If you are not an Australian citizen or permanent resident of Australia and want to buy real estate in Australia, in some cases you will need to get prior approval from the Australian Government.

MAJOR DEVELOPERS SUCH AS THE RAPTIS GROUP USUALLY HAVE PRE APPROVAL FROM THE F.I.R.B TO SELL 50% OF THEIR BUILDINGS TO OVERSEAS CITIZENS IF REQUIRED.

CURRENT BUILDINGS OF THE RAPTIS GROUP THAT HAVE THIS PRE APPROVAL ARE -

• Hilton Surfers Paradise Hotel and Residences
• Southport Central - Towers 1, 2 and 3
• Platinum on the River
  

The current top 12 Countries investing in residential property on the Gold are as follows in order of $'s spent -

1. RUSSIA
2. NEW ZEALAND (NZ Citizens exempt from FIRB Rules.)
3. NEW CALEDONIA
4. JAPAN
5. UNITED KINGDOM
6. SINGAPORE
7. CHINA
8. HONK KONG
9. SOUTH AFRICA
10. UNITED STATES OR AMERICA
11. UNITED ARAB EMERATES
12. GERMANY

For more information and application forms visit the Foreign Investment Review Board website: www.firb.gov.au or contact:

General enquires:	+61- 2 - 6263 3795
Fax:	+61- 2 - 6263 2940
E-mail:	firb@treasury.gov.au (enquires only)