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Does Buying Property in Australia Help With Migration?
Buying property in Australia offers many potential benefits to investors, home owners, and potential migrants as well as approved migrants, including rental income, potential for capital gains, tax benefits, upside currency potential gains and a safe haven for capital.
However, some people think buying property will help with migration. Australia is one of, if not THE, most popular destinations in the word for migration, for better prospects for the family, education, and job opportunities, not to mention a fabulous lifestyle and free from many natural disasters, so millions of people look into migrating each year.
So while Australia welcomes foreign property buyers, like most countries there are some rules that need to be followed.
The following guidelines indicate the type of property foreign buyers may purchase without any limit or restriction:
-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 4 Years. Newly Built Homes.
-Any Commercial Property.
In Australia, foreign investors generally cannot purchase old properties.
FEES: Normally an FIRB application costs AUD$5,500
Buying Australian property does NOT assist with migration.
*Rules, laws, fees, and regulations can change without notice.
CITYLIFE INTERNATIONAL REALTY IS A LONG-ESTABLISHED, AWARD-WINNING INTERNATIONAL ESTATE AGENT, BASED IN HONG KONG, THAT SPECIALISES IN AUSTRALIAN REAL ESTATE OPPORTUNITIES.
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