Sydney Property Buyers Agent | Skeen Property Buyers +61 2 9033 8616
Let us handpick your next investment property!
Let us handpick your next investment property!
Don’t let auction stress deprive you of a dream home
Don’t let auction stress deprive you of a dream home
Turn your dream home into your address
Turn your dream home into your address
Smart strategies for growing a property portfolio
Smart strategies for growing a property portfolio
Utilise our team’s experience and proven success
Utilise our team’s experience and proven success
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Foreign Property Buyers

With over 30% of our business being expatriates and foreign buyers Skeen Property Buyers Agents has the experience, systems and tools in place to be able to service you diligently and professionally.

We act as your eyes and ears here on the ground and can offer you the independent and impartial advice needed for your piece of mind.

We will supply you the pictures the agents will not want to show you and the relevant sales data to ensure you are well informed on the price of your home or investment.

We will coordinate all aspects of the property search and purchase on your behalf and we will advise you on the best Sydney suburbs and property types that will suit you best.

At Skeen Property Buyers Agents we understand the difficulty of communicating across time zones. We accommodate for time variances – wherever you might be in the world we are available 24 hrs/7 days a week for you. (If you are a foreigner looking to invest in Australia please refer to the Foreign investment review board)

 

Foreign Investment Review Board Approval Summary

The FIRB assesses applications from foreigners who would like to invest or buy a home in Australia. If you would like to buy real estate in Australia either to live in or as an investment then you may be required to obtain FIRB approval which can be applied for online at the government website

Australian Citizen

If you are an Australian Expat living overseas:-

You do not need approval from the FIRB

You can buy a new property, existing property or vacant land

You can live in the property or it can be an investment

Permanent Resident

If you are a foreign national who has a permanent residency visa:

You do not need approval from the FIRB

You can buy a new property, existing property or vacant land

You can live in the property or it can be an investment

New Zealand Citizen

If you are a New Zealand citizen:

You do not need approval from the FIRB

You can buy a new property, existing property or vacant land

You can live in the property or it can be an investment

Temporary Resident Buying with Australian citizen spouse

If you are on a temporary visa such as a spouse visa, 457 work visa or student visa and are buying the property with your Australian citizen spouse or de facto partner:

You do not need FIRB approval if you are buying the property as “joint tenants”

You will need FIRB approval if you are buying the property together as “ tenants in common”

You can buy a new property, existing property or vacant land

You can live in the property or it can be an investment

Who Needs Approval?

You will need FIRB approval if you fall into the following categories

Temporary Resident

If you are on a temporary visa such as a spouse visa, 457 work visa or student visa:

You need approval from FIRB

You can only buy one established dwelling and it must be to live in, however you will be required to sell it once you do not live there anymore

You can buy an investment property, however it must be a new property or vacant land to build a new property

You do not need FIRB approval if you are buying the property with an Australian citizen as “joint tenants”

Foreign Investor

If you are a foreign investor:

You need approval from the FIRB

The investment property must be a new property or vacant land to build a new property

You cannot buy an established dwelling as an investment property

You can buy a new property in your name and rent it out to their child that is on a temporary visa

The Government approves the vast majority of FIRB approval applications. If you meet the guidelines provided on the Government website www.firb.gov.au there are very few reasons that could cause your application to be declined.

The Government monitors foreign investment to ensure that the investment will benefit Australia. In particular foreign investors are limited to investing in “new” properties so that their investment adds to the existing housing stock in Australia. This is to prevent speculation which has little benefit for the Australian economy and that could result in escalating housing prices.

Source: www.firb.gov.au

Considering buying a property in Sydney?
Skeen Property Buyers are the leading buyers agents offering property searching & negotiation service, specialist investment property advice, auction bidding, property appraisals, project management, renovation advice, property management and more. If you are searching for the best buyer’s agents in Sydney… search no more.

Contact Us

Tel +61 2 9033 8616
Fax +61 2 9033 8600

mail@skeenproperty.com.au
www.skeenproperty.com.au

Suite 25 Level 1
50 Yeo Street
Neutral Bay NSW 2089

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