FIRB Guide

The Foreign Investment Review Board (FIRB) is an Australian Government body that reviews foreign investment proposals. If you're a foreign person (including temporary visa holders), you generally need FIRB approval before purchasing residential real estate in Australia.

You typically need FIRB approval if you are: • A foreign national who is not a permanent resident • A temporary visa holder (including student visas) • A foreign-owned company • Purchasing on behalf of a foreign beneficiary Australian citizens and permanent residents are generally exempt from FIRB requirements.

Foreign investors face restrictions on the types of property they can purchase: • New dwellings: Generally approved (increases housing supply) • Vacant land: Approved with conditions (must build within 4 years) • Established dwellings: Generally prohibited (with some exceptions) • Off-the-plan: Developers may sell up to 100% to foreign buyers Temporary residents may purchase one established dwelling for use as their residence.

FIRB fees are based on the property value: • Up to $1 million: $14,700 • $1 million to $2 million: $29,400 • $2 million to $3 million: $58,800 • $3 million to $4 million: $73,500 • $4 million to $5 million: $88,200 • Over $5 million: Fee increases progressively Note: Fees are subject to change. Current as of January 2026.

The FIRB application process typically takes: • Standard applications: 30 days • Complex applications: Up to 90 days We recommend applying for FIRB approval before making an offer on a property, or ensuring your purchase contract includes a FIRB approval condition. Tip: Begin your application early to avoid delays in settlement.