Australia is one of the most developed countries in the world!
Factors such as pleasant climate conditions, rich natural resources, a well-balanced economy, political stability, and high living standards place Australia above many other countries worldwide. This makes Australia a top choice for international investors.
Australia is a multicultural society and our government has always welcomed and encouraged international investors into the country.
Australian real estate is an exceptionally profitable investment. It represents high standards of quality and the unique possibility to earn income and enjoy high-quality lifestyles simultaneously.
The number of overseas investors acquiring Australian residential real estate increases yearly.
The acquisition of Australian real estate is a common and steady developing phenomenon. The dynamics of this expansion are partially centred on the high quality of the building standards.
Investment in Australian real estate is not only prestigious and convenient but also profitable.
With our experience and knowledge of the market, you can make investments with confidence.
Can non-residents buy property in Australia?
Yes - foreign residents, temporary residents and short-term visa holders can buy investment properties and residential real estate in Australia, provided they have permission from the Foreign Investment Review Board.
What types of properties can be purchased?
In December 2015, the Australian Government introduced new legislation for foreign investors to purchase Australian property.
Under the new laws, non-resident buyers can only invest in new dwellings, off-the-plan properties under construction or vacant land with a view to development.
Non-residents are not permitted to buy established dwellings unless they plan to demolish said dwelling and construct a new one within four years of receiving approval from the Foreign Investment Review Board.
Non-residents who purchase property in Australia are required to seek approval from the Foreign Investment Review Board unless an exemption applies.
FIRB Exemptions
Foreign investors who wish to purchase residential real estate within Integrated Tourism Resorts do not require approval from the Foreign Investment Review Board. Hope Island, Sanctuary Cove & Royal Pines residential resorts on the Gold Coast in Queensland are Integrated Tourism Resorts in Australia.
“Kontinent” is an expert in helping foreign buyers find and acquire desirable properties within these FIRB-exempt upmarket residential resorts.
They took time to introduce us to the Australian property market and then offered us a selection of houses, so we had great choices to work with.
Our experience was excellent from start to finish.
Thanks to everyone at Kontinent for their help and support.
We were fortunate to have found Kontinent Agency before moving from the UK to Australia. They helped us find the right house in the right neighbourhood for the right price. The staff are always friendly and constantly gave us good advice. They found our new home that met our needs.
We were new homebuyers from Europe with little knowledge about the Australian market and finding the right place to live. It was a pleasure working with the team from Kontinent. They were outstanding in keeping the transaction moving along and getting to closing without any delays.
"Kontinent" Property Marketing Agency is based on the Gold Coast in Queensland, Australia
We are committed to providing a quality service, and our friendly staff is ready to assist you with any enquiry.
We look forward to hearing from you!
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