Apartment – Melbourne Square 2

Yes. Vietnamese international students have the right to buy and own property

Buying a house is a milestone in the residency process, demonstrating your financial capability for the government to trust your residency application. However, along with that, you need to show a willingness to contribute to the country through specific skills in a profession or business, or by creating employment opportunities for citizens. You also need to meet certain characteristics of Australian citizens such as English proficiency and understanding of Australian history, etc. Buying a house is one of the favorable conditions for residency but not the sole requirement.

Both of the following groups are eligible for home loans: Vietnamese citizens. Foreigners or Vietnamese citizens without nationality.

The loan amount depends on the individual and the support from the bank, ranging from 60% to 80% of the property value. The maximum loan amount is $2 million Australian dollars, with a maximum term of 25 years. There are no penalties for prepayment

The FIRB (Foreign Investment Review Board) fee is a type of fee applied to investments from foreigners in Australian real estate. Specifically, foreigners are required to pay a FIRB fee when placing a deposit or purchasing a property in Australia. This fee typically increases with the value of the property and its intended use. Generally, FIRB utilizes a fee schedule based on the property value and type (such as residential, land, business, etc.). The FIRB fee aims to control and ensure that investments from foreigners do not have significant impacts on the Australian real estate market and national interests. For specific information on fee rates, it is advisable to check the current FIRB regulations and fee schedule published on the FIRB website.