If you move to Australia (on a 139 visa - don't know if this is
relevant) are there any restrictions on the type/age of property you
buy? We hope to move eventually to Melbourne, and I have something at
the back of my mind, which I must have read somewhere, that you must buy
a 'new build' property. Is this correct?

--
Posted via Usenet

> If you move to Australia (on a 139 visa - don't know if this is
> relevant) are there any restrictions on the type/age of property you
> buy? We hope to move eventually to Melbourne, and I have something at
> the back of my mind, which I must have read somewhere, that you must
> buy a 'new build' property. Is this correct?

Hi racketman,
Read your post and it jogged something in my memory about 'new build'
property, I think it was related to a retirement visa though, I may
be wrong...

--
Posted via Usenet

> If you move to Australia (on a 139 visa - don't know if this is
> relevant) are there any restrictions on the type/age of property you
> buy? We hope to move eventually to Melbourne, and I have something at
> the back of my mind, which I must have read somewhere, that you must
> buy a 'new build' property. Is this correct?

Hi racketman,
Read your post and it jogged something in my memory about 'new build'
property, I think it was related to a retirement visa though, I may
be wrong...

--
Posted via Usenet

> If you move to Australia (on a 139 visa - don't know if this is
> relevant) are there any restrictions on the type/age of property you
> buy? We hope to move eventually to Melbourne, and I have something at
> the back of my mind, which I must have read somewhere, that you must
> buy a 'new build' property. Is this correct?

I'm pretty sure that as long as you have the right to permanent
residence - whatever the visa type - you can purchase any
property you like.

If you are a temporary resident, then the FIRB (to who all non-permanent
residents must apply to purchase property) will allow you to purchase
one second-hand property as long as it is your principal residence while
in Australia.

The new-build thing applies only to those without the right to permanent
residence and who are not currently living in Australia - e.g. foreign
investors. These people would also need to apply to the FIRB for
authorisation to purchase the property

Phil

--
Posted via Usenet

> If you move to Australia (on a 139 visa - don't know if this is
> relevant) are there any restrictions on the type/age of property you
> buy? We hope to move eventually to Melbourne, and I have something at
> the back of my mind, which I must have read somewhere, that you must
> buy a 'new build' property. Is this correct?

I'm pretty sure that as long as you have the right to permanent
residence - whatever the visa type - you can purchase any
property you like.

If you are a temporary resident, then the FIRB (to who all non-permanent
residents must apply to purchase property) will allow you to purchase
one second-hand property as long as it is your principal residence while
in Australia.

The new-build thing applies only to those without the right to permanent
residence and who are not currently living in Australia - e.g. foreign
investors. These people would also need to apply to the FIRB for
authorisation to purchase the property

Phil

--
Posted via Usenet

Hi Racketman

If a 139 visa is a permanent resident visa you can buy whatever and wherever
you like, subject to the lenders criteria of course.

Don't forget the first time house buyers $7000 for all new residents who
have not previously owed a property in Australia or its territories.

Wayne

"racketman" <member42036@british_expats.com> wrote in message
news:32$336767$2969439$1131665051@britishexpats.co m...
>
> If you move to Australia (on a 139 visa - don't know if this is
> relevant) are there any restrictions on the type/age of property you
> buy? We hope to move eventually to Melbourne, and I have something at
> the back of my mind, which I must have read somewhere, that you must buy
> a 'new build' property. Is this correct?
>
> --
> Posted via Usenet

Hi Racketman

If a 139 visa is a permanent resident visa you can buy whatever and wherever
you like, subject to the lenders criteria of course.

Don't forget the first time house buyers $7000 for all new residents who
have not previously owed a property in Australia or its territories.

Wayne

"racketman" <member42036@british_expats.com> wrote in message
news:32$336767$2969439$1131665051@britishexpats.co m...
>
> If you move to Australia (on a 139 visa - don't know if this is
> relevant) are there any restrictions on the type/age of property you
> buy? We hope to move eventually to Melbourne, and I have something at
> the back of my mind, which I must have read somewhere, that you must buy
> a 'new build' property. Is this correct?
>
> --
> Posted via Usenet