Buying a house on a 457 Temp Visa
Apr 14th 2008, 12:20 am
#1
Forum Regular
Thread Starter
Joined: Jul 2007
Location: Gloucester UK
Posts: 112
Buying a house on a 457 Temp Visa
I am here in Queensland on a 457 Sponsored Temp Visa and was told that as we are on that Visa we are only allowed to Purchase a brand new house.
Does anyone know if this is true ??
HELP !!
Does anyone know if this is true ??
HELP !!
Apr 14th 2008, 12:23 am
#2
Joined: Nov 2006
Posts: 2,225
Re: Buying a house on a 457 Temp Visa
Not true.
Apr 14th 2008, 1:41 am
#4
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Thread Starter
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Location: Gloucester UK
Posts: 112
Re: Buying a house on a 457 Temp Visa
Can of worms springs to mind !!!!
Will have to check with an estate agent i suppose ??
Will have to check with an estate agent i suppose ??
Apr 14th 2008, 2:39 am
#5
Retired
Joined: Apr 2004
Posts: 34,649
Re: Buying a house on a 457 Temp Visa
Bear in mind that if you are receiving Living Away from Home Allowance then you may lose this if you purchase a home (get some professional assistance on this if important).
Also you should be aware that if you don't get permanent residence and have to leave Australia, you may need to sell at an awkward time.
Apr 14th 2008, 2:40 am
#6
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Re: Buying a house on a 457 Temp Visa
Thanks !
Will get soem advice me thinks !
Will get soem advice me thinks !
Apr 14th 2008, 6:02 am
#7
annette
Joined: Jan 2007
Location: south brisbane
Posts: 184
Re: Buying a house on a 457 Temp Visa
Hi
We live south of Brisbane and have came to Oz on a 457 visa. We purchased our house and no it was not brand new. You do have to go through the Foreign Investment Approval Board and to fill in the forms which you can down load from the web site. This will give you the information you need.
Also this only can be filled in against the address that you want to buy.
Like some one stated if you get LAFA this will stop and you will not be entitled to the first time buyers allowance.
Also you must state this as one of your clauses " subject to FIRB approval " when signing a contract for any house you put a offer in as this can take up to 30 days and more to be approved and to allow enough time for this approval to be accepted. Remember if one house falls through you have to re apply on the new address you may put a offer in.
If you want any help PM me and will give you more details
Annette
Apr 14th 2008, 6:40 am
#8
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Joined: Jun 2007
Location: NSW
Posts: 141
Re: Buying a house on a 457 Temp Visa
We purchased our house on a 457 visa, we had to get FIRB approval, it took about 2 weeks to come through.
Apr 14th 2008, 7:26 am
#9
Joined: Nov 2006
Posts: 2,225
Re: Buying a house on a 457 Temp Visa
That's pretty quick.
Aren't there also some restrictions on how many times you can sell-up and buy another house if you're not a permanent resident?
As JAJ says if you have to leave Australia you've got to sell up, it may not be the easiest thing to do in the current market.
Aren't there also some restrictions on how many times you can sell-up and buy another house if you're not a permanent resident?
As JAJ says if you have to leave Australia you've got to sell up, it may not be the easiest thing to do in the current market.
