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Expat Buyers

australia-sydney-opera-housePropertybuyer specialises in assisting Australian expatriate buyers find their dream home or investment property in Australia. Whether you are watching the rain falling in London, sweltering in the humidity of Singapore, Dubai and Hong Kong or just sick of the traffic in New York, be assured that there is a place called home in Australia.

Many of our expat clients are aware of the advantages of buying a house in Australia before returning from a work placement overseas in order to get ahead of the property growth cycle. We are up to date with the latest research and trends in the Australian real estate market. We can access both on and off-market listings that may be suitable for your requirements. We can help you choose suburbs with the best lifestyle, schools, capital gains potential or whatever features you are looking for. We can be your eyes and ears on the ground searching for the right homes and properties.  Using our expert negotiation skills we’ll also save you a packet when it comes to securing the properties ahead of other buyers.  As the most awarded buyers agents in Australia, we’d be delighted to help you. Read more

If you are looking specifically for investment property, we will advise you on the best suburbs for capital growth and yield. You will be fully briefed on all aspects of our property research and will be able to make an informed decision. We are constantly researching property investment hotspots and can deliver a range of properties to suit your specific investment requirements, whether they be for capital growth or positive cashflow. propertybuyer is based in Sydney however we regularly travel to other parts of Australia in search of quality investment property. We are flexible and are able to meet your specific requirements. We will also assist with the co-ordination of all support services relating to your purchase. We will communicate with you at every stage of the process.

Overseas Buyers

australian property buy house home in australia real estateWe specialise in helping overseas buyers (expats and foreign investors) find their dream home or investment property in Australia.

We protect foreign buyers from paying too much or buying the wrong type of property. Propertybuyer provides independent advice and assistance to investors (and home buyers with permanent residence status) to navigate the Australian property market.

Foreign buyers must buy a brand new property (or buy land and build within 2 years).  Propertybuyer understands the local market and has access to all new and “hidden” listings that may be suitable for you. We can show you the suburbs that have the best lifestyle, schools, entertainment, sporting facilities, investment potential or other key features you desire.

Sydney is a world class city with a multicultural population of over 4.5 million people, a beautiful natural harbour, pristine beaches and was home to the 2000 Sydney Olympic Games. Purchasing a property in the Sydney real estate market is a wise decision that will provide substantial capital gains over the long term.

We research extensively to source properties that match your needs and lifestyle. Every opportunity is assessed against dozens of factors, including local market conditions, comparable sales and the property’s condition. We also access many listings before they’re live on the market – so you can reap the rewards of a ‘silent sale’. Once you’ve decided on a property, we negotiate directly with real estate agents to secure the lowest possible price – saving you time, money and stress.

Foreign Exchange

If you would like assistance in transferring your funds safely and quickly to Australia at cheaper than bank rates then we would recommend OzForex.

Click on the link below for the latest foreign exchange and currency information for property buyers, investors, traders and travelers:

OZ-FOREX THE FOREIGN EXCHANGE SPECIALISTS

 

Just tell us what you are looking for and we will start searching for the ideal property to meet your needs. To obtain a fixed price quote or to arrange a telephone or skype consultation, please contact us on +61 2 9975 3311.

Please complete our Property Brief with your personal requirements and we will be in touch with you within 24 hours.

Government Policy on Foreign Investment

Click here to Read more about Australia’s Policy on Foreign Investment in Property

Government Policy on Foreign Investment

The Australian Government encourages foreign investment that is consistent with community interests. The Government recognises the significant contribution that foreign investment has made and continues to make to the development of Australia. Foreign investment provides scope for higher rates of economic activity and employment than could be achieved from domestic levels of savings. Foreign direct investment also provides access to new technology, management skills and overseas markets.

What type of property can foreign investors buy?

Vacant Land

Subject to an investor commencing construction within 24 months of FIRB approval.

New dwellings

Investors can purchase new dwellings. Where approval is obtained by the foreign investor for each purchase, there is no restriction on the number of units in the development that can be purchased by that foreign investor. A foreign investor wishing to purchase more than one unit is also able to make one application for all of the units provided each unit is itemised on the application. This category includes dwellings that are part of extensively refurbished buildings where the building’s use has undergone a change from non-residential (for example, office or warehouse) to residential. It does not include established residential real estate that has been refurbished or renovated.

Commercial

Commercial real estate includes vacant and developed property which is not for residential purposes – such as offices, factories, warehouses, hotels, restaurants and shops. It does not include rural land. Purchase of commercial property is normally approved unless it is contrary to the national interest. This is determined by the Government on a case by case basis. Acquisition of certain types of commercial property do not require notification, regardless of the citizenship or residency status of the purchaser including:

  • An interest in developed commercial property valued at less than $50 million or $953 million (indexed annually) for US investors, or $5 million for heritage listed properties where the acquirer is not a US investor; or
  • An interest in developed commercial property where the property is to be used immediately and in its present state for industrial or non residential commercial purposes. The acquisition must be wholly incidental to the purchaser’s proposed or existing business activities.

Note: Second-hand dwellings

Foreign persons are prohibited from acquiring established dwellings for investment purposes (that is, they cannot be purchased to be used as a rental or holiday property), irrespective of whether they are temporary residents in Australia or not. Foreign buyers can purchase an established dwelling as a home provided you receive approval from the FIRB (which typically takes from 2 to 10 days).

Significant Investor Visa

From the 24 Nov 2012, the Australian Government has created a new class of visa available to business people and high net worth individuals looking to invest at least $5 million in the Australian economy. In return for investing in State and Territory Bonds, Managed Funds or directly into Australian Companies overseas investors are offered concessions on the usual visa requirements.

To be granted a permanent Significant Investor visa, primary visa holder must be resident in Australia for at least 40 days for every year or part year that they have held a provisional Significant Investor visa. The residence period does not need to be met per year but can be met cumulatively over the time the primary visa holder held the provisional visa.

By obtaining a Significant Investment Visa, holders may purchase residential or commercial real estate subject to FIRB regulations.

Who does not require Government approval? (Exemptions)

You do not need to submit an application for approval to acquire real estate in Australia if:

  • you are an Australian citizen living abroad
  • your spouse is an Australian citizen (not a permanent resident) and you are purchasing residential real estate in both names as joint tenants (not tenants in common)
  • you are a New Zealand citizen and you are purchasing residential property
  • you hold a permanent resident visa and you are purchasing residential property
  • you are purchasing new dwelling(s) from the developer, where the developer has pre-approval to sell those dwellings to foreign persons
  • you are acquiring an interest in a time share scheme which does not permit you (and any of your associates) more than 4 weeks entitlement per year
  • you are purchasing certain residential real estate in an Integrated Tourism Resort (ITR)
  • you are acquiring an interest in developed commercial property valued at less than $50 million or $1004 million (indexed annually) for US investors, or $5 million for heritage listed properties where the acquirer is not a US investor
  • you are acquiring an interest in developed commercial property where the property is to be used immediately and in its present state for industrial or non residential commercial purposes. The acquisition must be wholly incidental to the purchaser’s proposed or existing business activities
  • you are acquiring an interest by will or by operation of law (such as, a court order regarding the division of property in a divorce settlement, but not if both parties simply agree to transfer property without a court’s intervention)
  • or you are purchasing property from the Government (Commonwealth, State or Territory, or local)

 Do I need Government approval to buy real estate in Australia?

You may need to apply for foreign investment approval if you are a foreign interest who is:

  • purchasing residential real estate (includes established or new residential property, vacant land and hobby farms)
  • purchasing rural land
  • purchasing developed commercial real estate
  • making an application for designation as an Integrated Tourism Resort or Strata Titled Hotel
  • purchasing vacant commercial real estate for development
  • acquiring shares, business assets or dealing with some other interest in an existing company
  • creating a new business or project
  • dealing with some other form of interest

 A foreign interest is defined as:

  • a natural person not ordinarily resident in Australia
  • a corporation in which a natural person not ordinarily resident in Australia or a foreign corporation holds a substantial interest
  • a corporation in which two or more persons, each of whom is either a natural person not ordinarily resident in Australia or a foreign corporation, hold an aggregate substantial interest
  • the trustee of a trust estate in which a natural person not ordinarily resident in Australia or a foreign corporation holds a substantial interest, or
  • the trustee of a trust estate in which two or more persons, each of whom is either a natural person not ordinarily resident in Australia or a foreign corporation, hold an aggregate substantial interest

Other situations where FIRB approval is normally given includes:

  • Foreign companies buying residences in Australia for their senior executives
  • Foreign nationals temporarily resident in Australia for more than 12 months buying for their own use as a principal place of residence subject to the sale of the property when they cease to reside in Australia
  • Foreign nationals purchasing residential real estate as joint tenant with an Australian spouse

For further information and detailed government policies are available on the Foreign Investment Review Board website.

Foreign Exchange

If you would like assistance in transferring your funds safely and quickly to Australia at cheaper than bank rates then we would recommend OzForex.

Click on the link below for the latest foreign exchange and currency information for property buyers, investors, traders and travelers:

OZ-FOREX THE FOREIGN EXCHANGE SPECIALISTS

To obtain a fixed price quote or to arrange a telephone consultation, please contact us on +61 2 9975 3311.

Start your investment portfolio in Australia now by completing our Property Brief.

To obtain a fixed price quote or to arrange a telephone or skype consultation, please contact us on +61 2 9975 3311.

Tell us what you are looking for and we can get started today.  Complete the Property Brief now.