As a result of unprecedented overseas property investment in Australia during the 1980's, the Australian Government introduced a requirement for non-Australian residents to obtain approval from the Government for the acquisition of certain types of Australian property.
What may non-resident foreigners buy?
Foreign interests may purchase new apartments and townhouses, house and land packages in new approved developments, during construction or while the dwelling is new and unused. Such acquisitions may be retained for personal use, rented, or sold in due course.
Where do I find more information?
If you are a non-resident, we suggest you take a look at this guide to buying a home in Australia
Click Here: Buying a Home in Australia
You may also browse the Australian Government Foreign Investment Review Board website
http://www.firb.gov.au/content/default.asp
Alternatively, for more information on purchasing property in Australia, contact an Australian lawyer for a full and detailed explanation of the requirements as they apply to you. |
Home
Commercial