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Australia
Property Buying Process and Investment Facts
Australia
Property Buying Process and Investment Facts
By Rhiannon Williamson
The property
buying process in Australia is relatively straightforward and foreign investors
are permitted to own real estate in Australia as long as the land or property
for sale has been approved for sale to overseas buyers by the Foreign Investment
Review Board. Income and capital gains derived
from property owned in Australia has to be reported to the Australian taxation
authorities but there are certain incentives in place for overseas property
investors to reduce or negate their taxation liability. In general the
first stage of the property buying process in Australia is to source suitable
real estate or land for sale that suits the particular requirements of
the investor..
