Quote:
Originally Posted by AnxiousMum
Ok, husband has now decided he wants to get another mortgage to buy a property in Australia (if we can find one) while we are still in UK.
Some website are saying you cant buy property in OZ if you are not a resident, and would need to buy brand new house not ever been lived in.
Other websites dont mention this pitfall at all.
Has anyone done this themselves? What are the problems with doing this if any?
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I was told by Estate Agent in Melbourne that people who don't have
PR/citizenship can not buy resale property/land in Oz only 'off the plan' properties which have restrictions on the number of units that can be sold to overseas residents.
Someone did post here that it was possible to get authorisation from the appropriate body in oz to by pass it but I'd never heard of this.
I would suggest that you look on
Real Estate, Property, Land and Homes for Sale, lease and rent - realestate.com.au for a property you are interested in, contact the EA through the website and ask them directly.
I bought a resale property in Melbourne in 2006 from the UK by raising a mortgage on my UK property but I had
PR at the time. Mind you it was to the best of my knowledge never checked & I was not asked to provide proof.
If you are looking to buy a property in Melbourne or Brisbane areas I can give you contact details for conveyancers which I have used which you could also ask.
Send me a private message if I can help any further.
