AUSTRALIA WELCOMES FOREIGN
REAL ESTATE INVESTORS
Here are the Main Australian Property Investment Rules
Australia welcomes foreign property buyers, but like most countries there are some rules that need to be followed.
There are many reasons a foreign buyer may want to buy a residential property in Australia...
for steady rental income and a sound investment; for accommodation during children's education; for a future home; to take advantage of favourable exchange rates; to diversify risk into a safe haven and for holiday use, amongst others. The following guidelines indicate the type of property foreign buyers may purchase.
- Brand New Under Construction Property.
- "OFF-THE-PLAN" Apartments, Flats, Townhouses, Condos, Units.
- New Property not Previously Occupied in the past 12 months.
- Residential Land, Providing a Home is Built Within 12 Months.
- Newly Built Homes.
- Commercial Property.
In Australia, foreign investors generally cannot purchase old properties. This means, also, that when you sell on any property, you cannot sell to another foreign buyer. However, thousands of resales take place each and every week in Australia, so a well selected property can be resold easily on the local market.
In fact studies show that OVER 90% of all residential property sales made in Australia are to local, Australian buyers, not foreigners.
Buying property also does NOT assist with migration.
We hope you found the information on this page helpful.
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