TorFX offer ultra-competitive exchange rates for people buying property in Australia, whether you are buying a second home, or emigrating. We can also send your funds to your bank account in Australia free of charge.
Australia has been a highly popular destination for the British buyers over the last few years, with increasing numbers emigrating for the warmer climate, friendly people, and the wealth of natural wonders and activities available. There are many advantages to buying property in Australia, including the excellent weather, good food, and a beautiful coastline.
Before you commit to buying property in Australia, you should take time to consider the financial implications of your transaction, especially in respect of the exchange rate. Exchange rate fluctuations can make a dramatic difference to the price you end up paying for your property in Australia. TorFX are able to offer preferential exchange rates which are usually only available from your bank on transactions of £1m or more. On a typical transaction, clients save 1.6% by using TorFX.
There are also other factors you will need to consider when buying property in Australia.
Buying Property in Australia - Legal Representation
It is always worth seeking advice from a local lawyer when buying property in Australia . There may be special visa requirements, and a local lawyer or emigration agent will be able to advise you.
Buying Property in Australia - Buying Outright
If you are buying a resale property in Australia, you will at some point need to change your sterling into Australian dollars. TorFX can help you get the most from your transaction, as well as protecting you from exchange rate fluctuations. Once your property purchase has been agreed, you can reserve your dollars at a guaranteed exchange rate, allowing you to have total peace of mind, and focus on the more enjoyable aspects of buying property in Australia.
Buying Property in Australia - Buying Off-Plan
If you are buying property in Australia, and your property is part of a new development, you will probably need to make a number of "stage payments", with the final payment due upon completion. This can entail risk, since the exchange rate is likely to fluctuate considerably during this period. TorFX can help you avoid this risk by fixing a guaranteed exchange rate for your various stage payments in advance. When buying off plan property in Australia, this option can be highly advantageous. |
