Moving to Melbourne

First Published Date: July 30, 2010

One of the most beautiful cities on the planet is Melbourne, Australia. The capital and most populous city in the state of Victoria, and the second most populous city in Australia, it is a common destination for moving to Australia. Melbourne, as of 2009, had roughly the population of four million residents, putting it just behind Sydney in terms of population in Australia.

Melbourne has excellent weather, it features stunning landscapes and very friendly people. As well, it is often considered to be one of the most liveable cities on the planet. The Economist recently chose the most liveable cities on the planet, with Melbourne, Australia coming in third in the world behind just Vancouver, Canada and Vienna, Austria. Another study by Monocle Magazine found that Melbourne ranked number nine for most liveable cities in the world. The reasons to move to Melbourne do not end there. Melbourne is classified as a Beta World City by Loughborough University and as a City of Literature by UNESCO Creative Cities Network. It is also one of the top 10 Global University Cities, and one of the top 20 Global Innovation Cities. The city also has the world’s largest tram network, making it a great place to live, one of the best in the world.

When you decide to buy property in Australia, specifically Melbourne, there are some things to consider when dealing with fees and costs. These will be very different than what you may be used to in your home country. Some fees to be aware of include:

· Stamp duty

· Registration of Mortgage

· Municipal rates

· Registration of Title Deed

· Land Transfer Registration Fee

You will also have to deal with various costs associated with the bank that you get your mortgage through. These include:

· Stamp duty on your loan

· Property Valuation fee

· Legal fees

· Loan servicing fees

· Loan Establishment Fee

You also have to look at paying things like solicitors’ fees. All in all, you are going to be paying a lot for your property and this does not even take into consideration the fact that you will probably have to pay real estate agent fees.

Since you are going to be buying property in Melbourne, you will want to have someone living in Melbourne who can look at the house for you. In addition, it is important that you find a real estate agent. Rather than buy a home straight from an owner, you need to go with the protection offered by real estate agencies. While Melbourne is a great city, there are plenty of people who may want to use you and get money from you, and a real estate agent can help prevent that from happening.

Melbourne, Australia is one of the most beautiful and liveable cities on the planet. It is a great place to live and a great place to be. If you are going to move there, remember fees and talk with a real estate agent to see what your options are.

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