Question:

Rules for investing in Australia property .

by Guest23127298  |  9 years ago

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I live in UK and I need to buy a house in Australia. Please describe the process to me. Thanks.

 Tags: Australia, investing, property, rules

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2 ANSWERS

  1. Guest27940176

    But what are the rules, can people in the uk invest in Australia and what do i need to have before the property purchase can take place? Also how does mortgage work?

     

  2. Australia Guide
    The government has stated it wishes to increase the number of new houses, condominiums, townhouses, villas, units and apartments being built in this country, and is inviting overseas investors to invest in Australia. The rules by the Australian Government for buying real estate in Australia, homes or investment properties for overseas investors have been made easier You will need to obtain an approval from the Government in Australia, before buying land, home, or commercial real estate as an overseas investor. If you wish to purchase open land, you will need to start building within twelve months, continuous. Foreign Investors can also buy existing homes for redevelopment but the home will need to be unoccupied during the work. You will need to supply the address of the residential property you wish to purchase. If you sign any contracts before the Australian Government has given approval, you will be turned down. Before actually purchasing, it is always recommended that you seek professional advice to learn more about Australia foreign investment rules and about buying land or other investment properties in Australia.

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