FIRB approval: who needs it and what it covers
If you are a foreign buyer, you generally need to apply to the Foreign Investment Review Board (FIRB) for approval before purchasing residential property in Australia. The rules set out in 2026 specify the types of properties that require approval and the conditions that apply.
Application fees for 2026
FIRB charges an application fee for each residential property purchase application. The fee amount depends on the value of the property you intend to buy. You must pay the fee when you submit your application, and the application is not considered complete until the fee is received.
The approval process step by step
- Prepare your application with supporting documents, including proof of identity and details of the property.
- Submit the application online through the FIRB portal and pay the required fee.
- FIRB reviews your application and may request more information or impose conditions.
- You will receive a decision within a statutory timeframe, though complex cases may take longer.
- If approved, you must comply with any conditions attached to the approval, such as the requirement to live in the property if it is a new dwelling.
Common reasons for refusal
Applications are commonly refused for reasons such as:
- The property is not a new dwelling and the buyer does not meet the exemption criteria.
- The purchase would increase housing supply in a way that is not consistent with Australia’s national interest.
- The buyer has not provided sufficient evidence of their identity or funds.
- The proposed purchase is contrary to the government’s foreign investment policy.
It is important to note that each application is assessed on its individual merits, and the final decision rests with the Treasurer. If you are unsure about your eligibility or the requirements, seek professional advice before submitting your application.