FIRB Rules Restrict Foreigners to New Dwellings
By Ravs Realtors · 14 September 2026 · 1 min read · Source: Taxesforexpats
Foreign persons typically require Foreign Investment Review Board (FIRB) approval to buy residential property in Australia, with current rules largely restricting them to new dwellings, off-the-plan properties, and vacant land for development.
This policy aims to prioritize local buyers for established homes. In Melbourne's western growth corridor, this means foreign investors will likely focus on new developments, potentially boosting demand for new housing projects in the area.
Summarised by Ravs Realtors from reporting by Taxesforexpats.
