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," remarked another expat in Australia.
Other Questions:
- What should I pack when moving to Australia?
- Where should I setup a bank account in Australia?
- Will I be able to find a job in Australia?
- What is life like in Australia?
- What do expats in Australia appreciate most about the local culture?
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- 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?
- What are healthcare services like in Australia?
- What are medical services in Australia like?
- Are healthcare and health insurance expensive in Australia?
- What are emergency services like in Australia?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Australia?
- How are local medical facilities in Australia?
- As a foreigner living in Australia, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
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 the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat 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.
