Foreign Investment Review Board (FIRB)

If you are non-resident in Australia and not an Australian citizen you will generally require the pre-approval of the Foreign Investment Review Board. It is the responsibility of the purchaser to inquire if any approval is required.

Please refer to your Solicitor or the FIRB web site for further clarification. In particular the following locations are of particular use and . Also of interest is , although this last one is more for those with an interest in development.

The following is an indicative overview of the current position – though you should receive advice on your specific situation from a solicitor before proceeding;

Non-Residential Commercial Property • No approval required for purchase of non-residential commercial property of an amount not exceeding $50,000,000.

Residential Property • Formal approval required for any purchase of residential property whether this is vacant land or a dwelling.

Applications to purchase are processed free of charge by the FIRB and can be downloaded from their web site. Processing your request can take anywhere 10 to 21 days.


Print Friendly, PDF & Email
WE DON'T CHARGE YOU because the banks pay us commission but you get the same or even better deal and better service
Provide some contact information and brief background and we will be in touch shortly - or if you are in a hurry call us now.