Foreign Investment In Australia
If you are not an Australian Citizen or permanent resident then you will need approval by the treasury to buy a property.
C-Property will help you get the Australian Government approval needed to buy the property.
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The Australian Government regulates the ownership of property in Australia by foreign persons.
Ordinarily a foreign person will be given approval to purchase new properties or undeveloped properties, subject to certain conditions. If the conditions are not met the Australian Government can force the sale of the property.
The REIQ contract contains a warranty that the buyer is not a foreign person who requires Australian Government approval to buy the property. A special condition must be inserted into the contract to protect you, C-Property can help you. Just click here.
If you want more information on foreign ownership in Australia simply visit the Foreign Investment Review Board website.
Typically, conveyancing services leave you to deal with the confusing matter of Government approval, not C-Property.
