Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

Rent or buy... before you try?

Rent or buy... before you try?

Old May 9th 2009, 9:59 am
  #1  
Forum Regular
Thread Starter
 
Joined: May 2009
Location: Essex but heading to Perth 2012!
Posts: 292
Lois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really nice
Default Rent or buy... before you try?

Has anyone arranged to rent/buy a property before arriving in Oz? Whats the usual spec for when you land. Hotel? then search to rent or buy?

With rental what sort of length of lease is normal and how long does it take generally to purchase a property from beggining to end?

Is it easier to terminate a lease prior to the agreed term?
Lois1 is offline  
Old May 9th 2009, 10:25 am
  #2  
 
Lenmil's Avatar
 
Joined: Dec 2004
Location: Planet Earth, for now.
Posts: 719
Lenmil is a splendid one to beholdLenmil is a splendid one to beholdLenmil is a splendid one to beholdLenmil is a splendid one to beholdLenmil is a splendid one to beholdLenmil is a splendid one to beholdLenmil is a splendid one to beholdLenmil is a splendid one to beholdLenmil is a splendid one to beholdLenmil is a splendid one to beholdLenmil is a splendid one to behold
Default Re: Rent or buy... before you try?

I have only rented in Oz and NZ. And i am glad i did this as it gave me good idea on how cold a house can be in winter. You will have to put up front a bond and maybe 2 weeks rent or more. Now when you rent you will have to have house inspections every few months or so to make sure you are not trashing the place. But being in a rental does mean they can ask you to leave or in my case sell the house. Maybe you can rent a fully furnished place or an empty place in wich case you will have to buy stuff to put in.

For my own experiences i would rent first in an area to see if it suites you. But its up to you how you do it. Good luck with what you decide.
Lenmil is offline  
Old May 9th 2009, 10:55 am
  #3  
BE Enthusiast
 
Joined: Feb 2009
Location: In a paradise island
Posts: 624
shafanm is just really niceshafanm is just really niceshafanm is just really niceshafanm is just really niceshafanm is just really niceshafanm is just really niceshafanm is just really niceshafanm is just really niceshafanm is just really niceshafanm is just really niceshafanm is just really nice
Default Re: Rent or buy... before you try?

Best would be to stay in hotel for few days in a location close to where you intened to settle and first rent a house may be for six months, the first six month will give you information of the area so you can make a wise decision whether to buy from that area or not,
shafanm is offline  
Old May 10th 2009, 8:17 am
  #4  
Forum Regular
Thread Starter
 
Joined: May 2009
Location: Essex but heading to Perth 2012!
Posts: 292
Lois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really nice
Default Re: Rent or buy... before you try?

Thanks, how long does it take roughly to purchase a property? Do you have to you throw things like surveys and searches??
Lois1 is offline  
Old May 10th 2009, 12:04 pm
  #5  
BE Forum Addict
 
Pomster's Avatar
 
Joined: Apr 2005
Location: Western burbs, Melbourne
Posts: 2,260
Pomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond repute
Default Re: Rent or buy... before you try?

Originally Posted by Lois1 View Post
Thanks, how long does it take roughly to purchase a property? Do you have to you throw things like surveys and searches??
Not sure if it is the same in all states, but here in Vic, when you sign the contract to agree to buy, the settlement date is fixed.
If you buy via private sale (not at auction) you can add a clause to the contract to say it is only binding if you get a satisfactory survey- usually has to be arranged by you within 10 days, Then you pay 10pct deposit.
Settlement dates are 30 days min and 120 max.

If you buy at auction, you check property before auction- and if not, and you are successful bidder, you have to buy anyway.
Conveyancers work very swiftly!
Pomster is offline  
Old May 10th 2009, 12:56 pm
  #6  
BE Forum Addict
 
sj oldfield's Avatar
 
Joined: Nov 2003
Location: Lower Chittering, Perth
Posts: 4,646
sj oldfield has much to be proud ofsj oldfield has much to be proud ofsj oldfield has much to be proud ofsj oldfield has much to be proud ofsj oldfield has much to be proud ofsj oldfield has much to be proud ofsj oldfield has much to be proud ofsj oldfield has much to be proud ofsj oldfield has much to be proud ofsj oldfield has much to be proud ofsj oldfield has much to be proud of
Default Re: Rent or buy... before you try?

Renting a fully furnished place upon arrival will be much much cheaper than a hotel!
sj oldfield is offline  
Old May 10th 2009, 1:22 pm
  #7  
BE Enthusiast
 
Joined: Jan 2007
Location: Formerly Basingstoke now Gold Coast
Posts: 721
hantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud of
Default Re: Rent or buy... before you try?

Originally Posted by sj oldfield View Post
Renting a fully furnished place upon arrival will be much much cheaper than a hotel!
I second this comment, plenty of furnished rentals about.

Its a lot quicker to buy here than in the UK, usually contracts to exchange within 30 days of foffer being accepted.

I would rent for a while and suss it out first, there a lot to learn but good luck anyway.
hantsfamily1 is offline  
Old May 10th 2009, 6:06 pm
  #8  
Forum Regular
Thread Starter
 
Joined: May 2009
Location: Essex but heading to Perth 2012!
Posts: 292
Lois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really nice
Default Re: Rent or buy... before you try?

Originally Posted by sj oldfield View Post
Renting a fully furnished place upon arrival will be much much cheaper than a hotel!
Would you do this in from the UK beforehand? What documents/deposit would be needed to arrange this from here? Or if you had to stay in hotel initially how quick can you rent and move into a property, can it be done in a matter of days?
Lois1 is offline  
Old May 11th 2009, 1:45 am
  #9  
BE Forum Addict
 
pompeyblonde's Avatar
 
Joined: Apr 2005
Location: Burnham On Crouch Essex
Posts: 1,511
pompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to behold
Default Re: Rent or buy... before you try?

Rent, give yourself time to have a look around and see where you want to be. many people have been caught out this way!

Good luck!
pompeyblonde is offline  
Old May 11th 2009, 3:29 am
  #10  
Forum Regular
Thread Starter
 
Joined: May 2009
Location: Essex but heading to Perth 2012!
Posts: 292
Lois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really nice
Default Re: Rent or buy... before you try?

Yeah think we will rent first, as you say that way get to know the areas and schools etc beforehand.

Have looked at "holiday rentals" for the short term but these seem particularly expensive !?

Can anyone help with regard to how long it takes to move in once we see a place to rent? Dont want to waste all our money on hotels! are we talking days or weeks before we are able to move in to rented accommodation?
Lois1 is offline  
Old May 11th 2009, 3:37 am
  #11  
BE Forum Addict
 
pompeyblonde's Avatar
 
Joined: Apr 2005
Location: Burnham On Crouch Essex
Posts: 1,511
pompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to beholdpompeyblonde is a splendid one to behold
Default Re: Rent or buy... before you try?

I was in in two days! so long as its empty and the place is ready they are happy for asap.
pompeyblonde is offline  
Old May 11th 2009, 5:35 am
  #12  
BE Enthusiast
 
Joined: Jan 2007
Location: Formerly Basingstoke now Gold Coast
Posts: 721
hantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud ofhantsfamily1 has much to be proud of
Default Re: Rent or buy... before you try?

some holiday rentals are around the $500-$600 per week but this is an all in cost. No bills, all you need to book a holiday rental is the money, long term rentals is when you require references etc, these could be people that you know in Oz not former landlords or employers if you have only just arrived.

As the previous poster said, if its empty you could move in next day.
hantsfamily1 is offline  
Old May 11th 2009, 10:07 am
  #13  
BE Enthusiast
 
calNgary's Avatar
 
Joined: Aug 2008
Location: flagstone estate,Jimboomba, Brisbane
Posts: 387
calNgary is a name known to allcalNgary is a name known to allcalNgary is a name known to allcalNgary is a name known to allcalNgary is a name known to allcalNgary is a name known to allcalNgary is a name known to allcalNgary is a name known to allcalNgary is a name known to allcalNgary is a name known to allcalNgary is a name known to all
Default Re: Rent or buy... before you try?

i would rent furnished place from uk then get 6mths rental, you can rent unfurnished place by the mth but will cost more, we bought a house in 4 weeks, lot less hassle than uk but check areas out first, good luck
calNgary is offline  
Old May 11th 2009, 10:12 am
  #14  
Kingscliff NSW/QLD border
 
the plumber's Avatar
 
Joined: Jul 2004
Posts: 431
the plumber is a name known to allthe plumber is a name known to allthe plumber is a name known to allthe plumber is a name known to allthe plumber is a name known to allthe plumber is a name known to allthe plumber is a name known to allthe plumber is a name known to allthe plumber is a name known to allthe plumber is a name known to allthe plumber is a name known to all
Default Re: Rent or buy... before you try?

Definitely rent for the first 6/12 mths,that way you get to know if the areas right for you also wether you can find work there....
the plumber is offline  
Old May 11th 2009, 12:37 pm
  #15  
Forum Regular
Thread Starter
 
Joined: May 2009
Location: Essex but heading to Perth 2012!
Posts: 292
Lois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really niceLois1 is just really nice
Default Re: Rent or buy... before you try?

Originally Posted by hantsfamily1 View Post
some holiday rentals are around the $500-$600 per week but this is an all in cost. No bills, all you need to book a holiday rental is the money, long term rentals is when you require references etc, these could be people that you know in Oz not former landlords or employers if you have only just arrived.

As the previous poster said, if its empty you could move in next day.
Thanks, yes of course wasnt thinking that it would be "all inclusive". We know no one in oz, OH has own building co so cant get a reference there and we own property here and have neve rented - so how do we stand when it comes to getting references??
Lois1 is offline  

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.