Monday, 23 September 2013

FIRB RULE foreigners may only acquire established dwellings for the purpose of redevelopment.So demolish what ever they buy and build.

FIRB RULE foreigners may only acquire established dwellings for the purpose of redevelopment.So demolish what ever they buy and build.

If you are from overseas and want to find out how this is possible email me.

How do I thinkpropertyjason make this work for me ?

I have to thank my years of education and action with the help of Knowledge Source that has given me this oportunity now to make this happen. 

I plan to develop properties in areas that need more density.

My buyer are overseas buyers who wants me to source them a good redevelopment property and develop that site for them to meet the rule. They want to buy something that adds at least 20-30% profit and keep or just rent out positive geared. 

I am educated and have experience and the know how. I am a capable Project Manager with over 5 Developments underway.

Some of these developments are bought with Chines overseas buyers and meet the FIRB. 

We find the property for them which makes an excellent profit or excellent equity boost. 

We find them the right development site with the best resale or revalue. I will be doing a JV with them as the worker and developing their property for them. They have to demolish the property which is fine because it is a high density designated area and they make more money from a redevelopment. 

If this interests you too don't hold back. In the last five years I have educated myself through project after project and had Knowledge Source mentors the whole time. Contact Knowlegde Source, get educated. The future is possible. Its not money you need. You need eduction. 

"The FIRB requires foreign buyers to demolish existing habitable dwellings and replace them with multiple dwellings as redevelopment does not include refurbishment of an existing dwelling. Read example below.

Chinese family buy $1.4 million Sunnybank QLD home for student son but will have to demolish it.

$1.4m student pad to be bulldozed
The Sunnybank home which has been bought by a Chinese family for $1.4million for their student son. Source: Supplied
A CHINESE family has paid $1.4 million for a Sunnybank home for their student son - but will have to demolish it.
In an increasing market trend, Asian buyers are parting with millions of dollars to buy properties for their children studying in Australia.
A Sunnybank home on a 1620sq m double block sold under the hammer for $1.4 million on August 31, with the Chinese bidders buying the property sight unseen for their 23-year-old son Kai Shen who studies in Australia.



The $1.4 million Sunnybank home bought by a Chinese family for their student son



The $1.4 million Sunnybank home bought by a Chinese family for their student son
According to LJ Hooker Sunnybank Hills agent Owen Chen, the son's parents in China bid for 6 Selvage St over the phone.
Mr Chen said five out of 10 Asian buyers bought homes for teen students studying overseas.
"These parents are also preparing for the future and a time when they can retire to Australia and live in the same homes their children have moved out from," he said.


As Kai Shen and his parents aren't Australian citizens and 6 Selvage St isn't a new home, they will need to demolish it and rebuild.
Dave Platter of Juwai.com, which offers property listings, market analysis and property buying guides to Chinese-speaking consumers around the world, said these regulations ensured international buyers added to the housing stock in Australia, which benefited everyone.


"The FIRB requires foreign buyers to demolish existing habitable dwellings and replace them with multiple dwellings as redevelopment does not include refurbishment of an existing dwelling," he said.
Mr Platter said he was unsurprised by the impressive, sight unseen sale of 6 Selvage St.
"Buying homes for teenagers studying in Australia is a big motivator for Asian buyers," Mr Platter said.
"About 18 per cent or one fifth of such buyers buy overseas homes purely for education-based reasons.
"This might seem unusual to Australians but for Asians, it's perfectly normal as education is very important to them.
"China is also currently the largest source of international students in Australia with Chinese students making up 20 per cent of all international enrolments."
Mr Chen said Mr Shen and his parents were not the only people keen to buy the two-level, four-bedroom home which included a patio, fireplace, bar and quiet, leafy surrounds.
"There were 33 registered bidders at the auction and a crowd of more than 100 people attended the event," Mr Chen said.
"Ninety-seven groups of people also inspected the home during the four-week marketing campaign.
"One reason for the home's popularity was its very large block - there are not many left in this area of this size."
Mr Shen, who is studying international business at Griffith University, has lived in Australia for seven years.
"I went to high school on the Gold Coast then moved to Brisbane," he said.
"I am the only one of my family here but my parents visit every year."
Mr Chen said the home's vendors plan to return to Hong Kong to live.
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