I would like to loan money to my family for a house in Perth. I know I cannot buy it and put it into my name being a foreigner under oz law. Therefore I would have to give the money to my family to purchase a house in their name. This is the dilema, is there a way I can do a legal charge on the house if they do not have a mortgage, to give me security of my loan?

Have you taken a look at the Foreign Investment Review Board (FIRB)web site?

I would have thought that you would be able to buy a house as an investment and then "rent" it out to your family.

I have a friend who lives in London who bought some land in Mandurah, built a house on it and now rents it out.

He is a UK citizen and has no visa allowing him to live in Oz.

So I see no reason why you could not do the same as Paddy has suggested.

thank you both for your replies. Yes I believe I could do both things you mentioned, as in buy land or new build and rent to family. But this is not what we want to do. My family wish to repair and do up an old house/dated property,and resell hoping to make a profit and improve themselves along the way. Hence the question is there any way I can lend them money with some security on it.