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Non Residents

Can non-residents invest in Australian real-estate?

Yes, non-residents who wish to invest in Australian real-estate must have approval from the Foreign Investment Review Board. There are conditions governing the approval for the following foreign investment property types:

  • Residential Real Estate
  • New Dwellings and Vacant Land
  • Established Dwellings
  • Commercial Real Estate

Are non-residents eligible for Ijarah Finance?

Yes! Ijarah Finance are proud to offer non-residents the ability to enter the Australian property market without having to enter into an interest-based mortgage. Applicants must already have approval from the Foreign Investment Review Board before making an application for Ijarah Finance.

Serviceability
A serviceability assessment will be undertaken to determine eligibility for Ijarah Finance. All documents must be translated by the National Accreditation Authority for Translators and Interpreters (NAATI).

Checklist for Non-Residents

  • Approval from the Foreign Investment Review Board.
  • Evidence of applicant’s deposit held in an Australian bank account is required.
  • Appointment of an agent (other than Ijarah Finance) to act on your behalf.
  • Proof of Identification (100 points). Such as Drivers license, passport, australian medicare cared etc.
  • If refinancing, copies of last 6 months most recent bank statements.
  • Receipt of independent legal advice, confirming borrowers fully understand terms, conditions and obligations of the loan and the mortgage.
  • Applicant to obtain a current copy of their credit history report from their home country
  • Evidence of sufficient funds to complete transaction held in an Australian bank account in the name of the applicant
  • Receipt of translator certificate for applicant confirming they have read and understood the transaction documents.
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