Can anyone help if they have been in the same situation, as a non resident we are stuck with always buying off the plan which cuts our choice down.
If we turned ourselves into a business based in Oz would we then be able to buy normal residential property in the business name as the business would be an Australian resident entity, thanks for any help.You don’t always have to buy off the plan as a non resident.
You can buy vacant land and build.
You can buy commercial, industrial, and farm land.It is possible to buy in the name of an Aus registered company, but if you are buying established residential, and the company is investigated, they may prosecute on the basis of attempting to bypass FIRB regulations.
kp
Thanks for that i thought that if we put our current properties into a small company based in Australia that the business would be an Australian entity and would therefore not be subject to FIRB as the company would be registered in Australia and have a ABN and TFN and would be classed as a resident company allowing purchase of normal residential property, thanks.
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