All Topics / General Property / foreign investment.

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  • Profile photo of MillyMilly
    Member
    @milly
    Join Date: 2004
    Post Count: 288

    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

    Profile photo of FFCommFFComm
    Member
    @ffcomm
    Join Date: 2004
    Post Count: 627

    There are certain restrictions on overseas citizens. For more info go here:
    http://www.firb.gov.au/content/default.asp

    Rgds.
    Lucifer_au

    Profile photo of yang_thomas2003yang_thomas2003
    Member
    @yang_thomas2003
    Join Date: 2004
    Post Count: 1

    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!

Viewing 3 posts - 1 through 3 (of 3 total)

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