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Can you buy property on a 475?

Can you buy property on a 475?

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Old Feb 24th 2008, 6:08 pm
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Default Can you buy property on a 475?

We're in the final stages of our 475 visa application and hoping to be out there in a few months.

Meantime I'm wondering whether - as 475ers - we can buy property in Oz?
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Old Feb 24th 2008, 6:27 pm
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Default Re: Can you buy property on a 475?

Originally Posted by stormywhether
We're in the final stages of our 475 visa application and hoping to be out there in a few months.

Meantime I'm wondering whether - as 475ers - we can buy property in Oz?
Hi there, I am keen to apply for the 457. Qualify in June 2009 and wondered when I need to started.. A hospital in Sunshine Coast has said they will accept me on their new grad course but I have to apply for the 457 myself.

Fingers crossed for you that it all works out well, I can't wait to get out there! Went last year and fell in love with the place, my brother lives there and my dad's moving out so at least I won't be missing them!
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Old Feb 24th 2008, 7:36 pm
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Default Re: Can you buy property on a 475?

Originally Posted by stormywhether
We're in the final stages of our 475 visa application and hoping to be out there in a few months.

Meantime I'm wondering whether - as 475ers - we can buy property in Oz?

a simple answer is yes but there are restrictions. www.firb.gov.au/content/faq.asp
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Old Feb 24th 2008, 8:28 pm
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Default Re: Can you buy property on a 475?

Yes you can (we did) but you need:

1. Minimum 20% deposit.
2. FIRB approval (which takes 10-14 days).

The FIRB approval step makes it difficult for you to buy a house at auction and also makes you slightly less preferred than local buyers.
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Old Feb 25th 2008, 3:40 am
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Default Re: Can you buy property on a 475?

I think FIRB approval takes longer than that. If I'm right,they have to give you a decision within 30 days and,as they're usually v.busy it can take that long.
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Old Feb 25th 2008, 5:27 am
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Default Re: Can you buy property on a 475?

Got our FIRB approval inside a week!
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Old Feb 25th 2008, 6:54 am
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Default Re: Can you buy property on a 475?

We also got our FIRB approval very quickly. I think that it came sometime in the second week after lodging. Have to say I found them very efficient. The Case Officer phoned me up to check something and then once I'd sent him the requested documention called again to say our request was approved.
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Old Feb 25th 2008, 8:58 am
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Default Re: Can you buy property on a 475?

Originally Posted by bushy
I think FIRB approval takes longer than that. If I'm right,they have to give you a decision within 30 days and,as they're usually v.busy it can take that long.

They quote a maximum of 30 days but in reality it is much quicker.
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Old Feb 26th 2008, 9:29 am
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Default Re: Can you buy property on a 475?

we FIRB within a few days.

but then we became permanent residents, so it didn't matter
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Old Feb 28th 2008, 6:18 am
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Default Re: Can you buy property on a 475?

our FIRB approval on a 457 took exactly 30 days, and our settlement was 12 days later.

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