Foreign Investors
Welcome to Brisbane Australia
Australia welcomes and actively encourages foreign investors. The Australian Government monitors and controls the investment by foreign interests in Australian Real Estate through its Foreign Investment Review Board (FIRB). If you do not hold Australian citizenship, you can buy residential apartments, units and dwellings & off the plan, under construction, or completed but not yet lived in and where the Developer has had prior FIRB approval to sell to foreign interests.
http://www.firb.gov.au
Currency Converter http://www.xe.com/ucc/convert.cg
World Clock http://www.timeanddate.com/worldclock/meeting.html
Tax Implications In Australia
Investors should set up an Australian bank account from which to pay interest (if they are requiring a loan) and to have rent paid in to. You will need to submit a tax return in Australia , where depreciation, loan costs and interest costs are claimable as tax deductions and rental income is a taxable income.
www.ato.gov.au
Capital Gains Land Tax
This is a federal tax which is payable on the sale of property. You can get more information about this from the Australian tax Office web site
www.osr.qld.gov.au
- Buying a Home (Chinese)
- Buying an Investment Property (Chinese)
- FIRB - Off the Plan Policy
- Buying a home in Aust
- Multicultural Resource Directory
- Self Managed Super Funds - New borrowing rules