Thinking about entering a foreign property market? There are some rules, regulations and risks to consider when investing overseas.
International investors in Australia
If you’re not an Australian resident, but you would like to own a little piece of the country down under there are a couple of rules you will need to consider.
Australian rules for foreign property investment are based on several factors, including how much you wish to invest, whether you’re a part-time resident or non-resident, and the type of dwelling you want to purchase.
If you are a temporary resident, you are able to buy one existing dwelling to live in, and beyond
On the other
Due to the fact that as a foreign resident you do not reside in Australia, you may not buy existing properties, unless you demolish the established dwelling with the view to
The approval of applications for foreign residents to buy new properties may be straightforward,
Australian investors investing overseas
Conversely, for some
However, investing in property overseas certainly won’t be for everyone, as there are some important considerations to be aware of before taking the plunge. The first issue you might come across is financing the loan, securing finance for an international property may be different
As with all property investments, research is key. It’s a good idea to understand the outlook for the economy and the housing market in the country you’re interested in, as well as how property sales and rental prices have performed in recent years and if there are any government regulations or tax implications that could put challenge your investment.
These questions and the answers can be confusing, so seeking professional financial advice is imperative to help you overcome your lack of local knowledge and the inherent difficulties and risks.
If you are considering an international investment - whether you are an Australian resident or not -you’ll need to shop around when hunting for the right solution for your borrowing needs. Speak to an Aussie Broker to find out how they can help.
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- Chapter One : Things to consider before investing in property
- Chapter Two : Determining where to invest
- Chapter Three : Investment properties by dwelling types
- Chapter Four : Finance for your investment property purchase
- Chapter Five : How to invest in property
- Chapter Six : Adding value to your investment property
- Chapter Seven : Positive and negative gearing
- Chapter Eight : Getting your loan
- Chapter Nine : Selling your investment property