The Government welcomes real estate investment by foreign persons and foreign companies. It has helped build Australia’s economy and will continue to enhance the wellbeing of Australians by supporting economic growth and prosperity.
Foreign investment brings many benefits. It supports existing jobs and creates new jobs, it encourages innovation, it introduces new technologies and skills, it brings access to overseas markets and it promotes competition amongst our industries.
The Government reviews foreign investment proposals against the national interest case-by-case. They prefer this flexible approach to hard and fast rules. Rigid laws that prohibit a class of investments too often also stop valuable investments. The case-by-case approach maximises investment flows, while protecting Australia’s interests.
If you are applying to purchase residential real estate, you must submit an application through the FIRB online system.
For business proposals or applications for real estate other than residential, email is the preferred channel.
For more information visit Foreign Investment Review Board.
For all your property legal requirements contact:
Aldren Conveyancing Services – Northern Beaches
Phone: (02) 9984 8840
Fax: (02) 9984 8850
Mobile: 0422 011 434