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Temporary residents purchasing second hand dwellings
The definition of ‘temporary resident’ includes all foreign persons living in Australia who:
* hold a valid temporary visa which permits them to stay in Australia for a continuous period of more than 12 months (irrespective of how much time is remaining until that visa expires); or
* have submitted an application for permanent residency (PR), and hold a bridging visa which permits them to stay in Australia until their PR application has been finalised
Short-term visitors such as tourists, business people and those here for a medical procedure are not temporary residents.
Foreign students resident in Australia are no longer subject to a $300,000 limit on the value of an established dwelling purchased as their principal place of residence. --------wooo.... |
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