Steps to buying property Down Under

Steps to buying property Down Under

If you have children studying in Australia and want to buy a
property for your children there, or if you plan to buy property
in Australia for investment purposes, the following steps --
contributed by Central Equity Limited, Raine and Horne and PT
Procon Indah -- may be worth studying.

* Contact a property agent in Indonesia that offers Australian
properties for Indonesia customers.

* Check out your options or alternative properties. Choose a
suburb in the vicinity of your children's school if you are
buying a property for your children. Choose the type of property,
whether a house, a townhouse or an apartment, according to your
budget.

* Site inspection. You can do it yourself, or you can entrust
your children there to inspect it, or you can appoint authorized
personnel to check it for you.

* Sign a booking letter only to hold the property for you for
one or two weeks, depending on the availability of the property.

* Sign and exchange of the fixed-price sales contract.

* Transfer 10 percent deposit of the sale price to the
legislated trust account in Australia. Then pay nothing more
until the building is complete. There are no progress payments.

* At settlement, you can either pay the 90 percent balance in
cash or pay partially in cash and partially borrow it from an
Australian bank.