foreign investment

Discussion in 'Legal Issues' started by pieter, 18th Oct, 2002.

  1. pieter

    pieter Member

    Joined:
    18th Oct, 2002
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    I am new to Australia and get requests for property investments from family and friends abroad. Do they need prior approval from Foreign Affairs?
    What type of property should I be looking for?
    Hope you can help.
    Pieter
     
  2. Les

    Les Member

    Joined:
    18th Mar, 2001
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    Work Sydney - home is Brisbane, as are IP's
    G'day Pieter,

    Steer them toward www.firb.gov.au - (Foreign Investment Review Board) - it's a very "easy read" site, and should answer most of their questions.

    Regards,
     
  3. Rolf Latham

    Rolf Latham Member

    Joined:
    2nd Mar, 2001
    Messages:
    18,791
    Location:
    Confused = Sydney, Brisbane and Gold Coast
    Hiya

    Also consider that many lenders will require a 30 % deposit from non residents.

    ta

    rolf