Q: I am interested to finaly stay in perth WA after my retirement form Saudi Arabia. I am a Civil Engineer, Pakistani national working in Saudi Arabia more then 23 years able to purchase a property of a some of 200 thousand of Australian dollars. Please suggest how to manage and through whom I can manage?
A: Sorry to spoil your dream, but $200,000 will get you a tiny unit in a dodgy area in the outer suburbs, probably only 1 bedroom as well. Generally you can't buy a house in installments unless you get a loan in which case you pay weekly, fortnightly or monthly, with interest on top. You can get around this by buying land and building which breaks it up into 5 payments over 10 months or so. But with your budget this probably isn's possible. When you say manage do you mean the property (as in renting out or looking after) or buying the property? Either way check out www.realestate.com.au there are sections on buying property and finding a good loan.