Hi,
I’m a foreigner living in Australia and have been on various visas for the past eight years. Currently, I’m on a bridging visa while awaiting my Partner Visa (subclass 820), and I have no work or travel restrictions.
My husband, an Australian citizen by birth, and I are in the process of jointly purchasing an established dwelling. Due to his casual employment status, he couldn’t secure a mortgage on his own, but since I have a full-time job, the bank approved our mortgage primarily based on my income. We signed the Contract of Sale on March 24, 2025.
I have two questions:
1) Do I need to apply for Foreign Investment Review Board (FIRB) approval?
From my research, it seems that a joint purchase with an Australian citizen does not require FIRB approval, but I would appreciate confirmation.
2) I recently learned that, as of April 1, 2025, foreign residents can no longer purchase established dwellings.
Does this new law affect my purchase in any way, considering we signed the contract before the law came into effect?
Thank you in advance for your help!
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