FAQ For Overseas Investors

Q.Why should I consider buying a property in the Port Douglas-Cairns region?

A. Whether you're an Australian citizen looking to make solid, financially secure long-term investments in real estate, or an overseas property buyer who can see the incredible value in Australian real estate investment generally, Australia offers an unrivalled level of security plus magnificent opportunity for capital growth. When it comes to Australian real estate, Port Douglas and Cairns uniquely offer the 3 main things we're all told to look for when buying a property - location, location and location. More info...

Q. What Are The Rules For Overseas Buyers?

A. The Australian Government's foreign investment policy has been developed to encourage investment in Australia and ensure that such investment is consistent with the needs of the Australian community. The Government recognises the important contribution offshore investment makes to the development of Australia's industry, resources and community. More info...

Q. Should We Consult A Solicitor?

A. The buying and selling of your home may be one of the most important transactions in your life. Factors other than the price of the property need to be considered. To ensure that no unexpected costs arise or problems appear in the transaction, it is best to seek the advice of your solicitor before any contract is signed.

For more information on the legal aspects of real estate transactions, please see our guides on:

• Buying and Selling a House
• Buying and Selling A Unit Or Townhouse
  

The conveyancing market is competitive so discuss with your agent and solicitor the fees involved, but remember that the cheapest is not always the best value. Please contact us for a list of local solicitors.

Q. How Do Management Rights Work?

A. The concept of strata and community title Management Rights originated in America, but developed a uniquely Australian form on the Gold Coast in the early 1960's. It is now estimated there are over 260,000 apartments in Queensland alone operating under this system. More info...

Q. What are my options for buying an investment property?

A. It is generally excepted that the average investor feels more confident with real estate as a place to secure their future, believing that over all it will outperform cash and fixed interest deposits, particularly for the medium to long term. Many Australians prefer to invest in residential property, as it's a tangible, "bricks and mortar" asset. More info...

Q. How do I transfer money from my country to Australia?

A. There are banks that specialise in transferring money around the world. If you are intending to purchase a second home or relocating to Australia with overseas capital you will be, quite rightly, looking for savings. Foreign Payments offer Telegraphic Transfers and foreign drafts at individually negotiated rates and their charges are some of the most competitive in the industry. Their advisers will help you through every stage of your foreign exchange needs from sending you daily exchange rates (by e-mail), to supplying you with commission free currency for all your overseas travel.

More information can also be found in our other FAQ sections:

• Buyers
• Sellers
• General Investment Information
• Relocating To North Queensland