This sounds like fool's play to me. Why would anyone want to buy a house that hasn't even been built yet? Well here are a few reasons:
Of course, we have been riding a rising market for some time now, and it is perfectly possible for a rising market to fall, meaning that you would lose money...
Have you bought off plan? Did it work out fine, or was it a nightmare. Please let us know about your experience.
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