Accommodation Index

Buying a House in Australia

Rules apply on who is allowed to purchase property, although any Australian Citizen or Permanent Resident of Australia can a buy a house in Australia without any restrictions.

Each State has its own rules and regulations on purchasing property.
What may be correct procedure in one State may not be the same in another, so it is advisable to always check first, before assuming that what you have heard elsewhere actually applies.

One example of this is making an offer for the purchase of as property:

In some States, NSW being one, an offer is just that, it is an offer to purchase. However, in other States, QLD being one, an offer to purchase a property is actually signed by the purchaser, and, if accepted by the seller, becomes a contract immediately. Therefore make sure your offer is subject to your conditions. The Real Estate agent should advise you on this, but the initial conditions you should request, as a minimum, are "Subject to you getting suitable finance" and "subject to satisfactory Pest Inspection and Building Report".

Always, when buying a house, have a Pest Inspection and Building Report done before completion.