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FAQ For Buyers
Q.Why should I consider buying a property in the Daintree region of Tropical North Queensland? A. Whether you're an Australian
citizen looking to make solid, financially secure long-term investments
in real estate, or an overseas property buyer who can see the
incredible value in Australian real estate investment generally,
Australia offers an unrivalled level of security plus magnificent
opportunity for capital growth. When it comes to Australian real
estate, the Tropical North, and Daintree in particular, offer the 3 main things
we're all told to look for when buying a property - location,
location and location. Q.Are there any special requirements for property owners in the World Heritage areas? A. Yes. Because of the environmentally sensitive nature of the region, landowners need to make well informed decisions about their land whilst causing the least environmental impact during the property's development. The local Community felt it was essential that future residents should seek advice before construction and the Daintree Community Information Liaison Committee (DCILA), which represents landowner groups in the area, has written and produced the Landholders Information Kit. The Daintree is a special place to all that settle and live here and the need for an information kit describing the best ways to live and build a home in the area is a priority for local residents. It was felt that many of the difficulties faced by new landowners could be lessened by sharing local knowledge and advice. This comprehensive document is available for download in PDF format here. Q. I'm planning on relocating to the Daintree region. What's Involved?
A. We will help you make the
move and transition to The Tropics smooth and easy. Property Shop
Port Douglas offers personalised counselling prior to during and
after your arrival. Our relocation staff are well versed on property
values, the changing dynamics of the marketplace, and the cultural
and historical factors that make our tropical paradise special.
Your needs and interests are our priority in selecting a relocation
specialist to assist you. Q. What's involved in buying a residential property?
A. Buying a new home is not
only an exciting time but, probably one of the largest purchases
you're likely to make, it can also be seen as one of your best long-term
investments - so it's important that you get it right. This means
doing your homework and making sure that the property you will eventually
is buy is the right one for you in terms of price, location, value,
size and lifestyle. There are two main ways to buy a home - by private
treaty or by auction. As a buyer, the choice is not really yours,
as it is the seller who decides the most appropriate method to use
to sell their property. Q. What's The First Home Owner Grant?
Q. What are my options for buying an investment property?
A.
It is generally excepted that the average investor feels more confident
with real estate as a place to secure their future, believing that
over all it will outperform cash and fixed interest deposits, particularly
for the medium to long term. Many Australians prefer to invest in
residential property, as it's a tangible, "bricks and mortar" asset.
Q. What Are Property Tax Allowances? A. Property tax allowances are a valuable aspect of any property investment due to their ability to enhance an investor's return and produce a better cash flow. However, a high level of expertise is required to ensure that investors obtain maximum allowable entitlements. Property tax allowances form part of the Income Tax Assessment
Act 1997 (ITAA 1997) and provide an opportunity for owners of
income producing property to reduce their assessable income. There
are a number of property tax allowances available to property
owners, investors, and developers, including allowances for building
structure and depreciation on plant. Property tax allowances are
often simply referred to as tax depreciation. Q. What Are The Rules For Overseas Buyers? A. The Australian Government's
foreign investment policy has been developed to encourage investment
in Australia and ensure that such investment is consistent with
the needs of the Australian community. The Government recognises
the important contribution offshore investment makes to the development
of Australia's industry, resources and community. Q. What Are My Property Financing Options? A. Over the past few years the Australian mortgage industry has undergone enormous change and upheaval.The dozens of lenders and hundreds of products now on offer is proving to be a great windfall for you, the consumer. Australian Lending Tree is a Cairns based mortgage consulting firm specialising in sourcing residential home and investment loans as well as business and commercial finance and debt consolidation. They are one of several local companies that offer a service to help you find your way through the maze of lenders and products. Q. Should We Consult A Solicitor?
For more information on the legal aspects of real estate transactions, please see our guides on: The conveyancing market is competitive so discuss with your agent and solicitor the fees involved, but remember that the cheapest is not always the best value. Please contact us for a list of local solicitors. Q. How Do Management Rights Work? A. The concept of strata
and community title Management Rights originated in America, but
developed a uniquely Australian form on the Gold Coast in the
early 1960's. It is now estimated there are over 260,000 apartments
in Queensland alone operating under this system. Q. How Does An Auction Work? A. A sale by public auction is arguably one of the most exciting, effective and rewarding methods of buying and selling real property and seen by many as the ultimate indication of value of the actioned property on the day. Ray White Daintree Coast runs a series of monthly auctions over the holiday season to take advantage of the 500,000 or so visitors we get every year. Held normally on the first Saturday of the month, in what is the perfect location here in Port Douglas, the Verandah Bar, at the Central Hotel. More information can also be found in our other FAQ sections:
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