Can Nonresidents Invest in Australian Property?
Foreign and nonresident investors are generally welcome to invest in Australian property provided they comply with Australian Government requirements.
The Australian Government monitors and controls the investment by foreign interests in Australian businesses and real estate through its Foreign Investment Review Board (FIRB).
The FIRB has set down some strict guidelines for foreign investors wishing to purchase residential real estate in Australia.
Generally new dwellings bought “off-the-plan” before construction commences or after construction is completed are easy to get government approval.
There is generally no limit on the number of such dwellings sold to foreign persons, provided that the developer markets the dwellings locally as well as overseas.
For more detailed information, we would suggest that you the FIRB website www.firb.gov.au
Secure Growth Investment
Most of the properties listed by Secure Growth Investments comply with the FIRB requirements.
Our main focus is high growth investment properties in the major Australian capital cities.
We can provide advice and assistance to overseas investors from selection of the right through the buying process, including establishing a reliable property manager.