As a non resident of Australia it is possible for you to obtain property in Australia in your name. There are a number of requirements that will apply relating to the purchase one of which is approval from the Foreign Investment Review Board. This is a simple process and can be attended to by an Australian based Solicitor. The application takes anywhere from 2-4 weeks to be processed.
In many cases foreigners are sold units in high rise buildings with exorbitant levies and maintenance costs, which make them a bad investment, as in many cases 50% of the building has been pre approved for overseas buyers. When the properties are being marketed the buyers are lead to believe that this is the only type of property they will be able to acquire in Australia.
We are assisting non residents by introducing them to licensed real estate agents to purchase stand along 4 bedroom, 2 bathroom, double lock up garage houses in Australia and are assisting these investors with finance here in Australia to settle these purchases. The loans being provided are subject to qualification under credit guidelines however the requirements are no more stringent than those required of a resident of Australia.
We make the entire process very enjoyable as we have a team of highly skilled people here on the ground working for you. The team is made up of fully qualified Real Estate Agents, Solicitors and a panel of lenders who will assist you with property selection, obtaining legal advice, a loan in Australia secured against your Australian property, obtaining a tenant and then managing the property on an ongoing basis and reporting back to you regularly.
If you would like more information contact us.
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