Forums / Property Investing / Help Needed! / Foreigner Buyer Restrictions in Australia

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of ElysiumElysium
    Participant
    @elysium
    Join Date: 2018
    Post Count: 0

    Hello all,

    I am a property investor from Europe, and looking to invest into Australian property, and I already own 2 rental units in new developments.

    The problem:
    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!

    • This topic was modified 2 weeks, 4 days ago by Profile photo of Elysium Elysium.
    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,975

    Hi there

    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.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,058

    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

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.