Brisbane Real Estate
OVERSEAS BUYERS
The Australian Government welcomes foreign investment. It has helped build Australia's economy and will continue to enhance the wellbeing of Australians by supporting economic growth and prosperity.

Frequently Asked Questions

I am a foreign person. Can I invest in Australia?

Yes, but you may require approval depending on what you wish to buy.
Please refer to the Foreign Investment Policy for further information.

How long does it normally take to get a decision?

Under the Foreign Acquisitions and Takeover Act 1975, the Treasurer has 30 days to consider your application and make a decision. There is no time limit for applications made under the Policy only. However, the Government also aims to consider these proposals within 30 days, where possible.
For residential real estate applications, if you have not received a response after 15 working days, you may contact us at: firbenquiries@treasury.gov.au.

Can I lodge an application before finding a property?

No, approval is required for a specific property you wish to purchase. You cannot apply for a general or 'in principle' approval.

Can I apply for several properties at once?

Yes, but you must submit a separate application for each property you wish to purchase.

If I buy a property, can I rent it out?

Established (or second-hand) dwellings bought by temporary residents cannot be rented However, new dwellings, dwellings built on vacant land and dwellings built as part of a redevelopment, can be rented.

Do I still need approval if my spouse is an Australian permanent resident and I am a foreign non-resident?

Yes, you still require approval even if your spouse is an Australian permanent resident.

Exemptions
It is possible that you may not need to submit an application for approval to acquire real estate in Australia. Please click here to determine if you meet any of these exemptions.

Visit their website for more details: http://www.firb.gov.au/content/real_estate/residential.asp

MASTER AGENTS BRISBANE REAL ESTATE

Carindale Real Estate is selling properties in the Greater Carindale area. Carindale is situated in an affluent quarter of Brisbane’s South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD. Carindale is serviced by one of the city’s leading retail and lifestyle destinations, Westfield Carindale, which is home to many of Australia’s favourite retailers including David Jones, Myer and Apple as well as a host of premium fashion brands, an Event Cinemas complex and a range of other retailers. Other notable features of the suburb include - the Pacific Golf Club, Belmont State School, Belmont Bushland Reserve, Belmont Private Hospital and Bulimba Creek. The Gateway Motorway borders the suburb. In addition to Indooroopilly in the west; Chermside on the north-side; and Upper Mount Gravatt on the south side, the suburb has been described as a mini-CBD.

Public transport runs frequently to and from Carindale and the City via Old Cleveland Road and Creek Road, leading to the South East Busway. Carindale’s has a high average household income in 2016 of $110,814 per annum which is 11% above the Brisbane Metro average ($100,034). Household composition is in line with the Brisbane Metro average with 29% being families with children under 15 years of age. 78% of workers are professional or other white collar workers, which is above the Brisbane Metro average of 70%.
  GPO Box 2506
BRISBANE, QLD

  cath.miller@masteragents.com.au
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