Are foreigners allowed to own property in Australia?
When we asked expats in Australia if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in Australia. However, they must obtain approval from the Foreign Investment Review Board (FIRB) before they can purchase any real estate. The FIRB assesses applications on a case-by-case basis and considers factors such as the type of property, the purpose of the purchase, and the applicant's financial capacity. Foreigners are generally only allowed to purchase new dwellings, and they must also demonstrate that they have the financial capacity to meet the purchase price and associated costs," commented one expat who made the move to Australia.
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Other Questions:
- What do I need to know before retiring in Australia?
- How do I meet people in Australia?
- What is life like in Australia?
- Is there a lot of crime in Australia?
- Is there a lot of diversity? Are people in Australia accepting of differences?
- What are the schools in Australia like?
- Is the cost of living in Australia high?
- What advice do you have for expats having a baby in Australia?
- What are healthcare services like in Australia?
- Is the cost of living in Australia high?
- What type of recreational facilities are in Australia?
- What is the weather like in Australia?
- Are there good restaurants in Australia?
- Where will I buy groceries and do other shopping in Australia?
- What are the visa & residency requirements in Australia?
- Are healthcare and health insurance expensive in Australia?
- What do I need to know when buying property in Australia?
- Are foreigners allowed to own property in Australia?
- What appliances are typically included in a rental?
Are foreigners allowed to own property in Australia?
If you live in Australia, newcomers to Australia would love to hear your answer to this question:
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
