Buying Property In Australia As a Foreigner

Why invest in Australia?

Australia is one of the few Asia-Pacific countries that gives you total property ownership so you can continually pass your investment on to your future generations, offering you proper long-term property investment options with good potential for steady growth in returns.

Additionally, our legal system affords high-security measures and protection for property owners, making it easy and relatively low-risk to buy a property here.

How to buy a property in Australia?

Firstly, as a foreigner, you’ll need to submit an application to the Foreign Investment Review Board (FIRB), which is in charge of assessing foreigners who want to buying property in Australia as foreigners.
If you get approved for an investment property, there are a couple of things to keep in mind:
– It must be a new property or vacant land to build a new property.
– The investment property cannot be an established dwelling.

Now, if you do buy an establishment dwelling you are required to live in it and then sell it once you no longer live there.

Can temporary residents buy property?

If you are on a temporary visa, such as a partnership visa, 457 work visa, a temporary skills shortage visa or a student visa, you’ll still need approval from the FIRB. This is because you are still classified as a foreigner when it comes to buying property and must follow the same criteria as above.

The only time you won’t need a FIRB approval to buy a house is if you’re in a joint tenant agreement with an Australian that you’re in a spousal relationship with.

How can SII or Smart Indian Investors help?

Whether you’re a first-time property investor or looking to add another property to your portfolio, we can provide you with local knowledge and personalized assistance so you can make a sound property investment decision with strong returns.

Big decisions like this can be difficult, especially when you’re buying from outside of Australia. That’s why we ensure our processes around buying a property from outside of Australia are simple and worry-free.

Get in Touch with Us

Smart Indian Investors
Phone: 9810519748
[email protected]
https://www.smartindianinvestors.com/