Mortgage Mates are able to facilitate loans for overseas borrowers/investors.  If you are an Expat Australian living overseas or a foreign investor looking to purchase property in Australia we can offer a wide range of solutions to help you. 

The Foreign Investment Review Board (FIRB) examines proposals by foreign interests to undertake direct investment in Australia and makes recommendations to the Government under its foreign investment policy.

The main functions of the Board are:

• to examine proposals by foreign interests for investment in Australia and, against the background of the Government's foreign investment policy, to make recommendations to the Government on those proposals;
• to advise the Government on foreign investment matters generally;
• to foster an awareness and understanding, both in Australia and abroad, of the Government's foreign investment policy;
• to provide guidance, where necessary, to foreign investors so that their proposals may be in conformity with the policy; and
• to monitor and ensure compliance with foreign investment policy.

  

The Board's functions are advisory only. Responsibility for the Government's foreign investment policy and for making decisions on proposals rests with the Treasurer.  Many of the decisions requiring Ministerial consideration are made by the Parliamentary Secretary to the Treasurer.

The Board is assisted by an Executive which is part of the Treasury and also has available to it advice from other Commonwealth and State Government departments and authorities.

The real estate category covers investment in:

• residential real estate (including property that is zoned other than residential real estate but including a component of residential);
• commercial real estate;
• rural land;
• accommodation facilities, which can include hotels/motels, hostels and serviced apartments; and
• urban land corporations/trusts, ie the trust or corporation holds more than 50 per cent of its assets in urban land (vacant or developed).

This category also includes a section on compliance issues.

Please feel free to contact one of our friendly, professional Loan Consultants to discuss your options or make an appointment. If you prefer, simply complete our online application form and a Consultant will be happy to contact you.

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