19 Aug 2016
PURCHASING INTERSTATE OR IN OUR OWN BACKYARD
When purchasing a property interstate, you have to ensure you understand the process. All the associated fees and what the conveyancer, solicitor fees are.
Each state has different stamp duty calculators and these will impact how much deposit you will need when purchasing a property.
The advantage of purchasing a property in your own state, you can jump in the car and check on the property or sit down with your property manger very easily.
Clients tend to invest interstate, once they have a few properties in their own state. This diversifies their risk and enables you to take advantage of different market conditions.