The Australian Government has warmly welcomed and encouraged people from all parts of the world to investment in Australian real estate by foreign nationals. However, some migrants must get special permission to buy real estate in Australia. Only Australian citizens, people with Australian permanent residency and New Zealand citizens can buy a house or other property in Australia without permission from the Foreign Investment Review Board. As a migrant without permanent residency, if you get permission to buy a house, there will be a number of conditions that you have to fulfill. Continue reading →

1. Falling in love with the property
You need to stop thinking like a homeowner and start thinking like a business owner. Yes, you need to like the property; a question you should ask is could you live in it yourself? If you can, then it’s likely someone else can and so the property is probably rent-able.

2. No cash reserves
A lack of cash reserves puts unnecessary pressure on you to do substandard repairs, accept substandard tenants or make other poor decisions because of a fear of vacancy. When you have a sufficient cash reserve, you act rationally. Continue reading →