Unlike Australia, France allows foreigners to purchase established houses without restriction. These properties are generally cheaper than properties in Australia with many ready to move into for sale for under $100,000 AUD.
Many Australians, including us three times now, have done it. French banks will also lend foreigners money to purchase houses at much cheaper interest rates than here, subject to lending criteria. There is also the added advantage that foreign properties can now be negatively geared here against Australian income to make it easier to become an owner of a house in France but often this is not needed as properties can easily be positively geared.
To help you own property in France, we:
Read about our experiences buying French property and overseas buying (and us) in the AFR (Australian Financial Review) as well as the recent article in the Australian.
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You can also see our holiday rental houses in France
NOTE: Owning property in France does not let you live there permanently, standard residency/visa rules apply. For stays longer than 90 days for non-EU citizens, visas are required - French embassy site.