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What does a person relocating from UK to Sydney need to know when buying or renting a property?

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What does a person relocating from UK to Sydney need to know when buying or renting a property?

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Australia places limitations on the types of properties non-permanent residents or non-citizens can buy. These two categories of migrants can apply for loans with the major lenders, who will lend up to 80% of the value of the property. However, they will require permission form the Foreign Investment Review Board before the purchase can settle. For further information refer to the Foreign Investment Review Board website www.firb.gov.au. To those with Permanent Residency status most lenders will lend up to 95% of the property value, and may also be eligible to apply for the First Home Owners Grant of $7,000 and Stamp Duty concessions. If you choose to rent, Agents will require a bond of four to six week s rent in advance. This is held in trust by the Rental Tribunal to cover damages in the event of a dispute at the end of the tenancy. When you begin your rental, the Agent will supply you with a booklet which outlines your responsibilities and rights as a tenant. Can you highlight some o

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