Tag: Australia

Top Airbnb Rental Management Companies in Australia: An Overview

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Australia has one of the most active real estate markets in the world, attracting many investors from Asia.

Over the years, the market has performed comparatively well and was less affected after the subprime crisis, for example.

Airbnb has sprung up as the most popular option for short-term rentals, a reason why more investors turn to the website. Yet many don’t reside in Australia or have the time to manage their rental units.

A preferred option is to utilize a third-party, so-called Airbnb rental management company to manage the unit for you.

In this article, we list some of the biggest and most popular companies that manage Airbnb units for property owners in Australia.

1. AirKeeper

AirKeeper is a renowned Airbnb rental management company that is located in Alexandria, NSW. The team comprises ten persons, with a long experience in the buy-to-let industry. Continue reading Top Airbnb Rental Management Companies in Australia: An Overview

Top 8 Property Management Companies in Australia

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Australia has a noticeably different property market compared to other Asia Pacific countries.

While people cramp into apartments in Shanghai, Seoul, Ho Chi Minh City, and Bangkok, living in a house is the standard for most in Australia.

As a result, you rarely see multinationals like Savills taking care of property management. The company is more known for managing large-sized condominium projects in Southeast Asian countries, for example.

Instead, you primarily find domestic companies that offer property management services. The companies are smaller and focus on specific cities.

In this article, we review the top property management companies in Sydney, Melbourne, and Brisbane.

Sydney

Rent360

Rent360 is a leading property management company and headquartered in Sydney. Continue reading Top 8 Property Management Companies in Australia

How to Buy Industrial Real Estate in Australia: A Full Guide

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Australia has one of the most developed industrial real estate markets in Asia.

Mining, construction, agriculture, electronics production, and automotive are at the core of domestic production, contributing much to the economy.

Yet, we’ve seen little investments in the industrial property market by comparison as the retail and office markets get most of the attention. Both local and overseas investors have followed this trend.

This is changing and the industrial market is pacing up due to the rise of eCommerce and the need for advanced logistics facilities.

The demand for industrial real estate will increase as companies take measures due to shortages and excess inventories experienced during the pandemic. We review this in greater detail later.

Topics covered:

  • Can foreigners buy industrial real estate in Australia?
  • Investment Threshold Values for FIRB Approval
  • Australia’s Industrial Real Estate Market
  • Industrial Clusters in Australia

Can foreigners buy industrial real estate in Australia?

Investing in industrial real estate is generally straightforward and regulations transparent. Continue reading How to Buy Industrial Real Estate in Australia: A Full Guide

How to Buy Office Space & Buildings in Australia: The Complete Guide

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While Australia’s residential real estate market has reached all-time highs and the government introduced stricter buying regulations, the commercial property market gains more interest from investors.

Investments in office space have accounted for around 80% of total investments by foreigners in the previous decade, with retail properties accounting for a bit more than 10%.

Around a quarter of investors in commercial real estate are foreigners.

While Sydney and Melbourne are considered some of the most important to the APAC economy, smaller cities like Hobart and Adelaide get increasingly more attention.

In this article, we review how you can invest in Australian office space and buildings.

Topics covered:

  • Can foreigners buy office space in Australia?
  • Australia’s Office Market
  • Cities to Invest in Office Space

Can foreigners buy office space in Australia?

Australia attracts many residential property investors and primarily in Melbourne, Sydney, and Brisbane. Recently, we’ve also seen a greater uptake in smaller cities like Hobart, the capital of Australia’s island state of Tasmania. Continue reading How to Buy Office Space & Buildings in Australia: The Complete Guide

How to Buy Land in Australia: A Complete Guide

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Investing in Australian land plots is comparably easy to other Asian countries like Thailand, the Philippines, and Indonesia.

Foreign investors generally only have to apply for approval to the Foreign Investment Review Board (FIRB), but few applications have been rejected.

Worth mentioning is that your nationality and what land type you plan to buy affect the requirements. In this article, I present the key information when foreigners buy land in Australia.

Topics covered:

  • Can foreigners buy land in Australia?
  • Land Types Available to Foreigners
  • Process of Buying Land in Australia
  • Land Prices in Australia
  • Taxes

Can foreigners buy land in Australia?

Australian citizens can own land on a freehold basis, which is contrary to developing countries like Vietnam where land is controlled by the state. As such, in this article, we primarily focus on how it works when foreigners acquire land in Australia. Continue reading How to Buy Land in Australia: A Complete Guide

Buying Property in Australia: The Definitive Guide

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Australia is a popular choice when people from places like Hong Kong, Singapore and China look for properties overseas.

The Australian property market has grown remarkably fast over the years and prices have reached unsustainable levels in places like Sydney and Melbourne. Not surprisingly, many locals move to smaller cities.

Australia will continue to attract foreign real estate buyers over the years, might it be future retirees or people who want to send their kids overseas to study.

Before you buy property here, it’s important that you get your feet wet and learn about local buying regulations, property taxes, the best places to buy, and more.

In this article, I explain the details you need to know when buying real estate as a foreigner in Australia.

Topics covered:

  • The Australian Property Market in Previous Years
  • The process when buying a property in Australia
  • What is a temporary resident in Australia?
  • Which properties can I buy as a non-resident?
  • What is a ‘dwelling exemption certificate’?
  • How do I apply for a foreign investment approval?
  • What is FIRB?
  • Property Taxes in Australia

The Australian Property Market in Previous Years

The US and other European countries suffered hard from the subprime crash in 2008, seeing house prices plummeting. Surprisingly, the Australian property market wasn’t affected as much. Continue reading Buying Property in Australia: The Definitive Guide

Australia Property Market Outlook 2020: A Complete Overview

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Australia is the to-go place for people who wish to live in a stable nation, offering great education, and a comfortable climate. Foreign investors, many from China, have flooded the market and real estate prices have reached record-breaking levels.

Worth mentioning is that Australia has never experienced a major decline and didn’t suffer much during the subprime crash 2008 when prices continued upwards. There are several interesting reasons behind this, of course.

In this article, I explain how Australia’s property market has performed in the past years and what the predictions are for 2019.

Australia’s Property Market in Previous Years

Australia’s property market was booming in 2016 to 2017 and we saw house prices breaking all-time high records. The millennials were even told to give up eating avocado toast if they ever wanted to afford a house.

According to Huffington Post Australia, the house price growth in recent years are related to:

  • Investor activity in Sydney and Melbourne
  • Low interest rates
  • Tax incentives such as negative gearing and capital gains tax discounts

Theconversation.com has an illustrative chart that shows how housing prices have continuously been in decline, after hitting a peak in the 3rd quarter of 2017. It’s also the first annual decline since 2012.

Lower demand for homes and a tightening of lending to investors played a big role in the price falls according to the ABS Chief Economist, Bruce Hockman. Regulators have progressively clamped down risky lending, such as interest-only mortgages.

With around 40% of Australians having interest-only mortgages, it’s a wise choice. The banks have toughen-up previously lax expense and income verification. Continue reading Australia Property Market Outlook 2020: A Complete Overview

Top 10 Real Estate Agencies in Australia: The Ultimate Guide

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Australia continues to be one of the most popular destinations for overseas property buyers in the Asia Pacific.

Here, you’ll find dozens of international real estate agencies and tens of thousands of real estate agents. If you’re about to buy Australian property, you need to assure that you work with a credible agency that has a decent track record.

In this article, I’ve listed some of the biggest and most reputable real estate agencies in Australia.

1. Ray White

Ray White is one of the oldest and biggest real estate companies in Australia. With over 116 years of experience, they’ve expanded to numerous locations overseas, namely: New Zealand, Indonesia, China (including Hong Kong S.A.R), the Middle East, and Atlanta (USA).

Despite having around 1,000 individually owned offices, it continues to be a family owned business. You’ll notice that Ray White has a strong presence in places with a high concentration of Australians, for example in Bali. Continue reading Top 10 Real Estate Agencies in Australia: The Ultimate Guide

Buying Off-Plan Property in Perth: By Amanda Gauci

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Perth is the capital and the biggest city of the Australian state of Western Australia. Being the 4th most populous city, Perth offers a great quality of life with white beaches and property prices that are not as propped up compared to Melbourne and Sydney.

Interestingly, the distance to Jakarta is shorter than if you would travel from Perth to Sydney or Melbourne, giving you more proximity to the rest of Asia.

Off-plan property is a preferred choice when foreigners invest in Perth and Australia, a reason why I decided to invite Amanda Gauci, the founder and managing director of Pulse Property Solutions, a boutique property development company located in Perth.

Today she will explain about:

  • Perth’s property market
  • The process when buying off-plan property
  • Benefits of buying in Perth
  • Interesting projects built by Pulse Property Solutions, including illustrations

Welcome Amanda, first, can you please tell us a little bit more about yourself, your history, and how Pulse Property Solutions helps foreign buyers to buy off-plan in Perth?

I founded Pulse Property Solutions ten years ago with my family with the aim to create unique boutique developments that people love living in. I come from a business and marketing background which provides a unique approach to development and design.

I’m passionate about the development industry and am part of the HIA Environment, Planning & Development Committee, and a board member of Entrepreneurs Organisation Perth.

Continue reading Buying Off-Plan Property in Perth: By Amanda Gauci

Top 13 Property Developers in Australia: The Definitive Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

Buying off-plan or new property is the first choice among many foreign investors in Australia.

In fact, established properties are only available to local citizens and temporary residents, unless you get approval from the FIRB (Foreign Investment Review Board).

The government introduced new buying regulations as late as 2015, to reduce the influx of foreigners (especially from China), and to protect the local market.

As the trend becomes obvious and we see a higher demand for off-the-plan property, I decided to write this article where I list some of the biggest residential property developers in Australia.

1. Metricon Homes

Metricon has been ranked as the biggest residential developer in Australia by the Housing Industry Association (HIA) since 2011. In 2017, it retained its top position with 4,365 starts, more than any other developer.

Metricon Homes was established in 1976 and the head office is located in Melbourne.

Property types

Metricon builds mostly single and double-story homes. In addition, they offer services like knocking down old properties for rebuilding purposes, build display homes for investors and customize apartments according to your living style.

You can also find home and land packages, where you simply buy a block of land with different interiors and exteriors offered. Later, they build a house based on the design you select.

Current projects

Metricon Homes builds individual homes instead of projects. You can explore different designs on their website, like Amalfi, Allure, Dromana, and more than 80 other designs.

Future projects

You can find multiple packages on their website, including single and double-story homes in different locations, as well as home and land packages.

Prices & areas

Based on the prices quoted on their website, you can find a home and land package in all major cities of Australia. Prices range from around $200,000 to $1,800,000, depending on location, land size, and the design you choose.

Continue reading Top 13 Property Developers in Australia: The Definitive Guide