Yes, international students can buy property in Australia and obtain a home loan. Eligible visas include the Student Visa (Subclass 500) and Skilled Recognised Graduate Visa (Subclass 476). Many financial institutions may approve loans for these students. Always verify lender requirements before applying.
Foreign buyers, including student visa holders, must also seek approval from the Foreign Investment Review Board (FIRB). This government body evaluates property purchases to ensure they align with economic benefits for Australia. Additionally, student visa holders should be aware that buying property involves various costs, such as stamp duty, legal fees, and potential ongoing expenses for maintenance and management.
It is wise for student visa holders to consult with legal and financial experts prior to making a purchase. This guidance can navigate the complexities of the Australian property market and foreign investment rules.
In the following section, we will explore the key steps involved in purchasing property as a student visa holder, including the legal process, financing options, and additional considerations to keep in mind.
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