For first time investors buying property in Australia, there are many issues that they need to understand and experience first-hand. In particular, the question of what kind of property to choose, to pay particular attention to. In this issue, let's take a look at three aspects of buying a home in Australia: the types of houses in Australia, house selection techniques and a comparison of house selection in China and Australia.
More and more people are interested in Australian property investment, Australia is a Commonwealth country and largely inherited from the British system, its property Buildings are broadly divided into the following categories: House, Townhouse, Apartment, Unit. Villa and Studio etc.
Australian houses are one- or two-storey single-family homes with their own separate yard and their own house.
A townhouse can be several adjoining houses in the vicinity, also known as townhouses in China because the neighbouring townhouses share a wall, one right next to the other.
Apartment is a common apartment house in the country, which is at least 3 floors high, with one or more units in each building, and each Units have one floor. Usually the Apartment has an elevator, and each unit has one or more families per floor. Generally, Apartments have the best security, most have access control systems, and rents are generally the highest.
Unit can simply be described as an old style unit of apartment, the houses are mostly 2 or 3 stories, and the old style units do not have elevators. There is usually no access control system in unit, and the door can be opened with a key.
Studio is similar to a hotel room, but with an extra kitchen. It is integrated with the living room and the bedroom, and there is a separate room for the bathroom. The number of floors varies. There are high rise and low rise.
Firstly, what external factors should be considered when choosing investment properties in Australia?
1. Market demand
Make sure you've done your market research, you need to know what types of properties are most in demand in different areas, or will be soon! Being in demand. Once you have determined this you can buy a property based on this.
2. Public transport: buy properties that are close to public transport facilities.
3. Median price: the property you buy can be priced close to the area's median price or so.
4. Pre-purchase research
If you are looking for a new apartment then it is essential that you research who the developer and builder of the apartment is and see what the reviews are of other apartments they have previously launched.
5. The advantage of existing houses
If you are planning to buy an existing home, apartments with attractive exteriors and small parking lots are the most popular.
6. Location of the property
In terms of location, the areas close to the CBD will always have a good rental return.
Secondly, what are the internal factors to look for when picking a home to buy in Australia?
1. Look at the orientation.
Be sure to check the orientation of the house. A north-facing house is of course the best. So ideally the main part of the house, especially the living room, should be facing north (Australia is in the southern hemisphere, so Australian Property with the Chinese property is the opposite), so that the light is good.
2. Look at the size.
Generally speaking, advertisements will not tell you the exact length and width of your home, so you'll need to check carefully if the bedrooms are big enough. Is there enough room to build another entry closet, can the living room accommodate your family, etc.?
3. Look at the parking space/garage
While looking at the property, of course you have to look at the parking space/garage. The garage is more important for Australian properties.
4. Look at the maintenance condition of the exterior of the house
5. Look at the state of maintenance inside the house
6. The floor plan of the house
Thirdly, 5 tips for buying school houses in Australia
When buying a property, it is best to choose a first-hand property, as expatriates cannot buy second-hand property in Australia, although their children can while they are studying. Buy a second-hand property, but once you lose your "status", you must sell it within a month or the government will force an auction.
2. Distribution of schools
If you are buying a home for your child's education, it is recommended that you select a school in one of the few urban areas in Australia where education is well developed. After that, then from some websites to check what school districts are within a few kilometers of this school.
3. Housing environment
The school district is a top priority for parents, which leads them to consider other aspects such as housing prices, quality, environment, and amenities. But in reality, if there are quality problems in the house, or the surrounding environment is noisy and chaotic, this can affect the normal learning and life of the child.
4. Rental demand
Australia's famous schools are mostly concentrated in the city center, the current situation is in short supply, and the vacancy rate is less than 1%. We would like to remind all prospective buyers to compare the cost-effectiveness of housing and invest in a property that is ready to cash in, not necessarily the more prosperous location the better.
5. Do what you can.
The clear advantage of educational resources has led to consistently strong school district prices, which are generally higher than other properties in the same area. All investments are risky, investors should start from the actual economic strength of the family, to live within their means.
Part 3. The big difference between China and Australia: How to calculate the size of a house in Australia?
Calculated area of property in China:
Saleable area of commercial housing = floor space inside the suite + assessed common floor space
In-suite floor area = In-suite usable area + In-suite wall area + In-suite balcony floor area.
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