David_dance

We are UK Citizens, resident in Britain. We do not plan to take up residence
in Australia for 2-3 years.

In April we went to Australia and signed a contract to buy a new house, (a
show house), as an investment in Peregian Springs, Queensland, ( subject to
F.I.R.B. approval). I have just heard that approval has not been granted
and the contract has failed, the seller could not apparently provide the
Treasury with all the information which they required.

We wish to try again and, to this end, plan to visit the Sunshine Coast
again in October. Obviously we do not want to have our next choice also
fall through, and I wonder if anyone has been through this and can offer any
advice on how to avoid the pitfalls which we have found to our cost exist.

We are interested in a stand alone property rather than a lateral title
home, and would consider a land and build package deal, as near to Noosa as
is possible, with an overall budget of A$500,000 for a 3-4 bed bungalow. I
have built two houses in the UK, and am therefore used to dealing with
sub-contractors, but not on the other side of the world.

I have contacted two “buyers’ agents� but the replies which I have received
lead me to believe that they are not entirely familiar with F.I.R.B.
regulations.

Any input would be appreciated.

David_dance

We are UK Citizens, resident in Britain. We do not plan to take up residence
in Australia for 2-3 years.

In April we went to Australia and signed a contract to buy a new house, (a
show house), as an investment in Peregian Springs, Queensland, ( subject to
F.I.R.B. approval). I have just heard that approval has not been granted
and the contract has failed, the seller could not apparently provide the
Treasury with all the information which they required.

We wish to try again and, to this end, plan to visit the Sunshine Coast
again in October. Obviously we do not want to have our next choice also
fall through, and I wonder if anyone has been through this and can offer any
advice on how to avoid the pitfalls which we have found to our cost exist.

We are interested in a stand alone property rather than a lateral title
home, and would consider a land and build package deal, as near to Noosa as
is possible, with an overall budget of A$500,000 for a 3-4 bed bungalow. I
have built two houses in the UK, and am therefore used to dealing with
sub-contractors, but not on the other side of the world.

I have contacted two “buyers’ agents� but the replies which I have received
lead me to believe that they are not entirely familiar with F.I.R.B.
regulations.

Any input would be appreciated.

David_dance

We are UK Citizens, resident in Britain. We do not plan to take up residence
in Australia for 2-3 years.

In April we went to Australia and signed a contract to buy a new house, (a
show house), as an investment in Peregian Springs, Queensland, ( subject to
F.I.R.B. approval). I have just heard that approval has not been granted
and the contract has failed, the seller could not apparently provide the
Treasury with all the information which they required.

We wish to try again and, to this end, plan to visit the Sunshine Coast
again in October. Obviously we do not want to have our next choice also
fall through, and I wonder if anyone has been through this and can offer any
advice on how to avoid the pitfalls which we have found to our cost exist.

We are interested in a stand alone property rather than a lateral title
home, and would consider a land and build package deal, as near to Noosa as
is possible, with an overall budget of A$500,000 for a 3-4 bed bungalow. I
have built two houses in the UK, and am therefore used to dealing with
sub-contractors, but not on the other side of the world.

I have contacted two “buyers’ agents� but the replies which I have received
lead me to believe that they are not entirely familiar with F.I.R.B.
regulations.

Any input would be appreciated.

David_dance

We are UK Citizens, resident in Britain. We do not plan to take up residence
in Australia for 2-3 years.

In April we went to Australia and signed a contract to buy a new house, (a
show house), as an investment in Peregian Springs, Queensland, ( subject to
F.I.R.B. approval). I have just heard that approval has not been granted
and the contract has failed, the seller could not apparently provide the
Treasury with all the information which they required.

We wish to try again and, to this end, plan to visit the Sunshine Coast
again in October. Obviously we do not want to have our next choice also
fall through, and I wonder if anyone has been through this and can offer any
advice on how to avoid the pitfalls which we have found to our cost exist.

We are interested in a stand alone property rather than a lateral title
home, and would consider a land and build package deal, as near to Noosa as
is possible, with an overall budget of A$500,000 for a 3-4 bed bungalow. I
have built two houses in the UK, and am therefore used to dealing with
sub-contractors, but not on the other side of the world.

I have contacted two “buyers’ agents� but the replies which I have received
lead me to believe that they are not entirely familiar with F.I.R.B.
regulations.

Any input would be appreciated.

Nullabore

Hi David,

I live on the Gold Coast (SE of Brisbane) and have had dealings with the
FIRB and through solicitors acting on behalf of prospective purchasers,
unfortunately
many of them gave incorrect advice too.......have a read of the FIRB site
(if you haven't done so already) at www.firb.gov.au and if you have any
questions the very best you can do is ask them directly.

Regards


Rob


"david_dance" <[email protected]> wrote in message
news:[email protected]...
    > We are UK Citizens, resident in Britain. We do not plan to take up
residence
    > in Australia for 2-3 years.
    > In April we went to Australia and signed a contract to buy a new house, (a
    > show house), as an investment in Peregian Springs, Queensland, ( subject
to
    > F.I.R.B. approval). I have just heard that approval has not been granted
    > and the contract has failed, the seller could not apparently provide the
    > Treasury with all the information which they required.
    > We wish to try again and, to this end, plan to visit the Sunshine Coast
    > again in October. Obviously we do not want to have our next choice also
    > fall through, and I wonder if anyone has been through this and can offer
any
    > advice on how to avoid the pitfalls which we have found to our cost exist.
    > We are interested in a stand alone property rather than a lateral title
    > home, and would consider a land and build package deal, as near to Noosa
as
    > is possible, with an overall budget of A$500,000 for a 3-4 bed bungalow.
I
    > have built two houses in the UK, and am therefore used to dealing with
    > sub-contractors, but not on the other side of the world.
    > I have contacted two "buyers' agents" but the replies which I have
received
    > lead me to believe that they are not entirely familiar with F.I.R.B.
    > regulations.
    > Any input would be appreciated.

George Lombard

Hi Rob,

Yes, the FIRB rules are some of the most misunderstood and avoided laws in
Australia. We see a lot of people who buy property totally contrary to the
FIRB requirements because no one bothers to enforce the rules at time of
purchase. That being said, not observing them leaves you vulnerable to
subsequent problems.

Cheers

George Lombard

--
www.austimmigration.com.au

"nullabore" <[email protected]> wrote in message
news:[email protected]...
    > Hi David,
    > I live on the Gold Coast (SE of Brisbane) and have had dealings with the
    > FIRB and through solicitors acting on behalf of prospective purchasers,
    > unfortunately
    > many of them gave incorrect advice too.......have a read of the FIRB site
    > (if you haven't done so already) at www.firb.gov.au and if you have any
    > questions the very best you can do is ask them directly.
    > Regards
    > Rob
    > "david_dance" <[email protected]> wrote in message
    > news:[email protected]...
    > > We are UK Citizens, resident in Britain. We do not plan to take up
    > residence
    > > in Australia for 2-3 years.
    > >
    > > In April we went to Australia and signed a contract to buy a new house,
(a
    > > show house), as an investment in Peregian Springs, Queensland, ( subject
    > to
    > > F.I.R.B. approval). I have just heard that approval has not been
granted
    > > and the contract has failed, the seller could not apparently provide the
    > > Treasury with all the information which they required.
    > >
    > > We wish to try again and, to this end, plan to visit the Sunshine Coast
    > > again in October. Obviously we do not want to have our next choice also
    > > fall through, and I wonder if anyone has been through this and can offer
    > any
    > > advice on how to avoid the pitfalls which we have found to our cost
exist.
    > >
    > > We are interested in a stand alone property rather than a lateral title
    > > home, and would consider a land and build package deal, as near to Noosa
    > as
    > > is possible, with an overall budget of A$500,000 for a 3-4 bed bungalow.
    > I
    > > have built two houses in the UK, and am therefore used to dealing with
    > > sub-contractors, but not on the other side of the world.
    > >
    > > I have contacted two "buyers' agents" but the replies which I have
    > received
    > > lead me to believe that they are not entirely familiar with F.I.R.B.
    > > regulations.
    > >
    > > Any input would be appreciated.
    > >
    > >
    > >
    > >
    > >

ayanem

When I phoned the FIRB they were really helpful. They were pleased someone had taken the trouble to call them BEFORE buying property.

David_dance

ayanem wrote in message <[email protected]>...
    >When I phoned the FIRB they were really helpful. They were pleased
    >someone had taken the trouble to call them BEFORE buying property.


I apologise or multiple posting, I have been having problems with this ng
for some time.

I have indeed spent some time reading the FIRB website, and am pretty sure
that I understand it, but very few in the property business in Oz seem to.

I think that I shall follow my solicitors advice and go for a house land
package.