Foreign nationals residing in Western Australia on (temporary) working or student visas, are considered temporary residents and, as such, have wider choices when buying property. Temporary residents are entitled to buy an established home, although for primary residency purposes only, not as an investment.
If the temporary visa expires without being converted into a permanent residency, and the foreign national leaves Australia, the established property is not entitled to be kept as an investment property. In order to comply with FIRB rules, an established property that is purchased under a temporary visa has to be sold prior to the temporary resident leaving Australia. This rule does not apply to brand new properties, which are entitled to be kept once the temporary resident leaves Australia.
None of these rules apply to permanent residents.
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