Commercial real estate in Australia is often used as a means of diversifying your portfolio, creating tax benefits and building wealth. Australia’s position is particularly unique as its population growth continues to put pressure on a limited commercial property supply thereby pushing up rents as tenants compete for limited space. But while the benefits may seem apparent, purchasing commercial real estate however can still be risky, particularly when the purchase is conducted from overseas. To better secure your commercial property investment, start by getting the right team of professionals including a good commercial property agent and commercial finance brokers.
Access commercial finance and real estate assistance
Our commercial property team has broad commercial experience covering commercial, industrial, office or retail properties that will put you in a better position to manage your commercial property investment. Simply email us the form on this page call us on +61 2 9249 3739 and we will contact you at a time that is convenient for you.
Foreign Investment Review Board (FIRB) Approval
To encourage investment in commercial real estate, the Australian government tries to structure the requirements for the purchase of commercial real estate in a way that facilitates this investment. And while Australian expats living abroad do not require approval from the Foreign Investment Review Board (FIRB) to purchase commercial real estate, the rules are different for foreign interests.
Foreign interests need to acquire Foreign Investment Review Board (FIRB) notification and approval for:
- vacant land
- an accommodation facility
- property being acquired by a foreign government or its agent
- developed commercial real estate subject to heritage listing valued at $5 million or more
- developed commercial real estate where the total value of the property being acquired is $50 million or more.
For more information on Expat Home Loans call +61 2 9249 3739
