Buying residential property in Australia

Australia has certain restrictions on foreign investors, but basically, if you are looking to invest here, approval is usually granted if you are purchasing a new property, either complete or under construction, or if the property is new and it has never been occupied or previously sold.

Students may be able to buy property to live in while completing their studies.

Property can be purchased by anyone who is not an Australian citizen or permanent resident provided certain requirements are met.

Under Australia’s Foreign Investment Review Board (FIRB) rules, a foreigner needs permission from FIRB before they can purchase residential property in Australia. You are advised to look up their website:

http://www.firb.gov.au/content/default.asp

The simple guidelines in obtaining necessary approval from the Australian Government can be found by reviewing the FIRB’s Information Guide.

How can we help you?

Being immigrants ourselves we fully appreciate how confusing and stressful it can be in a new country.

It is important that you base important decisions such as the purchase of property or a business on expert advice and research. Mistakes can be costly and could set you back many years.

HILLSIDE is uniquely qualified because we are experienced professionals in property, business and finance. Because we conduct property negotiations throughout the world, we have the skill and expertise to help meet your needs in Australia.

We can also advise on whom to contact for other professional advice such as accountants, lawyers, conveyancers, etc.

We liaise with your immigration specialist to ensure you receive a complete service in settling in to your country with as little stress and risk as possible.

If you require assistance or advice please email us on: hillsideconsultants@bigpond.com and we will reply to you within 24 hours.

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