Australia welcomes people living outside the country to purchase homes, apartments and property.
Australian property is an easy asset to maintain from overseas. The Australian property industry is well experienced in assisting investors obtain property, then manage the tenants and look after the well being of their property.
Government regulations ensure that Landlord and Owner Rights are protected and that the the building is of the highest quality and standard. Most property in Australia is Freehold Title, meaning that it is owned and not leased.
There are, however, some important rules that you need to be fully aware of.
The Australian Government, through the Foreign Investment Review Board (FIRB), regulates the sale of Australian property to overseas persons and corporations. There are many FIRB properties on our site, just look for FIRB "yes" in the upper right hand corner of each property page. However, most properties can become FIRB approved...
* Please confirm your circumstances with your professional advisor. This information should not be construed as advice.
For more information please visit Foreign Investment Review Board.
Taxation & Finance Issues
Foreign buyers will have to account for Income Tax and Capital Gains Tax on their Australian property investment. Australia? laws can be quite complicated, but there are incentives available to foreign buyers which can reduce tax impact.
Australian property is well regarded by financiers and you should find it relatively easy to obtain a loan to purchase property. This may not only improve your cash flow, but may also provide tax and currency advantages.
For further information please visit Specialist Mortgage & Australasian Taxation Services. They are experts in assisting Foreign Buyers with Taxation and Finance requirements and have been assisting Foreign Buyers since 1994.