It’s a sad, sinking feeling many investors have experienced. You've finally chosen to invest in property in Australia after years of saving. You've been seeing your friends and relatives generate huge profits for years and are curious as to what all the fuss is about. However, after doing some study, you find a serious issue. Your neighbourhood or state is out of your price range, and your hopes have been dashed.

But there is a tested approach by an investment property advisor that does not include selling your car and living on bread and water. You can always buy interstate. Not only prices are possibly lower, but rental yields and capital growth opportunities may be substantially greater. 

The first step is to conduct research 

Have a firm grasp on the style of property you want, the size of land you choose, and any additional features you desire (e.g. landscaping, driveways, fencing etc).

This may help you limit your options and make a decision. Check to determine if the places you're interested in provide the amenities you'll need, such as schools, public transportation, shopping malls, and hospitals or medical facilities.
For example, if you’re an active person, you will also want to live somewhere with plenty of parks and recreational spaces

Consider the following costs on property in Australia: 

- Travel and accommodation. Don't forget to account for 'to and from' expenditures from the markets to your lodging, airport, and so on.

- Courier fees (if applicable)

Make contact with a developer.

Following your research, you can arrange a meeting with a developer representative who provides the property that meets your needs and preferences. Since all builders and properties differ, make sure you thoroughly examine their costs, expected build time, and any hidden expenses in the contract.

Know the developer

and what they've previously delivered. Make sure to get specifics on what is and isn't included in the deal – display homes include the greatest fittings, finishes, and appliances that may or may not be included in the basic package. 

Communicate what you want with your layout as well, as this might be a problem for builders.

Perform due diligence before hiring a developer and builder.

Before finalising an agreement with a builder for an interstate property, enquire about samples of houses they have worked on in the last two years. It would be beneficial to speak with the owners as well, since this will provide you with insight into the process and how satisfied they are with their house.



Aside from completing these tests, an investment property advisor asks to ensure that your builder is licenced and has builder's insurance. Additionally, ensure that they have evaluated the lot for suitability. 

Before signing the contract of the property in Australia, consult with a solicitor.

Congratulations! You've discovered a property in Australia that meets your requirements and preferences. But don't sign on the dotted line until your solicitor has reviewed the contract for workmanship warranties, builders insurance, plans and specifications, and any cost differences (known as variances).

Make sure to cover all of your financial bases.

To proceed with the purchase of interstate buying property in Australia, you must consult with a mortgage broker and have your finances approved.

Buying interstate may turn up to be overwhelming. When you buy interstate it becomes more complicated to manage all these aspects this is why it’s important to use an investment property advisor that can secure a good deal.

At PB Property, we do all the negotiations with the builder and developer and update you with the market research.

If you want an expert in your corner who understands the game and can guide you from the property you have to the goals you want to achieve… You've come to the right place!

Give me a call on 0425 395 795 or book a slot to learn more pro tips related to buying Interstate Property In Australia.