All Topics / Legal & Accounting / Selling Property in Melbourne

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of Ricksters12Ricksters12
    Member
    @ricksters12
    Join Date: 2004
    Post Count: 17
    December 17, 2004 - 9:38 am

    Hi Everyone,
    First of all Merry Christmas to All!!!
    My step sister has a unit she wants to sell in Melbourne CBD. She’s an overseas investor. She wants me to sell her property on her behalf. Leaving overseas its hard for her to come down and sell it. Do you need license to sell in Melbourne? {Im from Sydney}.
    other question is can overseas investor buy her property or overseas investor have to buy new developed property?
    Hope you guys can help?

    Regards,

    Rickster

    Profile photo of holdencommodoreholdencommodore
    Member
    @holdencommodore
    Join Date: 2003
    Post Count: 88
    December 18, 2004 - 7:02 am

    From memory, in Melbourne you are able to sell the property so long as you don’t charge a commission or do not profit from the process/service.

    (“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    December 18, 2004 - 8:18 am

    Investors from overseas need FIRB approval. Go to http://www.firb.gov.au/content/default.asp

    Robert Bou-Hamdan
    Mortgage Adviser

    M: 0414 347 771
    E: [email protected]
    W: http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

    Comments made are of a general nature and should not be construed as individual advice.

    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Ricksters12Ricksters12
    Member
    @ricksters12
    Join Date: 2004
    Post Count: 17
    December 20, 2004 - 6:11 am

    Hi Mortgage Adviser and HolderCommodore,

    Thanks for the reply. The site was very informative.
    Holden, are you sure about selling property in melbourne dont require license if not getting commission?

    Regards

    Rickster12

    Profile photo of holdencommodoreholdencommodore
    Member
    @holdencommodore
    Join Date: 2003
    Post Count: 88
    December 20, 2004 - 12:12 pm

    Rick, I should remember, as I am studying for my real estate agent’s licence, but can’t remember the exact details. Sorry – if I can find out, I’ll add it on to this post.

    (“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)

    Profile photo of MichaelYardneyMichaelYardney
    Participant
    @michaelyardney
    Join Date: 2001
    Post Count: 616
    December 20, 2004 - 4:19 pm
    Originally posted by Ricksters12:

    Hi Mortgage Adviser and HolderCommodore,

    Thanks for the reply. The site was very informative.
    Holden, are you sure about selling property in melbourne dont require license if not getting commission?

    Regards

    Rickster12

    Anyone can sell their own property and you could sell onefor your sister as long as you don’t take a commision.
    But being in Sydney, how could you sell a property in melbourne when most Melbourne agensta re having trouble selling property today[worried]

    Michael Yardney
    Metropole Properties
    http://www.metropole.com.au

    Profile photo of Ricksters12Ricksters12
    Member
    @ricksters12
    Join Date: 2004
    Post Count: 17
    December 21, 2004 - 1:39 am

    Hi Holden,
    Thanks for confirming, Michael Yardney who is one of the guru’s in melbourne property said same thing.
    Michael,
    Thanks for you info, thanks for all your newsletter as well (I subscribe to them). Enjoyed it very much.

    Regards

    Rickster12

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