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I am a foreign person who regularly visits family in Australia. Can I buy a second-hand property with a family member who is an Australian citizen/permanent resident?

April 26, 2017Australia buy Citizen family foreign PERMANENT person Property regularly second-hand visits

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I am a foreign person who regularly visits family in Australia. Can I buy a second-hand property with a family member who is an Australian citizen/permanent resident?

1 Answer

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10 Posted

No. As a foreign non-resident, you are not permitted to acquire any interest in second-hand residential property, irrespective of whether you purchase it solely in your name or jointly with eligible persons (Australian citizens, permanent or temporary residents).