Australia welcomes foreign property buyers, but 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 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.