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can we buy a house on 457 visa


Guest clark66

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You can buy a house on a 457 visa, but I think you are restricted to buying a brand new house never lived in before.

An application has to be made to the Forgein Investment Review Board ( this is just a formality)

You do not qualify for the first time home owners grant as this is only available to permanent residents.

You will be liable for the stamp duties etc etc

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  • 4 weeks later...
Guest 4YearItch

Hi

The only reason we got our residency status was for buying a house. As sunnywa has listed, it's just not worth it on a 457 visa. The other downside is when you leave the country you have to sell as it's not allowed to have any foreign investment.

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  • 1 month later...
Guest misscathcart

Have the rules changed as around ten years ago we applied to FIRB and were able to buy a home as British citizens with only tourist visas subject to the following:

The property had to be new, the builder had to have built a certain number of homes to the same design and sold them to Australians. When the property was sold the buyer had to be Australian.

I think you will find there are plenty of homes owned by people from overseas.

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