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. It's to be constructed on the edge of Noosa Hill just metres from Hastings Street and the Noosa beach, with completion due late 2005. Buyers can secure these valuable investments with a 10 % deposit or with a bank guarantee. Priced from $540,000 to $1.7m. Sofitel (the Five Star brand of Accor) will be the resort operator and Golden Door will operate the health facilities. The resort boasts world class conference facilities, restaurants, and swimming pool.
	'C-Vue' Sunrise Beach - Selling Now - Off Plan 3 Bedrooms - 2 Bathrooms - 2 Carparks - Pool C-Vue is truely unique and offers deiscerning buyers an amazing opportunity to secure one of the Coast's most outstanding properties off plan. C-Vue Noosa is suitable for investors and purchasers who appreciate the best in beachside living and cutting edge architecture, with state of the art finishes. Designed by award winning LCL Developments Pty Ltd Features include: roof top pools with viewing windows, private imported lifts (with built in phones), stunning ocean views from each level, gourmet kitchen with stainless steel imported appliances and modern design features, double lock up garage and storage room, intercom / security access and parking, stunning water features and landscaped gardens, outdoor entertaining areas 10% DEPOSIT WITH BALANCE ON SETTLEMENT LATE 2007.
	'Coast' Sunshine Beach - Selling Now - Off Plan 2 Bedrooms - 3 Bathrooms - 2 Carparks - Pool 250 mtrs from beach and approx 150 mtrs from village. Only 2 residences, each with 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. COMPLETION EXPECTED LATE 2007. $2,500,000
	Alpha On Elanda - Sunshine Beach 3 Bedrooms - 2 Bathrooms - 2 Carparks - Pool These beautiful apartments now under construction on one of Sunshine Beach's popular elevated ridgeline streets and are due for completion late 2007 • Only 2 remain with 3 bedrooms • 2 bathrooms • lift access • ducted air conditioning • Swimming pool • Enclosed security car parking • North Easterly aspect to Sunshine Beach.  Plans, specifications and contract details now available. From $1,150,000
	Villa Careyes, Noosaville 3 Bedrooms - 2 Bathrooms - 2 Carparks - Pool NOW SELLING OFF PLAN Stunning Luxury Apartments - Noosaville Completion November 2006 The perfect home alternative - safe, secure lifestyle The Penthouse - three bedrooms, two bathrooms, private roof-top swimming pool, 2 car garage and a storage area, serviced by private lift. Incredible Value - $1,325,000 Mid Level Apartment - three bedrooms, two bathrooms, private swimming pool, lift, double lock up garage. Wonderful Value - $1,235,000 Fully approved by Noosa Shire Council. Only two owners will enjoy this fabulous lifestyle. From $1,235,000