Hello all,
I am a property investor from Europe, and looking to invest into Australian property, and I already own 2 rental units in new developments.
The problem:
Foreign investors are ONLY allowed to purchase NEW properties (completed within max 1 year). These types of properties are more expensive (easily 25% more) than existing older units and probably get a lower % ROI as well.I am looking for (legal) ways to purchase older units, or buy land to develop into rental units.
Is anyone here familiar with the laws that apply to non-Australian property investors in Australia?
Is there anything I can do?
What if a property is jointly owned by a local and myself?Thank you in advance!
-
This topic was modified 6 years ago by
Elysium.
Hi there
I have sent you a PM in regards to such a way.
We do this with a couple of large Chinese groups and it works well for all concerned.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Yes, there are a number of ways it can be structured. You will need legal advice on the foreign acquisitions and takeovers act and regs
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
-
This topic was modified 6 years ago by
You must be logged in to reply to this topic. If you don't have an account, you can register here.
