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Showing results for tags 'firb'.
Found 8 results
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I know the ruling is that you can only buy land to build a house or buy a house that has not been lived in, but does anyone know if you go on a 600 visa whilst waiting for a 143 visa, is the FIRB likely to authorize a purchase of an established property. I am looking at purchasing in Cairns, so don't know if it varies from state to state thanks
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Can anyone tell me please if you are able to buy an established property on a 600 visa and not be liable for FIRB fees
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Hi Everyone, We have just decided to move to Oz on an 804 Aged Parent Visa. We have searched everywhere but are not able to find out if we will be able to purchase a house to live in after we have applied for the 804 visa and received our Bridging visa A. We realize that our visa will take many years to come through. How have others managed accommodation during the long wait. It seems too long to live with our daughter and family. Thanks.
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We are on a waiting list for permanent residency visa subclass 804 (aged parent). We bought our first apartment in 2008 following the FIRB rules of that time which dictated we must buy a 'new' property. We are now thinking of selling this apartment and buying another. Does anyone know whether we have to again buy 'new' or can we now buy 'previously owned' property? I have tried to get a definitive answer over the phone with the FIRB but not had any luck so has anybody have an answer to this question? Rgds topmast777
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Hi all, We will be arriving in OZ in early 2012 on an employer sponsored 457 temporary residency visa that is valid for 4yrs and the employer has agreed to sponsor us PR after the 2yr qualifying period as per DIAC rules. Will we still need FIRB approval before we can buy a house? We are dead keen on buying as soon as we arrive is possible.
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Temps buying a house need FIRB approval again!
Andrew from Vista Financial posted a topic in Money & Finance
As of 24th April Temporary residents who are living in Australia and wish to purchase a property now need to obtain permission from the Foreign Investment Review Board (FIRB) once again. There was an exemption in place if the property was to be used as your main residence but this exemption has now been lifted and approval again is required. You cannot apply for approval until you have the address details of a property and so when putting in an offer to purchase the conditions should state: - Subject to approval from the Foreign Investment Review Board. Obviously with any other conditions that you may have ie finance, buildings inspection etc. It never used to be too much bother to get approval and was generally just a formality, however it is important to get it. This should answer any questions FIRB: Foreign Investment Review Board - FAQ. Regards Andy -
Hi Just to let you know the approval came through yesterday - it has taken nearly 3 weeks. Our Solicitor has been brilliant and has been dealing with the FIRB. So any buyers on a 457 make sure you give yourselves plenty of time to get the FIRB approval before you set your completion date. Settlement in 3 days, phew!:v_SPIN:
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As the title says we got approval :jiggy: Submitted online application on the 4th Feb heard nothing so emailed them on the 12th to get told they had recieved our application but no supporting documentation :arghh:. So i emailed them back with the confirmation email they sent us stating received on the 5th Feb. Spoke to them on the 13th to be told yes they had receive all documentation & approval granted 15th. So should get mortgage letter this week and then it will be all go. Should move into our new house within the month :jiggy: Can't wait. Janette
