Arcadia53 Posted May 3, 2022 Share Posted May 3, 2022 Hi there , On a 491 when can you buy a house in oz ? Cheers, Pete Quote Link to comment Share on other sites More sharing options...
Marisawright Posted May 3, 2022 Share Posted May 3, 2022 This is one of the crazy things about the 491. I used to refer to it as a "provisional" visa, not a "temporary" one, because there is a clear pathway to permanent residency. However, Covid has shown that it's just a temporary visa really (491 holders were treated shamefully during the lockdown). This affects buying a house, too. You can buy a house any time you like, but you'll be treated like a foreign investor, even though you're going to live in the house. That means applying for permission from FIRB (for a fee), then paying a hefty surcharge on the purchase price (around $40,000 extra on a $500,000 home). 1 Quote Link to comment Share on other sites More sharing options...
Arcadia53 Posted May 4, 2022 Author Share Posted May 4, 2022 Thanks Marisa Quote Link to comment Share on other sites More sharing options...
calNgary Posted May 7, 2022 Share Posted May 7, 2022 On 03/05/2022 at 22:37, Arcadia53 said: Hi there , On a 491 when can you buy a house in oz ? Cheers, Pete Hi Pete This link should answer all of your questions about buying a home on a 401 visa. If your partner is a citizen or has PR it does make it wayyy easier and cheaper too. https://www.homeloanexperts.com.au/non-resident-mortgages/temporary-resident-mortgage/ Cal x Quote Link to comment Share on other sites More sharing options...
Gavilon18 Posted September 9, 2022 Share Posted September 9, 2022 Hi, sorry to hijacker’s the thread but it’s fairly relevant. specifically in SA does anyone know how the foreign surplus works on a land and new build package? I’ve found lots of references to the surplus bring on land. But can’t find a clear answer on whether this is just terminology for the whole build or if it just so applied to the land transaction, and/or how this alters if you buy the land on its own and in a separate transaction take on the builder/ build cost. TiA Quote Link to comment Share on other sites More sharing options...
Marisawright Posted September 9, 2022 Share Posted September 9, 2022 22 minutes ago, Gavilon18 said: Hi, sorry to hijacker’s the thread but it’s fairly relevant. specifically in SA does anyone know how the foreign surplus works on a land and new build package? I’ve found lots of references to the surplus bring on land. But can’t find a clear answer on whether this is just terminology for the whole build or if it just so applied to the land transaction, and/or how this alters if you buy the land on its own and in a separate transaction take on the builder/ build cost. You mean "surcharge" not "surplus" so maybe that's why you're not finding the right info? https://firb.gov.au/ Quote Link to comment Share on other sites More sharing options...
rammygirl Posted September 9, 2022 Share Posted September 9, 2022 The extra charge is on the land improved or not. If you buy a vacant lot it applies to that, if the land has a house on it it applies to the full price of purchase. When we bought we could only buy brand new or build our own not an established dwelling. It depends on the visa. Any charges referred to the land purchase, we had nothing extra to pay for the house build. Quote Link to comment Share on other sites More sharing options...
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