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FAQs
Buying Property in Australia

Q1

Can non-residents purchase property in Australia?

 A: Yes, but non-residents must first obtain approval from the Foreign Investment Review Board (FIRB). Generally, non-residents are only permitted to purchase newly built homes or off-the-plan properties, and must pay the applicable FIRB application fees. Permanent residents or holders of certain types of visas are subject to fewer restrictions.

Q2

What additional taxes are involved when buying property in Australia?

A: In addition to the standard stamp duty, foreign buyers are required to pay the Foreign Purchaser Additional Duty (FPAD), which varies by state (typically 7%–8% of the purchase price). Buyers may also incur land tax, local council rates, strata fees, and ongoing utility costs.

Q3

What is the process of buying property in Australia?

A: The standard buying process includes:

  • Selecting a property and signing the purchase contract (usually includes a cooling-off period);

  • Submitting a FIRB application if required;

  • Engaging a solicitor or conveyancer to manage legal procedures;

  • Applying for a mortgage (through an Australian or international bank);

  • Completing settlement and making final payment.

Q4

Can overseas buyers apply for home loans in Australia?

A: Yes. Non-residents can apply for loans, but the Loan-to-Value Ratio (LVR) is typically limited to 60%–70%, and interest rates may be higher. Some banks accept foreign income for loan assessments, although the criteria are usually stricter.

Q5

Which Australian cities are ideal for property investment?

A: Popular choices include:

  • Sydney: High property prices but strong capital growth potential;

  • Melbourne: Great living environment, suitable for both self-use and investment;

  • Brisbane: More affordable housing and stable rental yields;

  • Adelaide and Perth: Suitable for long-term investment and increasingly attractive to international buyers.

Q6

What risks are involved in investing in Australian real estate?

A: Common risks include:

  • Currency fluctuations (e.g., between HKD and AUD);

  • Interest rate increases, which can raise mortgage repayments;

  • Policy changes, especially those affecting foreign buyers.

  • Market volatility in local housing prices.

Q7

What kind of rental yield can I expect in Australia?

A: This varies by location:

  • Brisbane / Adelaide: Approx. 4% to 5% rental yield;

  • Melbourne / Sydney: Around 2.5% to 4%, with greater potential for capital growth.

Q8

What are the advantages of investing in Australian property?

A: Key benefits include:

  • Stable political and legal system;

  • Transparent real estate market with strong transaction protections;

  • Can serve as retirement income or part of long-term financial planning;

  • Supports children’s education and future immigration plans.

Q9

What are the ongoing costs after purchasing a property?

A: Ownership costs may include:

  • Council rates;

  • Utilities and insurance;

  • Property management fees if rented out;

  • Land tax , depending on the state.

Q10

Do I need to be in Australia to buy a property?

A: No, you do not need to be physically present. You can authorize a local solicitor or agent to handle the entire process on your behalf. Contract signing and bank transactions can all be completed remotely.

Disclaimer:

The information provided on this website is for general reference only. Figures such as loan-to-value ratios, interest rates, costs, and property prices mentioned here may change over time. Please refer to the official websites of relevant institutions for the most up-to-date and accurate information. Before making any financial, investment, or lending decisions, we recommend consulting with a qualified professional.

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