Foreign Investors

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What are the implications of the Federal Budget 2024 for Foreign Investors in the Commercial Real Estate Market

The Federal Budget 2024 introduces several measures that will significantly impact foreign investors in the Australian commercial real estate market. These measures are designed to streamline the investment process, ensure compliance with tax regulations, and attract more foreign capital while safeguarding national interests. Here are the key implications: Increased Foreign

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FIRB – Foreign Investment Review Board

There are restrictions upon the ownership of Australian property by foreigners. Foreign citizens must submit an application to the Government’s Foreign Investment Review Board (“FIRB”) for approval to purchase real estate in Australia. Some of the exemptions include New Zealand citizens purchasing residential property Permanent residents purchasing residential property The

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