Buying a home in Perth

In Perth there are many different options in getting your dream home. Many people want to arrive in Perth, buy an established home and settle in. This is the quickest way to get a home and move in however if you need a mortgage most lenders will require at least three months employment history.

This is due to the fact that you have just come from another country and they do not have information regarding your financial status. It is a good idea to get a reference letter from your current bank stating how long you have been a customer with them, and that there have been no credit problems etc. A letter from your employer will assist in this regard also.

In Perth most people put in an offer subject to acceptance by the vendor. There are however, trends developing where people are buying and selling homes at auction.

Properties are advertised for sale in real estate windows, on the internet and in the paper. They usually have a home open on a set day for approx 1-2 hours. This is where you can go and view the property and the real estate manager will be there to answer your questions. The people that own the house will not be there for the home open as this is part of the selling agents’ responsibility.

Holders of temporary residency visas seeking to purchase residential property in Australia require the approval of the Foreign Investment Review Board (FIRB) there are no restrictions on permanent residency visa holders. For information on this visit www.firb.gov.au.

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