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Hi there , 

On a 491 when can you buy a house in oz ?
Cheers,

Pete 

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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).  

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Scot by birth, emigrated 1985 | Aussie husband granted UK spouse visa March 2015, moved to UK May 2015 | Returned to Oz June 2016

My new novel, A Dance With Danger, is due out August 2022

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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


If you don't go after what you want, you'll never have it. If you don't ask, the answer is always no. If you don't step forward, you're always in the same place...

If you get a chance,take it, If it changes your life,let it. Nobody said it would be easy they just said it would be worth it...

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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

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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/


Scot by birth, emigrated 1985 | Aussie husband granted UK spouse visa March 2015, moved to UK May 2015 | Returned to Oz June 2016

My new novel, A Dance With Danger, is due out August 2022

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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.


So many wineries ......so little time :yes:

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