AUSTRALIA
BY ANGIE REDMOND
Earn An Income
In Australia
T
he major cities such as Sydney, Perth,
Brisbane and Melbourne are seeing the
biggest rises in property prices. Since the
majority of buyers tend only to purchase as a result
of a permanent move, these cosmopolitan centres
provide the best potential for work – especially
for those on a ‘Sk illed Migrant’ visa. Having
said that, the booming tourist industry provides
a great way to earn an income in a coastal area in
popular destinations such as the Gold Coast and
Cairns in Queensland. If you are looking to make
your money stretch further, then you could look
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Offshore Handbook 2013
in a more rural area – just remember that rural in
Australia could literally mean remote, so do your
research thoroughly first.
Once you have had an offer on an Australian
property accepted you would exchange contracts
straight away. You are entitled to a cooling off
period (usually five to ten days), and the contract
will be conditional on certain clauses (such as a
mortgage approval), but basically you are now tied
into the purchase and will be required to pay a
ten per cent holding deposit. Please note that the
www.reimag.co.za