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Buying UK property whilst in Australia


Guest Bear

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Hi

 

We're here working for a couple of years on a 457 visa while our flat we bought off plan is built back in the UK. Have discovered that apparently there is a law in Australia that stops residents investing (eg buying a house) overseas. Has anyone heard of this?

 

Thanks

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Guest Graham&kym
Hi

 

We're here working for a couple of years on a 457 visa while our flat we bought off plan is built back in the UK. Have discovered that apparently there is a law in Australia that stops residents investing (eg buying a house) overseas. Has anyone heard of this?

 

Thanks

Determined by the bank you are borrowing from. They can either say yes or no to the loan. The recipricol(sp) agreement allows you to to purchase / borrow in the uk, or Oz.

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