489 rules

[Guest Smurtonio]

Hi all and a happy new year,

 

My wife and I are going through the visa process at the moment and I wonder if anyone could tell me if you are allowed to purchase a house on a 489 visa, I know this sounds a little mad but it just seems more like sense to buy without really having to borrow opposed to renting for 400 dollars a week and what is the length of time you would normally wait going from a 489 to PR visa providing you have kept your nose clean and all in good health.

Thank you all.

[Guest Claire-n-tel]

Hi,

 

You can, in theory, you have to get permision from the foreign investment board, i'm not sure if it is commonally done or not, the only person i know got permision to buy a house in joint names with her citizen husband, i'm sure someone on here will know more about it, here is their page tho

 

http://www.firb.gov.au/content/faq.asp

[Guest Smurtonio]

Thank you

[Guest Smurtonio]

Hi,

 

You can, in theory, you have to get permision from the foreign investment board, i'm not sure if it is commonally done or not, the only person i know got permision to buy a house in joint names with her citizen husband, i'm sure someone on here will know more about it, here is their page tho

 

http://www.firb.gov.au/content/faq.asp

Thank you Claire-n-tel