[h=3]Established Dwelling Exemption Certificate[/h]Foreign persons who are temporary residents may also apply for an established dwelling exemption certificate which will allow them to purchase one unspecified established dwelling up to a specified value within a specified state or territory to use as their principle place of residence. This certificate means that foreign persons don’t have to seek individual approval for each property they are interested in and only pay one fee on application for the certificate. The established dwelling can be purchased by any method (such as auction, ballot, private offer, expression of interest or tender).
Established dwelling exemption certificates will normally be subject to the conditions that apply to established dwelling approvals, and require the temporary resident to report on any purchase made.
For more information, see Guidance Note 9;http://firb.gov.au/resources/guidance/gn02/