Property purchases by non-Australian residents
As a result of massive overseas property investment in the 1980's, the then Australian Government introduced a requirement for non Australian residents to obtain approval from the Government for the acquisition of Australian residential property.

For more information
If you are a non-resident, we advise you to contact an Australian lawyer for a full and detailed explanation of the situation as it applies to you.

A Summary
This summary is in no way comprehensive, and should not be taken as a guide to non-resident investment in Australia without seeking professional legal advice.

The Restrictions
All persons other than the following are required to submit details of all proposed property acquisitions to the Foreign Investment Review Board (FIRB):
Australian Citizens
Permanent Residents
Approved Migrants
Foreign Nationals with an entitlement to take up or retain permanent residence. e.g. New Zealand Citizens

Allowable Acquisitions
Foreign interests may acquire apartments, townhouses, land and house packages in new approved developments, during construction or while the dwelling is new and unused. Such acquisitions may be retained for personal use, rented, or sold in due course.

Australian Citizens with Foreign Spouses
Such applications are usually approved as a matter of course.

Contact us
If you are classed as a foreign investor, please contact us for more information or contact The Foreign Investment Executive on +61 2 6263 3795 or fax +61 2 6263 2940 or visit their site at http://www.firb.gov.au/content/default.asp 

Property Suitable for Purchase by Foreign Investors:

	Viridian Noosa Resort   This is a Five Star strata titled resort comprised of 147 one, two, and three bedroom apartments. Constructed on the edge of Noosa Hill just metres from Hastings Street and the Noosa beach, with completion due August 2010. Buyers can secure these valuable investments with a 10 % deposit or with a bank guarantee. Priced from $535,000 to $3.5M Don't miss this unique opportunity to enjoy the rewards of ownership and the pinnacle of beach style relaxation, just walking distance from Hastings Street adn Noosa Main Beach. Magnificent new 1 and 2 bedroom apartments 4 weeks holiday fro 3 years Settlement due in August 2010 Furniture package included Luxury resort and spa facilities One of the largest conference facilities in the Noosa Region Get in quick for a 6% guaranteed return for 3 years Contact Diana for an investment kit
	'Coast' Sunshine Beach - Selling Now - New 2 Bedrooms - 3 Bathrooms - 2 Carparks - Pool 250 mtrs from beach and approx 150 mtrs from village. Only 1 residence left, private 10 mtr pool, ocean views! Designed by award winning architects “Bark Design”. Residence 1 totals 586m2 (internal and external), residence 2 totals 693m2 (internal and external). Both include 2 living rooms! Elevator, ducted air-conditioning, gymnasium, huge amount of storage space, high ceilings. More features awaiting approval. Brand New  $3,500,000