Hello Huang. Welcome to the forums.
Investing in Australian property has become very popular with overseas investors
and Australian expats looking for strong returns and stability. We’ve created a handy little guide to buying property in Australia
you can check out.
Foreign investors are typically not allowed to buy established houses, however, they can buy new properties, off-the-plan properties and vacant land.
First, when you’re looking to buy any residential property as a non-resident foreigner you’ll need to obtain FIRB approval (Foreign Investment Review Board)
. Applications to buy new dwellings are usually accepted after the fees are paid unconditionally, however, applications to purchase vacant land may be subject to a condition stipulating a timeframe in which conditions must begin.
Lastly, the foreign stamp duty surcharge or foreign buyers duty is an additional stamp duty that’s applied to foreign investors buying Australian property. You can use our foreign stamp duty calculator
to get an estimate.
We can help you get approved for a mortgage to purchase a property in Australia.
Speak with one of our specialist mortgage brokers by giving us a call on 1300 889 743 ( +61 2 9194 1700 if you’re overseas)
or by filling in our free assessment form
to find out if you qualify for a non-resident mortgage.