Can you buy property on a 475?
#1
Chief Innovation Officer
Thread Starter
Joined: Oct 2007
Posts: 106
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?
Meantime I'm wondering whether - as 475ers - we can buy property in Oz?
#2
Forum Regular
Joined: Apr 2007
Location: England, Bristol
Posts: 46
Re: Can you buy property on a 475?
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!
#3
Joined: Mar 2005
Posts: 2,027
Re: Can you buy property on a 475?
#4
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.
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.
#5
Forum Regular
Joined: Mar 2006
Location: Iluka WA
Posts: 207
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.
#6
Joined: Mar 2005
Posts: 2,027
Re: Can you buy property on a 475?
Got our FIRB approval inside a week!
#7
BE Enthusiast
Joined: Nov 2004
Location: Sydney, Australia - formerly Portsmouth UK
Posts: 938
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.
#9
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
but then we became permanent residents, so it didn't matter
#10
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.