Hi - have a query which I hope some of you can help with. My brother who lives in the US is looking to invest in residential property in Australia (given the state of the US market, thinks Australia is a better bet) He currently is an OZ perm resident and has to return to live here in 4 years to maintain his residency. Not sure at this stage whether they will move back to OZ or continue to live in the US. At present, know he can buy property in Australia. Once his perm OZ residency has lapsed, can he continue to hold property here ? What about selling ? Will he have to file a tax return here over the period that he holds property ? Will he be liable for CGT when he sells .. say in 10 - 15 years time ? How easy will it be for him to transfer funds (say the property will be positive cash flow in 3 - 4 years) out of Australia ? Any insights would be appreciated. Many thanks.