Foreign Home Buyers
The Australian Government understands the importance of foreign investment in Australia and its significant contribution to economic activity. However, Foreign Investment Review Board approval or notification is needed for most property purchases UNLESS you purchase in areas that are currently FIRB exempt such those in certain Integrated Tourism Resorts.
East Coast Buyers Agents specialise in three of these locations including :
- Hope Island Resort – Hope Island. Queensland
- Sanctuary Cove Resort – Sanctuary Cove. Queensland
- Hyatt Regency Resort – Coolum, Queensland
Foreign non-residents or short term visa holders may invest in Australian real estate by acquiring new dwellings, off-the-plan properties under construction or yet to be built, or vacant land for development
Foreign non-residents or short term visa holders cannot buy established (secondhand) dwellings unless it is for redevelopment. Refer to the Foreign Investment Review Board (FIRB) website for detailed information www.firb.gov.au.
East Coast Buyers Agents can also assist you in this process.