Australia is often the country of choice, but it is not the easiest place to acquire real-estate if you are a foreign citizen.

A lot of Singaporeans consider buying a property somewhere overseas. Australia is often the country of choice, but it is not the easiest place to acquire real-estate if you are a foreign citizen. There are numerous legislation rules and procedures that you need to follow in order to successfully purchase a property there. This article will give you a rough estimate of what needs to be done before you can finalize a property deal in Australia.

The Foreign Investment Review Board

In the land down under, The Foreign Investment Review Board (FIRB) is the main body that regulates foreign citizen property purchases. All of the applications for residential properties will have to be approved by the board before you can make a final purchase, unless you ...