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Hi guys, Does anyone have any experience buying or building a new property on a 489 visa? Is this at all allowed? Basically, we are selling our house in SA and would like to invest the money we will get for our house, in our own property. Is this at all possible? I've heard that as long as you buy a new property, you will be fine. At the same time I wonder how would anyone give you a 70% bond (for example) if you don't have a job waiting for you. Many thanks for any advice
To compare building to buying, is like six of the one and a half a dozen of the other. Buying: You walk in, you check it all outYou decide you like itThe gardens are good and you are happy with the placeYou make an offer on condition that a building/surveyor report (that you pay for) has a positive resultYou will be paying stamp duty on the price of the propertyIn Australia the money changes hands on the day that the sale officially goes through.. registration will happen at some later date.It is highly unlikely that you can move into the property before the official sale date, have never hea