Who can buy what on the Australian real estate market

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Definitions : > *FIRB : Foreign Investment Review Board > *Integrated Tourism Resort : a historical complex with special laws favorable for the purchase of old property for foreigners (e.g. Sanctuary Cove, Royal Pines, etc.)

Who can buy what on the Australian real estate market

Temporary residents

Migrants

Bridging visa after applying for a permanent visa

Visa with an INITIAL validity of more than 12 months continuously

With special FIRB* Aproval

Buy via auctions

Have an Established Dwelling Exemption Certificate

With FIRB* Aproval

Commit to reselling within 3 months if it ceases to be your principal residence.

No renting / no subletting

The only one in Australia

Principal residence

An established dwelling

All types of property already listed for Foreigners Non-Residents

The same rules apply

The others

Anything they want

Who are they?

Australian citizens

Permanent Residents

New Zealand citizens

Foreigners non-residents

Who are they ?

Persons with initial visas of less than 12 months

Tourists

Can buy

Without FIRB* Aproval

Established dwelling

If it was built by a developer who obtained an Exemption Certificate

If the property is part of « Integrated Tourism Resort* »

with FIRB* Aproval

New Dwelling

Can buy it as much as you want

Can rent it

No rules for the occupancy

Vacant land

Must build on a residential property within 4 years