Edgehill 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 CAIRNS CITY REAL ESTATE

Welcome to the exuberant world of local Cairns resident, Jean Laterre. For over 30 years, Jean has been part of the living splendour of tropical North Queensland and has investment properties in Cairns and its surrounds. Jean has lived in North Queensland since 1984. He is one of the few practicing agents in North Queensland who lives and promotes tropical living from the heart. He is part of local health and educational projects in North Queensland.

Jean has previously taught in schools in Cairns and Innisfail prior to entering real estate. He has a thorough knowledge of the local area that can only benefit both buyers and sellers. In 2007 Jean broke the record for the highest settled sales for both small acreage and beachfront properties in the Bluewater area of Townsville; a record that has stood the test of time for 10 years now!

In 2013 Jean made the A LIST of the top 1% industry performers within the Queensland property market. The A LIST analyses market size, market share, listing share, media share, community engagement and marketing. During the past decade Jean has gained and continues to gain attention from the media as a creative "new age agent" who thinks "outside the square" in order to get your desired outcomes.

"I'm a real estate agent, not a secret agent... I value communication and aspire to having a positive attitude and undying passion not just in Real Estate but all aspects of my life. Recognising, acknowledging and acting upon my clients' needs and having a powerful desire to succeed with integrity makes me love this job."
  PO Box 6788
CAIRNS CITY, QLD

  jean.laterre@masteragents.com.au
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