Real Estate In The Pacific Islands
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The process of buying property in Australia is relatively straightforward and foreign investors are permitted to own real estate in Australia as long as the land or property for sale has been approved for sale to overseas buyers by the Foreign Investment Review Board. Income and capital gains derived from property owned in Australia has to be reported to the Australian taxation authorities but there are certain incentives in place for overseas property investors to reduce or negate their taxation liability. In general the first stage of the property buying process in Australia is to source suitable real estate or land for sale that suits the particular requirements of the investor. It is essential to ensure that any particular property the investor is interested in has Foreign Investment Review Board approval as previously stated, and then it is possible to make a move on that real estate either by making a formal offer to purchase or attending an auction and bidding.  Especially in certain parts of Australia it makes sense to have a full survey done on any resale properties that you are interested in because buildings can be particularly susceptible to problems with damp, termite infestation as well as a number of other unpleasant issues.
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