Updated: May 16, 2019
Australia is a country that has a full support system for Foreign Investors and generally welcomes Foreign Investors buying property in Australia. All the normal 101 items still apply but below are a few extra items that need to be addressed for Foreign Investors to purchase property in Australia.
Foreign investors will require Foreign Investment Review Board Approval before being able to purchase any property in Australia. This can be done online and our team can assist where required, however all the details and information is found in the official government website, www.firb.gov.au
Finance is available through some lenders in Australia for Foreign Investors to assist in their purchase of investment property. Lending amounts and loan to value rations can vary. We have a team of associate brokers we can refer that can assist foreign investors in obtaining finance. It is a no cost, no obligation enquiry to find out how much you can borrow.
Tracking your property performance from overseas
Like any investment it is important your that you are able to track, monitor and review the performance of your investment. We refer our clients to some very advanced third party software to manage the organisation and performance of your property investments including:
Monthly live and updated property valuations from a leading Australian property valuer
Daily cashflow management reporting of your property income and expenses
Tax assistant help in completing an Australian Tax Return
Electronic Document Storage for all property income, expense and other documentation
Third party access to the software allowing you to share your property details and performance with anyone, anywhere in the world.
Google Maps to be able to view your property and the surroundings from street view perspective
Peace of mind knowing you are tracking the results and performance of your investment.
Tax and Accounting
We have a team of professional accountants and planners who we refer to for your taxation and accounting needs. Most foreign investors may require a tax return to be completed here in Australia for their investment property or properties, so we have the professionals on hand to ensure your needs are covered.
When purchasing in Australia, some foreign investors can elect to set up an entity in Australia such as a company or trust if it suits their situation better. Our accountant and planning professionals can help you determine if this is something that may suit your individual situation and circumstances better.