Foreign Buyers

Foreign Buyers

Current regulations determine a number of key issues that can impact on overseas buyers:

  • Ability for temporary residents to purchase established dwellings under specific guidelines

  • Ability for temporary residents to purchase new dwellings (never been occupied or occupied for less than 12 months)

  • Ability for temporary residents to purchase vacant land solely for the purposes of residential development

  • The notification processes for these acquisitions and or development/re-development

  • Exemptions from the Act

  • Mandatory notifications for vacant land, commercial property, mining tenements and forestry acquisitions

  • Acquisitions of property with accommodation facilities

  • Acquisitions of rural land

Victorian Government guidelines for purchasing property by a foreign person.

What type of property a foreign person can buy?