Algester Real Estate - Algester Real Estate - Parkinson Real Estate - Wishart Real Estate
OVERSEAS BUYERS
The Australian Government welcomes foreign investment. It has helped build Australia's economy and will continue to enhance the wellbeing of Australians by supporting economic growth and prosperity.

Frequently Asked Questions

I am a foreign person. Can I invest in Australia?

Yes, but you may require approval depending on what you wish to buy.
Please refer to the Foreign Investment Policy for further information.

How long does it normally take to get a decision?

Under the Foreign Acquisitions and Takeover Act 1975, the Treasurer has 30 days to consider your application and make a decision. There is no time limit for applications made under the Policy only. However, the Government also aims to consider these proposals within 30 days, where possible.
For residential real estate applications, if you have not received a response after 15 working days, you may contact us at: firbenquiries@treasury.gov.au.

Can I lodge an application before finding a property?

No, approval is required for a specific property you wish to purchase. You cannot apply for a general or 'in principle' approval.

Can I apply for several properties at once?

Yes, but you must submit a separate application for each property you wish to purchase.

If I buy a property, can I rent it out?

Established (or second-hand) dwellings bought by temporary residents cannot be rented However, new dwellings, dwellings built on vacant land and dwellings built as part of a redevelopment, can be rented.

Do I still need approval if my spouse is an Australian permanent resident and I am a foreign non-resident?

Yes, you still require approval even if your spouse is an Australian permanent resident.

Exemptions
It is possible that you may not need to submit an application for approval to acquire real estate in Australia. Please click here to determine if you meet any of these exemptions.

Visit their website for more details: http://www.firb.gov.au/content/real_estate/residential.asp

MASTER AGENTS ALGESTER REAL ESTATE

Algester Real Estate is selling real estate properties in Algester, which is an outer suburb of Brisbane, Queensland. Located 18km south-west of Brisbane City, Algester's population is estimated at 8,262. The suburbs of Algester, Calamvale and now Parkinson, sit on the southern border or boundary of the City of Brisbane. Algester's name is a version of the English town of "Alcester". Briefly in the mid to late 1970s the suburb was colloquially named Ridgewood Heights after the Ridgewood Heights property development that then made up most of its land area, but has officially been known as Algester from 1972. Algester Real Estate is excited to sell property in this location. Having schools, shops, parks, cafes all within a short distance, as well as very frequent buses to take you directly into the city. Located in a quiet pocket it is only a 20 minute drive into the city or 40 minutes to the Gold Coast.
  PO Box 5054
ALGESTER, QLD

  nhan@masteragents.com.au
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