Real Estate for Aussies Coming Home
Real estate for Aussies coming home will be a massive topic after last week’s announcement by Scott Morrison that the borders are opening to some degree. Of course, there are strict rules to protect everyone’s safety. As I am currently based in Melbourne and in Stage 4 COVID-19 lockdown, I hope that the hotel quarantine is effective and enforced once Aussies are back home. Apparently, 27,000 Australian citizens have returned from overseas since COVID-19 hit our shores.
In last week’s report on the National Cabinet meeting, our Prime Minister said that the quota would be lifted to 6,000 Australian expats arriving per week, coming home into NSW and he expects around 40% of these to be wanting to go on to other states. They will be coming on commercial charter flights and paying for hotel quarantine themselves. Channel 9 featured this article entitled Thousands more Australians to come home as states agree to lift international travel cap.”
Need Help?
Australians wanting to return home may find the Smart Traveller website a useful resource. Also the Victorian Government can assist and the Department of Health and Human Services (DHHS) has a lot of helpful content.
Where will they live?
Accommodation and housing will be high on these returning Australians agenda after lockdown. Many will return to live with family but others will need to rent or buy a home.
Rent or Buy?
The first decision returning Aussies coming home is where to live and whether to buy or rent. Unless you know a suburb well, want to be near family or have a very clear idea of your future needs, Buyer Solutions always recommends renting for a period of time after arrival. If you love the suburb and its amenities, you can always buy and break your lease. Our advisers can assist you to secure a rental property and the best terms on your lease to allow future flexibility. Professional assistance from a fully licensed Buyers Agent will fast track you move home and ensure that you don’t overpay or commit to a poor quality property. We know Melbourne and Victoria and can look after your real estate needs.
Tree Change?
COVID-19 has forced many decisions upon us. Property buyers are making choices based on new working life arrangements including working from home and staying within the immediate neighbourhood. Population density has become a negative and many buyers are opting for a tree change, moving to leafy suburbs further from the Melbourne CBD with more parks, views, exercise options and green areas. These are things people value and miss during lockdown.
Sea Change?
Buyers are also making sea changes as walking on the beach, surfing, stand up paddle boarding, boating and fishing emerge as more valued interests than ever.
Fast Internet Mandatory
Fast internet connection speeds are essential when working from home and the internet service must also be reliable. Ensure knowing what is on offer in any area you target to buy into is a vital part of pre-purchase research. If you are too busy or inexperienced, you can outsource this property research to the experienced Buyer Solutions team and we will make enquiries for you and ensure you are fully informed prior to renting or buying real estate. There is too much at stake to make costly mistakes.
If you are moving home to any other state in Australia, please ensure you employ a fully accredited Real Estate Buyers Agent Association (REBAA) member to represent you. Only then can you be sure that you have the best representation. Buyer Solutions Buyers Agents specialise in relocations and have worked for Australians coming home for over 25 years. Our services take the stress out of relocating and ensure you have up to date property information to base your decisions on.
For independent advice on buying or selling real estate, contact Janet Spencer at Buyer Solutions +61 3 9816 8555 or email jspencer@buyersolutions.com.au
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