Why Buy in Australia?
The first and foremost thing that springs to mind when people think of Australia is sun! With hot and sometimes tropical climates, Australia is the place to be if you wouldn't mind topping up your tan just by walking the dog. Aside from this, the people, the food, the beaches, and of course, the wine, are all things you can look forward to experiencing right on your doorstep if you move down under. Did you know that there are nearly three times as many people living in England than there are in the whole of Australia?
This vast, spacious country is definitely the place for you if you are looking to get away from the hustle and bustle of a busy lifestyle surrounded by people and traffic. In Australia you can drive for hours across open plains and maybe even spot a kangaroo or two! Unhealthy lifestyles are not really an option in Australia due to the overwhelming amount of outdoor activities and it really is the home of the outdoor lifestyle. Coupled with this is the fact that Australia produces so much fresh produce grown right there, from zucchini to capsicums, not to mention the abundance of Australian fresh beef and lamb.
Getting Started - is it possible for you to buy in Australia?
It is possible for you to buy property in Australia but it is highly likely that you will first need to gain permission from the Foreign Investment Review Board (FIRB). Once the application is made the FIRB will normally give an answer within 40 days although it is permitted to allow up to 130 days. You may still start your property search and even proceed to exchange of contracts before receiving the above approval but it is imperative to make sure that the contract drawn up is conditional on receipt of the approval. If you are buying a new-build property however you are less likely to have to seek permission from the FIRB. If your spouse is an Australian national, even if he or she lives away from Australia, FIRB approval will not be required.