Overseas purchasers
Buying property in Australia
Australian citizens and permanent residents living abroad
have no restrictions in purchasing property in Australia.
If you are a non-permanent resident or non-citizen living
either in Australia or overseas, you will be required to first
obtain approval to purchase from the Foreign Investment Review
Board (FIRB) before applying for finance. Approval is usually
granted for the following situations:
- Vacant residential land provided construction of a dwelling
commences within 12 months
- Home units (apartments) and townhouses 'off-the-plan'
(note: foreign ownership is limited to no more than half
of any one development)
- Newly constructed dwellings that have never been occupied
- Foreign nationals purchasing residential real estate as
joint tenant with an Australian spouse
- Foreign nationals temporarily resident in Australia for
more than 12 months 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 companies buying residences in Australia for use
by their senior executives
If you would like to know more about obtaining finance to
help you buy a property in Australia, please email
me
or simply complete the online
application form and I will get back to you with answers.
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