Aug
18
can non-australian citizen or permanent resident buy property in australia?
By
my parent is not a australia citizen or permanent resident.
they are planing to buy a apartment or house in sydney,is there any restriction?
some people said foreigner can’t buy secondhand property, is that true?
how are abt mortgage? is it possible to get a loan from the bank?
if the answer is yes., what do we need to certify to the financial instituition?
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3 Comments
August 22nd, 2009 at 4:54 am
ofcourse they can.
even people who do not live in australia AT ALL nor have residency/citizenship can buy property (i.e.) asian investors in the eureka tower in melbourne.
Although i think there are some restrictions. You need to contact some sort of an agency, try a real estate agency. such as Love Real Estate or even L J Hooker.
Ring them and enquire within.
As far as the loans go, i don’t think you can achieve that unless you intend on becoming a resident or citizen.
August 24th, 2009 at 10:24 am
you will find it is possible to buy a property here in Australia. You won’t be able to claim for the first home owners grant unless you have citizenship.
Mortgages will be hard to find if your security is not in Australia.
August 26th, 2009 at 2:03 am
If you gonna buy it cash then no problem. If you are asking for a lon thru their bank then thats the problem