Question:

What are the rules for buying property in Australia for foreign investors?

by Guest7778  |  12 years, 9 month(s) ago

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I am a British and I need to know some of the guidelines that will help me purchase property in Australia. Thanks

 Tags: Australia, buying, foreign, Investors, property, rules

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  1. Guest2060
    If you live overseas, are not a citizen or a permanent resident, you can only purchase New or ’Off the Plan’ residential properties, or Vacant Land that is to be developed within 12 months.
    However, if you do decide to settle here by immigrating to Australia and becoming a permanent resident, you can get help, support and advice from the government with the purchasing of your first home. When buying an investment property or your first home, you may be eligible for government grants and/or tax relief.
    Factors to consider after the government’s approval include:
    Current hotspots. Obtain information on the better places to invest in Australia.
    Home loans and finance loans
    Actual costs to the investor before and after tax.
    Australian Property Values
    Fluctuations in Foreign Currency compared to the Australian Dollar (AUD) and of course, Interest Rates.

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