"The fruit we eat comes from the trees we planted"
"The stability we reap comes from the homes we build"
Foreign Investors
Deposit Requirements
Generally 30% of the purchase price is needed, but once you own property in Australia, the equity in your property can be utilised to buy further properties without deposit. In many cases you will only need 10% of the purchase price as a deposit to secure your own piece of paradise. We can help you with the finer details.
Broadly speaking, foreign investors can buy residential real estate, which is: "Off the plan" - i.e., designed and approved by the relevant planning authority (usually the local council or shire authority) where construction has not yet commenced; Under construction, but not yet completed; Completed, but not yet lived in. Note: Once they have been lived in by a tenant, or owner, they cannot be legally sold to an "off shore" buyer.
Types of Properties Available
Overseas purchasers are able to buy Residential, some Commercial & Rural zoned land plus property held under special title. Brisbane Gold Coast Property Network has a range of properties suitable for purchase by foreign investors.
Freehold Title
Under the Freehold Title System in Australia the Buyer receives an unrestricted title to the property. Features of this system include; Title / ownership of the property for an unlimited time period; Capability for the title of the property to be transferred to family members; Freedom of the owner to; Occupy the property - Rent the property - Leave the property vacant - Sell the property. Government guarantee to the freehold title, Group Title Freehold is more than one single dwelling i.e. in a complex such as Villas, Townhouses, Duplex, Condominiums, Apartments, etc...
Transferring Money
There are banks that specialise in transferring money around the world. If you are intending to purchase a property with overseas capital you will, quite rightly, be looking for savings. Foreign Payments offer Telegraphic Transfers and foreign drafts at individually negotiated rates and their charges are some of the most competitive in the industry. Their advisers will help you through every stage of your foreign exchange needs from sending you daily exchange rates (by e-mail), to supplying you with commission free currency for all your overseas travel.
Further information:
Visit the Australian Government website and search "Foreign Investment Review Board" (FIRB) information
Please note: We are not qualified to give any advice outside of the property industry and all of the above are simply guidelines which have been given to us by relevant professionals and it is advised that you seek professional independent advice.