If you are not a resident of Australia, however would like to purchase a property you will require approval from the Foreign Investment Review Board (FIRB) before buying residential property. See www.firb.gov.au for more information.
FIRB approval can be arranged by you or your solicitor; although you will only be able to borrow up to 70% of the value of the property and will have to show available funds to cover the 30% balance as a deposit plus funds to cover the Government Fees and charges. Tocalculate the Government purchase fees follow this link to our calculator page on our Neomoney website. As a Non-Resident borrower, you will not receive any government benefits to use with the property purchase as do Australian citizens for example, the First Home Buyers received concessions on stamp duty and/or First Home Owner Grant.
If you have applied for an Australian VISA or Permanent Residency you may wish to wait for these residency status to apply to minimise the deposit required as a Non-Resident loan and may be eligible to receive any Government benefits.