10 Aug '17, 4am

An important read!

One decision that Singaporean investors get stuck on while investing in Australia is whether to finance their purchase with a loan from a local bank or an Australian bank. Some buyers think that an Australian bank will be more troublesome to deal with or that they will get charged more, however this could not be further from the truth! Foreign investment is closely regulated The FIRB (Foreign Review Investment Board ) is an Australian governmental organisation which monitors all foreign purchases. Under their guidelines, all foreign investors need to apply for FIRB approval before making any purchase. Investors are also only allowed to buy a property which is newly built or a vacant land for the purpose of constructing on it. If you are serious about investing in Australia then you can also go ahead and apply for a FIRB pre-approval which will make your purchase process fa...

Full article: http://www.propertyguru.com.sg/singapore-property-resourc...

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