Your Piece of the Planet: Tips for Buying Land in Australia

There are many of us who would like to build our own home exactly how we want it. There are definitely opportunities to make those dreams come true …

There are many of us who would like to build our own home exactly how we want it. There are definitely opportunities to make those dreams come true when you take a look at what Australia has to offer.

Here is a look at how you can migrate to Australia and acquire your own little piece of the planet which also happens to have your dream home on it.

Overseas buyers welcome

If you are interested in starting a new life in Australia and buying a plot to build your house on, the first step to take is to make an application to the Foreign Investment Review Board (FRIB). Your application will be reviewed and assessed to ensure that any foreign investor coming to Australia, has the country’s best interests at heart.

Quick turnaround

You should normally get a response to your application within a 30 day period.

The application should be made based on a specific plot that you have identified as being of interest to you to buy and develop. It is not possible to simply make a general application that requests permission to acquire land in Australia for a residential development.

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The response time from the FRIB provides you with a quick turnaround but you should be aware that all the other considerations such as planning permission will take the normal length of time to complete.

There is also one other stipulation that you need to bear in mind, which could influence when you make your application. Building needs to actually start no later than 12 months later from the time you purchase the plot of land.

No holiday homes

Recent changes in government legislation have made it almost impossible for a non-resident to buy a property in Australia which is a holiday home or simply for investment purposes.

You can actually buy a property if you are staying for a fixed period of time, so in theory you could own a house for a couple years whilst you were working in Australia on a contract for example, but that is hardly a practical idea for many, as it would have to be sold when you leave.

Frowned upon

If you think that the Australian government will look favorably on a visa application from a foreign national who already owns a property in the country, think again.

This tactic is basically frowned upon and could actually jeopardize your chances of your application being reviewed in a positive light. The reason for this is that the authorities would consider you to be a risky proposition for overstaying your welcome beyond your existing visa limit.

Australia would be a fantastic place to buy a plot of land and build your dream home. Just make sure you follow the right path in getting your paperwork in order and you could soon be enjoying a new life in a property that is truly your own.


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