The Australian Government welcomes foreign investment. It has helped build Australia’s economy and will continue to enhance the wellbeing of Australians by supporting economic growth and prosperity. However, overseas buyers must seek approval from The Foreign Investment Review Board (FIRB) before purchasing real estate in Australia. There are a number of rules and requirements that apply to foreign investors.
The Foreign Investment Review Board (the FIRB) examines proposals by foreign persons to invest in Australia and makes recommendations to the Treasurer on those subject to the Foreign Acquisitions and Takeovers Act 1975 and Australia’s foreign investment policy.
Please seek legal advice and approval from The Foreign Investment Review Board before committing to any purchases.