INVESTOR ROOM / Investing in Australia - Government Requirements

Government Requirements:

Australia welcomes and actively encourages foreign investors. However foreign investors do have some restrictions when purchasing residential property in Australia . The Australian Government monitors and controls the investment by foreign interests in Australian businesses and real estate through its Foreign Investment Review Board (FIRB). We would suggest that you have a look at their web site which can be found at www.firb.gov.au

In general the FIRB's policy as it relates to the property that we market can be summarized as follows:

In respect to residential real estate the FIRB has set down strict guidelines for foreign investors wishing to purchase residential real estate in Australia .

Broadly speaking, if you do not hold Australian citizenship you can buy:

1. Residential apartments, units and dwellings "off the plan", under construction, or completed but not yet lived in, where the real estate developer has had prior approval from the FIRB to sell to foreign interests.
Generally a condition of such approvals is that no more than 50% of the project is sold to foreign or "off shore" buyers. As a general rule all of the properties that we have listed already have FIRB approval.

2. Vacant residential land, provided you agree to construct a substantial dwelling on the land within 12 months of purchase.

Most of our projects are already pre-approved by the FIRB. For those that are not yet approved we work with our investors to gain full FIRB approval.

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