ElysiumParticipant@elysiumJoin Date: 2018Post Count: 5
I am a property investor from Europe, and looking to invest into Australian property, and I already own 2 rental units in new developments.
Foreign investors are ONLY allowed to purchase NEW properties (completed within max 1 year). These types of properties are more expensive (easily 25% more) than existing older units and probably get a lower % ROI as well.
I am looking for (legal) ways to purchase older units, or buy land to develop into rental units.
Is anyone here familiar with the laws that apply to non-Australian property investors in Australia?
Is there anything I can do?
What if a property is jointly owned by a local and myself?
Thank you in advance!
Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
- This topic was modified 1 year, 2 months ago by Elysium.
I have sent you a PM in regards to such a way.
We do this with a couple of large Chinese groups and it works well for all concerned.
Yours in FinanceTerrywParticipant@terrywJoin Date: 2001Post Count: 16,190
Yes, there are a number of ways it can be structured. You will need legal advice on the foreign acquisitions and takeovers act and regs