July 18, 2008
Foreigners Buying Australian Property
Australia restricts what real estate non-residents can buy. Essentially it is lot easier to invest in commercial property than it is residential property: the Australian government sees an economic benefit for investment in commercial operations but is less clear on the benefits for Australia for non-residents investing in residential real-estate. The rules are complex and the details can be found Foreign Investment Review Board
More on Investing in Australia and New Zealand Real Estate: Rules for Non-Residents
