Neesh Property is excited to offer such personalized services to our Expat Non Residents and Foreign Investors.  We manage your investment from sourcing the property, to arranging the finance, to managing the rental for you.

You only need to speak with Neesh Property about all your property investing, rather than making three different calls. As an Expat or Foreign Investor, it is important to make sure you know all your options as they are always changing.

Ask Neesh today about arranging your pre approval.

Australian citizens and non-residents purchasing Australian property

Australian citizens and permanent residents living overseas can acquire any property in Australia and access any home loan available to Australian residents.

The term non-resident for lending purposes applies to a person who:

• Permanently resides out of Australia and is not an Australian citizen
• Is an Australian citizen that has been living and working out of Australia for more than six consecutive months
• Is not an Australian citizen but has been residing in Australia for less than six consecutive months.

Buying a Property in Australia whilst living abroad?

If you are purchasing property from overseas, it is important to deal with a mortgage broker who is experienced in expat or non resident lending.  Neesh Property has many Expat and Non Resident clients and is able to assist with your investing requirements.

A Neesh broker will typically know what loans work best for your situation and which lenders are happy to work with expat borrowers, particularly if you don’t intend to return to Australia to sign your loan documents or you wish to borrow a reasonably large amount of money.

Transferring foreign currency for property purchase

If you are buying an Australian property from overseas, whether as an investment, holiday or retirement home, or to live permanently, it is likely that you will have to pay for your property in Australian dollars.  You will need to be mindful of the Foreign Exchange Rates.

Foreigners buying Australian property from overseas

Foreign investment or a foreign interest is a corporation, business or trust in which a foreigner and any associates have 15% or more ownership or in which several foreigners have 40% or more aggregate of the ownership.

There are various forms of investment and proposals with regard to foreign investment in Australian real estate.

These include the acquisition of:

• Developed commercial real estate valued at AUD$5 million or more
• Residential real estate – irrespective of size
• Residential real estate – irrespective of size – unless exempt under regulations.

The rules and restrictions for Foreign Investors are far more relaxed these days. Please ask your Neesh Broker for further information.