• Moneycorp currency Transfers
  • Results 1 to 2 of 2
    Like Tree3Likes
    • 3 Post By Andrew from Vista Financial

    Thread: Temps buying a house need FIRB approval again!

    1. #1

      Senior Member
      Join Date
      May 2008
      561 times

      Exclamation Temps buying a house need FIRB approval again!

      As of 24th April Temporary residents who are living in Australia and wish to purchase a property now need to obtain permission from the Foreign Investment Review Board (FIRB) once again.

      There was an exemption in place if the property was to be used as your main residence but this exemption has now been lifted and approval again is required.

      You cannot apply for approval until you have the address details of a property and so when putting in an offer to purchase the conditions should state:

      - Subject to approval from the Foreign Investment Review Board.

      Obviously with any other conditions that you may have ie finance, buildings inspection etc.

      It never used to be too much bother to get approval and was generally just a formality, however it is important to get it.

      This should answer any questions FIRB: Foreign Investment Review Board - FAQ, feel free to PM me if it doesn't.


      Last edited by Andrew from Vista Financial; 18-05-2010 at 07:15 AM.
      Riponian, familygood and hoopster like this.
      Director - Vista Financial Services - Financial Advisor and Mortgage Advisor for Poms in Adelaide - UK Pension Transfers / Financial Advice / Mortgage Advice
      Andrew@vistafs.com.au FPA & MFAA Member, Adv Dip FP www.vistafs.com.au Ph: 08 8381 7177

    2. #2

      Senior Member
      Join Date
      Aug 2008
      98 times
      They don't like making life easy for us do they?!
      Good Family, Woodcroft
      Emma 35, Graham 41, Grace 6 and Samuel 3

      IELTS Test 27th Sept 08 VETASSES sent 4th Oct 08 IELTS Test 8.5 13th Oct 08 VETASSESS Passed 11th Nov 08
      SA Sponsorship App Sent 24th Nov 08 SA Sponsorship Approved 20th Jan 09 Visa 475 Application lodged 27th Jan 09
      CO allocated meds and pc's requested 11th Feb 09 Police checks received 6th March 09 Meds 10th Mar 09 finalised 30th Mar 09
      Visa Granted 01/04/09! Arrived 20th Jan 2010 887 Permanent Visa appliecation sent 20/01/2012
      887 Visa permanent granted 10/02/2012



    Similar Threads

    1. Definitely now in force - no need for FIRB when buying home on temp visa
      By Andrew from Vista Financial in forum Money & Finance
      Replies: 4
      Last Post: 08-04-2009, 10:54 PM
    2. Temps Required
      By Guzzler&Sas in forum Jobs & Careers
      Replies: 1
      Last Post: 25-06-2008, 07:15 PM
    3. buying a house with FIRB approval
      By soggy in forum Real Estate
      Replies: 12
      Last Post: 27-03-2008, 01:30 AM
    4. FIRB Approval - SIR495
      By Angela in forum Aussie Chat
      Replies: 8
      Last Post: 06-11-2007, 07:11 PM
    5. Government Approval buying a house?
      By piersabc in forum Real Estate
      Replies: 3
      Last Post: 08-10-2007, 08:37 AM
    Copyright 2006 - 2015 Australia Migration Forums