Australian Property News

FIRB Extends Ban on Foreign Established Dwelling Purchases

By Ravs Realtors · 8 August 2026 · 1 min read · Source: Ravs
Photo: Queensland State Archives / flickr · Public Domain

The temporary ban preventing foreign persons from buying established dwellings in Australia, initially set to expire in March 2027, has been extended by two years to June 2029. This policy aims to prioritize housing availability for Australian residents.

This extended ban means fewer foreign investors will compete for existing homes in Melbourne's western growth corridor. This could potentially ease demand and create more opportunities for local buyers and developers focusing on new builds.

Summarised by Ravs Realtors from reporting by Ravs.

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