If you are an foreign investor looking to invest in Australia this is what you should know:

The process 

Non-Australians are allowed to invest in Australian properties. The acquisition of real estate by foreign buyers in Australia is subject to regulation by FIRB (Foreign Investment Review Board), which means that non-residents must seek approval from FIRB before purchasing residential real estate. There are also certain limitations in place. Australia is highly regarded by foreign investors as the fifth-best country for stable and secure real estate investments.

For foreigners, the process of buying property in Australia differs from that of Australian residents. They must obtain permission from FIRB to proceed. If you’re a foreign investor and you plan to purchase property jointly as tenants in common, FIRB approval is required. You have the option to buy a new property, an existing property, or vacant land. You can either use the property as your residence or use it as an investment.

Most common legal structure

Unit trusts represent a type of mutual fund that can hold assets, with profits distributed directly to investors rather than being reinvested. The trustee of the trust is considered a foreign person in their role as the trustee. As a Unit Holder, your beneficial ownership of trust property is determined by the number of units you own. For example, if you possess 150 units and another person holds 50 units, you own 75% of the Unit Trust assets.

The solution

At Top Notch Property Group, we offer a solution for foreign investors looking to participate in Australian projects and gain exposure to the Australian market. We ensure full compliance and provide strict control and protection of investments. Our commitment to transparency and legal certainty guarantees that our investors have a clear understanding of their investments.