What is the 200 day rule in Australia?

The 200-Day Rule in Australia

When you are looking into buying property down under, navigating residency requirements can get a bit tricky. One major detail to keep in mind is what is commonly known as the 200-day rule.

Even if you hold a permanent residency visa, the Australian government looks closely at your actual physical presence in the country. Specifically, you are considered a foreign person for property purchase purposes if you have not lived in Australia for a total of at least 200 days during the 365-day period right before signing the property contract.

This rule catches many people off guard because visa status does not automatically grant local buyer status under this specific guideline. It is all about how much time you actually spend residing in the country leading up to your investment.