We have Properties Already Approved for Non-Australian investors!
Did you know that to buy a property in Australia you need Foreign Investment Review Board (FIRB) approval?
Most of the properties we deal with already have this approval in place and you are able to safely buy real estate here without being an Australian resident!!
If you are looking to buy property in Australia, we can help you:
- Migrate to Australia
- Buy an investment property in Australia
- Buy student accommodation in Australia
- Buy a holiday / vacation home in Australia
Loans for Australian Expatriates and Foreign Investors!
*you may qualify for some of the lowest interest rates in the World!
For Australian Expatriates and Foreign Investors we are able to offer some of the *lowest interest rates in the World!
Our foreign currency interest rates will have most investment properties cash flow positive immediately!
For loans between AUD$1,000,000 and $20,000,000 you will be looked after by senior management on a Secure closed file basis.
* term & conditions apply.
Contact international sales specialist:
Anja Cass
Email: anja@orbitrealty.com.au
Telephone: +61 7 5538 1646.
Enquire about the properties or finance we have available for non-Australian and Australian expatriates:
AUSTRALIA'S FOREIGN INVESTMENT POLICY
All acquisitions of residential real estate in Australia by foreign nationals or temporary residents require prior foreign investment approval.
Applications
Electronic lodgement of residential real estate applications is available through the FIRB website.
Alternatively applications can be processed via a nominated legal representative.
An application for approval must specify the particular property to be acquired.
Contracts
All contracts of sale must be made conditional on foreign investment approval and must allow at least 30 days for a decision to be granted.
Residential Real Estate
Residential real estate means Australian real property (including vacant land), other than
(i) developed commercial properties (i.e. offices, factories, warehouses, restaurants, shops, recreation facilities, but not accommodation facilities such as hotels) and
(ii) land which is integral to a commercial farming business. Acquisitions of hobby farms and rural residential blocks by foreign interests are included in the residential real estate category.
Developed Residential Real Estate
Developed residential real estate means houses, flats or units that have been occupied. Acquisitions of developed residential real estate by foreign interests are not normally approved except for:
(i) foreign nationals temporarily resident in Australia for more than 12 months purchasing a residence for use as their principal place of residence while in Australia (and not for rental purposes), subject to the sale of the property when they cease to reside in Australia, their visa expires or they no longer reside in the property. This category includes long-stay retirees, and students 18 years of age and over studying courses of more than twelve months duration at recognised tertiary institutions. Normally a $300,000 limit applies to acquisitions by students; and
(ii) foreign companies with an established substantial presence in Australia buying for their named senior executives resident in Australia for periods longer than 12 months.
Residential Real Estate for Development
(i) Vacant land
Acquisitions of vacant land are normally approved subject to a specific condition requiring ongoing construction to commence within 12 months of foreign investment approval and provided that the equivalent of at least 50 per cent of the acquisition price of the land is expended on development.
(ii) Redevelopments
Applications to acquire existing residences for redevelopment may be approved provided that the proposal provides for substantial redevelopment expenditure in relation to the acquisition cost of the property and an increase in the housing stock. Additionally, the existing house must remain unoccupied pending redevelopment.
For both the above categories, once the development condition has been fulfilled, there is no restriction on the subsequent use of the property by the foreign investor, i.e. it may be rented out, sold or retained for the foreign investor's own use.
Off-the-Plan Purchases
Foreign interests may apply to acquire home units, town houses, house/land packages etc either off the plan, during the construction phase or when the dwelling is newly completed, provided that it has never been occupied or sold and provided no more than 50 per cent of the dwellings in any one development are sold to foreign interests.
Developers of more than 10 unit/townhouse projects may apply in advance to sell up to 50 per cent of the residences to foreign investors. Where such approval has been granted, it is not necessary for individual foreign interests to apply for approval.
Further Information:
For a full outline of Australia's foreign investment policy, including an application form for straightforward residential real estate proposals, as well as other related information, visit the Foreign Investment Review Board website at: www.firb.gov.au.