Quote:
Originally Posted by planky
Hello,
I have read and understood all of the above posts apart from the bit about the house having to be new, can you expand on this for me!
Are you saying that we'd have to buy brand new property? or is it something which has been built within so many years?
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Take a look at the Foreign Investment Review Board website all temporary residents have to have FIRB approval before they can purchase a property. It does contradict itself in places but basically they encourage you to buy a new house, think you can get approval for older residences but it may be a bit more difficult to obtain it. But I know you can't buy a property from a house owned by a non-resident (god knows why!). Also we can't sell to a non resident if we are still on our 457 - strange rule if you ask me!!!! Hoping to go permanent in the next year or so, so hopefully this won't be an issue then.