Foreigners are required to obtain approval from the Foreign Investment Review Board (FIRB) before purchasing residential properties in Australia. There are also restrictions on the type of property that can be purchased, such as a requirement to buy new properties or vacant land.
The FIRB application process involves submitting an application online and paying a fee. The application will be assessed by the FIRB and a decision will be made within 30 days.
es, foreigners are required to pay additional fees and taxes such as stamp duty, land tax, and capital gains tax (CGT). It is recommended to seek professional advice to understand the tax implications of buying a property in Melbourne.
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At SAVIO , we are backed by a capable and reliable entrepreneurial people with high integrity that choose to make a difference.
That said, the business and our people are registered (VIC Licensed) and are licensed real estate agents.
