Australia
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," explained one expat living in Australia.
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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.
