Property In Australia

Complete Guide to Buying Property in Australia: Process, Costs, and Regulations with Ynance

Buying property is one of the biggest investments that most people will make in their lifetime. It’s a significant decision that requires careful consideration of several factors such as location, price, and purpose. In Australia, property ownership is an essential aspect of the country’s culture and economy.

Why Buy Property in Australia?

Australia has a robust property market that attracts many local and foreign investors. The country’s stable economy, political stability, and low crime rates make it an ideal location for property investment. Additionally, the government offers several incentives to encourage property ownership, such as tax deductions for property expenses and capital gains tax exemptions for certain property types.

Another significant advantage of buying property in Australia is the potential for capital growth. Over the years, property prices in major cities such as Sydney and Melbourne have steadily increased, with some areas experiencing double-digit growth. Property investors can also generate passive income by renting out their properties, with rental yields ranging between 3-5%.

Types of Property in Australia

There are various types of properties available in Australia, each with its unique features and benefits. The most common types of property include:

  1. Houses: Houses are standalone structures that offer the most privacy and space. They can be single or multi-story and come in a variety of styles, including traditional, modern, and contemporary.
  2. Apartments: Apartments are multi-unit buildings that offer a more compact living space. They are ideal for those looking for a low-maintenance lifestyle, and they usually come with shared amenities such as gyms, pools, and parking.
  3. Townhouses: Townhouses are multi-level homes that share one or more walls with neighboring properties. They are similar to apartments in terms of space and amenities, but they offer more privacy and often come with outdoor areas such as gardens or balconies.
  4. Units: Units are similar to apartments, but they are typically smaller and located in older buildings. They offer a more affordable entry point into the property market, and they are often located in convenient locations close to amenities such as shops and transport links.


The Buying Process

The process of buying property in Australia is straightforward, but it can be complex, especially for first-time buyers or those unfamiliar with the local regulations. Here is an overview of the buying process:

  1. Research and Property Search: The first step in buying property in Australia is to research the market and identify properties that meet your requirements. You can use online property portals or engage the services of a real estate agent to assist with the search.
  2. Inspection: Once you have identified a property, the next step is to inspect it. You can attend open house inspections or arrange a private viewing with the agent.
  3. Valuation: It’s important to obtain a professional valuation of the property to ensure that the asking price is reasonable. You can engage the services of a property valuer to assess the property’s value.
  4. Making an Offer: Once you are satisfied with the property, you can make an offer to the seller. The offer is usually made through the agent and can be subject to conditions such as finance approval and a satisfactory building inspection.
  5. Exchange of Contracts: If your offer is accepted, the next step is to exchange contracts with the seller. This involves signing a legally binding contract that outlines the terms and conditions of the sale.
  6. Settlement: The final step in the buying process is settlement, which involves paying the balance of the purchase price and taking ownership of the property. This is usually done through a solicitor or conveyancer who will handle the legal aspects of the transaction.

What to look for in an investment property?

Here’s an example of some of the things we would work through during the ‘investment property research’ stage of our process.

Had you considered all of the following factors?

Capital Growth

  • What’s the employment situation like in the area?
  • Quality Schools?
  • Close to shops?
  • Transport, both public and access to freeways


  • Are there new highways being introduced?
  • Are there high density developments approved?
  • Does the town have history of floofing?


  • Is the property near a beach?
  • Are there parks nearby?
  • Would the property benefit from a third bedroom?
  • Is the suburb made up of renters or owner-occupiers?

Rental Yield

  • Rental yield is the rate of income return compared to the costs involved in owning an investment property.
  • High rental yields can be attractive to investors, as it means the property will generate a steady cash flow

Type Of Property

  • Apartments in capital cities usually have great rents and therefore are cashflow positive.
  • Houses in regional areas may not experience high capital growth like capital cities

Low Vacancy Rates

  • Look for a vacancy rate below 2%
  • Ideally, under 1% will give you great confidence that there is a demand for rentals in the area.
  • Optimal balance is 80% owners, 20% renters in the suburb

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As an experienced property investor, our Director Mitch Woods will walk you through the whole process - from research and analysis, choosing the right property, to finance and loan structures.

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Looking to purchase your new home or expand your portfolio? Owner occupied or an investment, we have the expertise to get you the best deal.


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We provide a free 30 minute session where we go through your goals and your current situation. Then we strategise the best home loan solutions for you.  

This session is obligation free, at absolutely no cost and can set you up for a better understanding of what is possible for you and next steps.

What our clients are saying...

Sam SmithSam Smith
01:20 02 Nov 23
Can't thank Mitch enough for getting our mortgage finance over the line. Our situation being a business owner made the process a lot harder and Mitch got the job done with limited time on hand. Cheers Mate!
Tiana DayTiana Day
00:55 02 Nov 23
Personally recommend Mitch. He is very easy to talk to and excellent communication.Highly recommend
Elliot CondonElliot Condon
23:49 08 Oct 23
Highly recommend Mitch at Ynance for mortgage broking. Mitch secured us a great loan product to complete our dream build in Peregian Beach and handled everything for us with the stress free professionalism that goes hand in hand with the Sunshine Coast.
John MorrallJohn Morrall
00:30 27 Sep 23
Highly recommend Ynance to help set your financial future up. Mitch was amazing, nothing was too hard, communication was exceptional.
Werner ReitererWerner Reiterer
22:43 25 Sep 23
Quick efficient hassle free service. Highly recommended
Monroe BuntainMonroe Buntain
10:12 21 Sep 23
Mitch made our refinance process so easy. We were so impressed with how informed he kept us along the whole journey and made sure to get the loan that worked best for us. Great service!
04:22 06 Sep 23
The best of the best! Mitch looks after all of my client's and their lending needs. He is diligent, trustworthy and transparent with second to none communication skills. Couldn't recommend more highly.
Kristen FindlaterKristen Findlater
22:53 23 Jul 23
Mitch was a great help when we needed to refinance our mortgage. He gave us all our options for purchasing another place as well as just refinancing where we are. Highly recommend!
Ryan JefferyRyan Jeffery
09:29 05 Jul 23
If you are looking for educated, efficient, direct, responsive and driven in your mortgage broker, then Mitch is your man. We will have no hesitation is using Mitch into the future with all our personal and business broking needs.We look forward to a strong future with Ynance.
Sonny MehtaSonny Mehta
05:18 24 Feb 23
Mitch at Ynance has been absolute delight to deal with he is a professional with a terrific composure never lost his cool and was always optimistic as to what he wanted for his client and with persistence got us there. well done Mitch, we were very happy you were on our side. Thanks again mate wish you all the success in the future you deserve it.
Bernie MurphyBernie Murphy
03:13 14 Feb 23
Amazing service!. Mitch was really professional and provided me with a number of options for refinancing my home loan. the rates comparison and information he presented was in a format that was easy to understand. Refinancing my mortgage through Ynance will now save me money and allow me to pay off my home loan quicker. It was such a smooth process! I highly recommend them.
01:23 13 Dec 22
I engaged Mitch to look at home loan options on my investment property as my 2-year fixed rate was coming to an end. Mitch explained the process with a high level of clarity and he was able to answer my questions immediately or got back to me very quickly if he didn't have the answer. Mitch took into account my position and priorities when it came to lenders, prioritizing my needs when considering lenders offerings. He managed to secure an excellent rate with one lender, the valuation of my property was assessed dramatically lower than expected, so he immediately secured a very good rate with an alternate lender with a higher valuation. Before we switched Mitch advised me to use the very good rate as leverage with my current lender who dropped their rate below the competitor to retain me as a lender. I'll keep working with Mitch in the near future and I trust him to provide me with the best options and work with my best interests at heart.
Walters NkemfackWalters Nkemfack
06:35 05 Sep 22
Thank you so much Mitch for all your hard work! You took the bulk load of the entire process and at the same time kept us informed and guided us through all the way to the end. Our sucess is because of your industry knowledge and attention to detail. To top it all off, you were of genuine character who we enjoyed communicating with!
Nicole CampbellNicole Campbell
08:48 11 Jul 22
We are so thankful for both Mitch and Dav professionalism in getting us a home loan.Mitch went above and beyond to obtain the loan for us. He was there with us every step of the way and kept us informed constantly throughout the loan process.We will now have all our dreams come true and have a family home out on property. We appreciate both Mitch and Dav hard work in getting us there. Would highly recommend. Thanks again from the Campbells.
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Whether you're in the market for your first property, a holiday home, an investment property, or looking to refinance or restructure your existing loans, we're here to help!

As mortgage brokers, we work closely with lenders, giving us access to exclusive knowledge, deals, and rates that are not available to the average home buyer. Our strong negotiating power can also help you secure a lower interest rate.

We provide guidance and advice on the best loan structure for your unique circumstances. We can help you take advantage of your current owner-occupied property to invest in more real estate or grow your existing portfolio.

Contact a Ynance mortgage broker on the Sunshine Coast today and let us help you achieve your property goals.

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