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Investment Australia Property, Investment in overseas properties
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3oo3
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 Apr 10 2015, 04:51 PM
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New Member
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Hi, from my understanding the 10% down payment is not transfer to developer. You have to transfer to lawyer firm trust account and its under ur own name. And the 10% will only transfer to developer once completed. Btw, I am referring to apartment in Aus. Not so sure about landed property though. For my opinion, i prefer Aus local developer instead of our Msia own local developer. As subsales only allow to sell to Aus citizen/PR. So better choose those developer that local familiar with.
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3oo3
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Dec 17 2015, 11:02 AM
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New Member
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My advise is go for landed property.
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3oo3
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Jun 27 2019, 11:04 PM
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New Member
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3oo3
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Jun 29 2019, 01:28 AM
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New Member
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QUOTE(BEANCOUNTER @ Jun 28 2019, 12:36 PM) u sure all buyers got their deposit forfeited if they pulled out before the building is completed???? I thought aus has this sunset clause where both seller and buyers have the right not to proceed with the deal before the property is completed? Unless the buyer able to find another investor to take over their unit before completed. There is a risk for apartment buyer on loan side due to we can’t predict whats gonna happen in the next few years. Bank might change the rules. 🤪 Correct me if I’m wrong ya. Any 108 buyer here ? |
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