Fox Property Noosa offer a range of services for those interested in buying property.

Buyer Tips

How to Buy at Auction

Overseas Buyers

Investing in real estate is an important decision in everyone’s life. It is our goal at FOX Noosa to make this process as simple and as hassle free as possible. You may like to consider utilising some of the following services that we offer to ensure you are in the best placed position when it is time for you invest in your property.

Talk with a Salesperson
Let the salesperson at FOX Noosa know exactly what you are looking for. Sometime the best buys happen within minutes of a property hitting the market.

Subscribe to the Fox Property Newsletter
Let us know that you would like to receive a copy of our Newsletter. This contains valuable information on the property market, allowing you to feel more comfortable in your buying decision.

Fox Property Research
Look up the Suburb Profile in our research section for the area that you are interested in. Shows recent sales, price trends and other information about the suburb.

Investing in property should be a hassle free, seamless transaction and we hope you take advantage of some of the extra services FOX Noosa offers to help facilitate this process.

Preparing for Auction
Bidding at auction can be intimidating. The following guidelines will hopefully alleviate your nervousness and prepare you for the occasion, allowing you to bid confidently no matter what the outcome.
Your FOX Noosa representative will assist you with any queries you might wish to discuss.

Before the Auction
Inspect the property more than once in order to be certain that you wish to purchase it.
Come to a decision regarding how much you are prepared to bid on the property.
Discuss your plans with a financial institution, establish your loan capabilities & gain the necessary approvals.
Talk with our sales team and gain a full understanding of the terms and conditions relating to the sale.
Allow yourself ample time on the day of the auction, arrive early and familiarise yourself.
Familiarise yourself with all documentation (contract etc) relating to the sale prior to the auction day.
Copies of these documents will be available for perusal on auction day.
Offers will be accepted prior to the auction. Discuss this with your FOX Noosa representative.

At Commencement of Auction
The auctioneer will outline the conditions of sale and details of the property. Relevant questions will be taken

The Bidding Process
Call out, nodd your head, lift a finger or wave a piece of paper to gain the auctioneer's attention.
Focus on your own bidding process and do not be put off by other participants.
The auctioneer will call for an initial bid and may specify an amount, bid at a lower amount if you wish.
If the property is 'passed in and you made the final bid, you have the right to negotiate with the vendor.

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.

Definition of Foreign Investment
A foreign interest is briefly described as: A person not ordinarily resident in Australia
Or A corporation, business or trust in which a foreigner and any associates have 15% or more ownership or in which several foreigners have 40% or more aggregate of the ownership.

There are various forms of investment and proposals which comprise foreign investment in Australia real estate.
Acquisition of developed commercial real estate valued at AUD$5 million or more.
- Acquisition of urban real estate - irrespective of size
Acquisition of urban real estate - irrespective of size - unless exempt under regulations.

Development
Proposed development (within 12 months) is normally approved unless it is contrary to the national interest.

Residential
Proposed acquisition of residential real estate is exempt from examination in the case of Australian citizens living abroad who are holders of permanent visas or entitled to hold a 'special category' visa.
Foreign interests are usually given approval to buy vacant residential land on condition that construction of a dwelling is to commence within 12 months. Approval will also usually be granted to buy home units and townhouses off the plan, under construction or newly constructed (but never occupied), on condition that no more than half of the units in any one development are sold to foreign interests.

Other situations where approval is normally granted includes
Foreign companies buying residences in Australia for their senior executives
Foreign nationals temporarily resident in Australia for more than 12months buying for their own use as a principal place of residence subject to the sale of the property when they cease to reside in Australia.
Foreign nationals purchasing residential real estate as joint tenant with an Australian spouse.

Commercial
Proposed acquisitions of commercial development is normally approved unless it is contrary to the national interest. This is determined by the Government on a case by case basis.