Buying property in Australia
Overview
Investing in Australian property is popular with global investors as Australia stands out for its stable economy and robust real estate market. Foreign Investment Review Board (FIRB) data shows buyers from China are a significant force in foreign investment in Australia.
Our Property & Development group has been acting for overseas investors since the firm began nearly 125 years ago. We are known for purposeful advice, which is especially valued when seeking FIRB approvals and structuring developments that involve multiple uses, easements and complicated titling issues.
Our Property & Development group prides itself on providing an end to end service for all phases of development, from acquisition and planning, tax structuring, through construction and sales, leasing and delivery, and enforcement of rights in the courts if required.
For overseas investors, entering the Australian property market can be a complex undertaking. The Australian Government’s regulation of foreign investment is based on Australia's foreign investment framework with each purchase considered on a case-by-case basis. Each case is assessed in the national interest with restrictions including the size and type of property purchase. There are now vigilant compliance mechanisms in place with severe penalties for breaches.
Our Property & Development group advises overseas entities involved in foreign direct investment and provides informed, practical advice and assistance to overseas investors. We know just how complex the FIRB rules and regulations are and how to guide clients through the approval process to ensure compliance and to minimise costs. Our team speak fluent Mandarin, Cantonese and Japanese which many clients highly value as it allows them to use their first language during interactions.
Our Property & Development group is large and very experienced, advising clients on high value acquisitions, tax structuring, sales and management of substantial commercial buildings, industrial complexes and large rural estates, as well commercial and retail leasing.
This expertise combined with our planning, infrastructure and environment capability has made our team the preferred choice to advise on many ambitious projects. We have close working relationships with real estate agents focused on the Australian market and with a strong Asia markets capability too.
All the senior members of our Property & Development group sit on advisory boards or committees of property industry and associated entities.
