1. Are international students allowed to buy property in Australia?
The short answer is YES, but with restrictions. According to the Foreign Investment Review Board (FIRB), international students and foreigners who do not hold Australian PR or citizenship can only buy certain types of properties:
- New dwellings – properties that have never been occupied.
- Vacant land – but construction must commence within a set period.
- Established dwellings (second-hand homes) – not permitted unless sold once the study period ends.
These regulations aim to protect the local housing market while still encouraging foreign investment.
2. The process of buying a home as an international student
To purchase a property, students need to:
- Apply for FIRB approval (online application with fees).
- Secure finance: most students rely on parental support or co-borrowing with parents.
- Complete legal procedures: contracts, settlement, stamp duty, and additional costs.
💡 Good news about home loans for students:
Not only can international students buy property, but they may also be able to apply for home loans with rates similar to locals.
Conditions to get a home loan as an international student in Australia:
- Must hold a valid student visa.
- Often requires parents as guarantors or co-borrowers, usually with stable income or assets in Australia/Vietnam.
- Lenders usually accept applications if the student is over 18 years old.
- Deposit requirement: most banks require at least 20–30% of the property value as upfront payment.
- Loan-to-value ratio (LVR) typically ranges from 70%–80%.
- Must provide proof of funds for living expenses alongside loan repayment ability.
👉 Parents often co-own the property with their children to increase borrowing capacity.
👉 Once the student visa ends, the property may need to be sold if PR is not obtained.
3. Why many Vietnamese parents buy homes for their children studying in Australia
- Save on rental costs: Instead of paying AUD 15,000–25,000 annually, owning a home provides stability.
- Secure accommodation: No risk of sudden lease changes, offering peace of mind.
- Investment growth: Australian real estate has historically shown steady long-term value growth.
- Family asset: Even after graduation, the property can be rented out or sold for profit.
4. Expert advice from NICH Real Estate
- Always check FIRB requirements before making a purchase.
- Choose new properties or apartments close to universities for convenience and rental potential.
- Work with a professional real estate agency for assistance with legal, financial, and property management matters.
👉 At NICH Real Estate, we have successfully assisted many Vietnamese families in finding the right property in South Australia, balancing both lifestyle needs and long-term investment goals.
