Investing in property can be a great way to build wealth and generate passive income. However, it's important to approach the process with a clear plan and a checklist of items to consider before making any purchase decisions. Here are some important items to include in your checklist when buying property in Australia:

1. Determine your investment goals: Before you start looking at properties, it's important to define your investment goals. Are you looking for long-term capital growth or immediate rental income? Understanding your goals will help you make better decisions when choosing a property.
2. Calculate your budget: Calculate how much you can afford to spend on a property, including the deposit, stamp duty, legal fees, and other expenses.
3. Research locations: Research the locations you are interested in investing in. Consider factors such as rental demand, employment growth, population growth, and infrastructure development.
4. Property type: Determine the type of property you want to invest in, whether it's a house, apartment, townhouse, or commercial property.
5. Check market conditions: Research the current market conditions to determine whether it's a buyer's or seller's market. This will impact the property's price and how long it may take to find a suitable property.
6. Conduct a property inspection: Conduct a thorough inspection of the property to identify any issues or potential problems, such as structural damage or pest infestation.
7. Check zoning regulations: Check zoning regulations to ensure that the property is suitable for your investment goals. For example, if you plan to build a commercial property, you will need to check zoning regulations to make sure that the property is zoned for commercial use.
8. Review rental yield: Calculate the potential rental yield of the property to ensure that it's a good investment. This involves looking at the rental prices in the area and comparing them to the purchase price.
9. Check strata fees: If you're buying an apartment or townhouse, check the strata fees to ensure that they are reasonable and won't eat into your rental income.
10. Seek professional advice: Seek professional advice from a financial advisor, mortgage broker, and real estate agent to ensure that you're making informed decisions and getting the best possible returns on your investment.

By following this checklist, you can be confident that you've considered all the important factors before investing in property in Australia. Remember to take your time, do your research, and seek professional advice to make the best possible investment decisions.