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All Topics / General Property / foreign investment.
Can you buy a house in any country or does every country have their own rules about such things?
A friend of mine is working a contract here in aust. I told her she might as well buy a house instead of having 40k sitting in her bank account. She tells me she cannot buy a house because she is japanese, or not an australian citizen.
CAn anyoen give me some clues on this?
THankyou
There are certain restrictions on overseas citizens. For more info go here:
http://www.firb.gov.au/content/default.asp
Rgds.
Lucifer_au
Normally, foreiners are allowed to purchase Australia property,
1, If it is off the plan,
2, It is build but not been sold before.
Otherwise, the porperty purchase need to be
approved by Australian Foreign Investment
Board.
So go for the new property is free for foreigners.
Good luck!
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