The logistics of moving house are complicated at the best of times, but managing that process from overseas is infinitely more complicated. We recently spoke with new Brady Marcs team member Lucy Bulla, who brings not only her wealth of experience as a Buyers Agent and Licensed Real Estate Agent, but who has been an ex-pat herself having lived previously in Jakarta, Amsterdam and Seoul.
There are frequently 3 specific scenarios in which ex-pats often come to us:
- Australians returning home from overseas
- Australians moving overseas and looking to secure an investment property whilst they are away
- International clients moving to Sydney for a period of time and setting up home
Moving to Sydney from overseas
Finding the right home
As with our advice for any client, finding the perfect property begins with research and approaching inspections with a well-defined brief. Essentials such as natural light, considering the flow of the floor plan, and getting the right aspect all make a huge difference in your property.
Choosing an area
The most fundamental question when moving from overseas is knowing where in Sydney you would like to live. Some clients have a specific area they moved from originally and want to remain close to friends or family, whilst others choose an entirely new region all together. In either context, researching the suburbs and neighbourhoods is essential. This is where the depth of local knowledge held by our team becomes absolutely invaluable to the process.
Knowing the schools
Knowing the best areas for particular schools is really important, whilst also considering transport routes to and from that location. Knowing the location of International Schools can be particularly relevant for ex-pats, and is just one of the many areas of expertise that the Brady Marcs team can assist with.
Understanding specific transport routes and how they align to specific family needs (such as proximity to the CBD, local parks, family etc.) is a huge factor in decision-making, and often something that only a local will truly be able to give advice with.
Inspections & Auctions
Not being able to physically visit an open house or auction is one of the biggest limiting factors for ex-pats. The Brady Marcs team members will visit opens on your behalf and provide detailed video walk-throughs, photos, and live video calls. We will always strive to make any time differences work as well, arranging private inspections to make the times work as best we can.
Lucy describes one of the ways she goes the extra mile for clients: “I will always take a video of the surrounding street, and even walk down to the local cafe. Giving clients the most realistic idea of what life will be like in a particular location can make such a difference.”
One of the biggest unknowns is the overlap of time between arriving in Australia and being able to move into a home. Even if settlement is fast and your new home is physically available, furniture can take months to arrive. We are able to organise short-term accommodation, and help pre-empt each step of the process with helpful tips, tricks and professional connections.
We are also able to assist negotiating amendments to the contract – even with an auction, such terms can be agreed prior to auction to be in place should you be the successful bidder. Factors such as settlement terms, especially with someone on the ground, can help the process run smoothly.
Choice of property
Buying your ‘forever home’ is very different to buying an investment property – but what if you are looking to merge the two by renting out a property in the short term, and living in it long term? This is a common scenario for many ex-pats. You would still want to maximise rental yield and value for money, but perhaps pay closer attention to features you desire for your own home in the long-term.
There are a whole range of tax considerations for people to weigh up when living overseas, and it is best to enlist professional help. We are able to make recommendations of accountants and financial advisors who can help demystify any issues.
Ensuring trusted Property Management is in place is essential for any investment property, and buying from overseas does not need to be a hassle. Brady Marcs offers a range of Property Management solutions to ensure a complete service for our clients.
At the end of the day, buying property from overseas doesn’t need to be stressful. What is required is a trusted partner, and clear, meaningful communication. At Brady Marcs we pride ourselves on delivering great results for our clients, and providing an exceptional level of service and attention to detail throughout the process.
If you are an ex-pat returning home, or you are keen to explore investment opportunities whilst overseas, we’re here to help. Contact us today to set up an obligation free chat to discuss your property dreams and goals for the coming year.