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.

← All insights

More in Australian Property News

15 October 2026 · 1 min read · via realestate.com.au

Victorian Government to Review Foreign Investor Property Taxes

The Victorian Labor government has pledged to review its Absentee Owner Surcharge and Foreign Purchaser Additional Duty if re-elected, aiming to address the state's housing crisis.

Read
15 October 2026 · 1 min read · via Domain

Luxury Rents Soar, Widening Australia's Rental Divide

Rents in Australia's most expensive suburbs have dramatically increased, with some tenants paying $60,000 more annually than five years ago, creating a significant rental divide.

Read
14 October 2026 · 1 min read · via Domain

RBA Considers Further Rate Hikes Amid Falling House Prices

The Reserve Bank of Australia is open to additional interest rate increases, prioritizing inflation control despite acknowledging a sharper-than-expected decline in house prices.

Read

Thinking of buying or selling? Talk to Rav.

Get in touch