Can Overseas Buyers Buy Property in Australia?
Owning a property in Australia has become a popular choice for global investors, reflecting a broader trend in international property investments. So, if you’re asking, “Can overseas buyers buy property in Australia?” The short answer is yes, but with conditions and strict requirements.
In this blog, U Buyers Agents will uncover how foreign buyers can purchase a property in Australia. We will also clarify several misconceptions and help you choose the best agent for your next property transaction.
How Overseas Buyers Buy Property in Australia
According to the Australian Government, overseas buyers have the right to buy and own an Australian property. However, from 1 April 2025 to 31 March 2027, foreign persons are banned from purchasing established dwellings in Australia (limited exceptions apply). However, foreign buyers can still apply for approval to purchase vacant land or new dwellings.
Depending on your visa status and whether you’re considered a foreign person under Australian law, the rules above may vary.
A foreign buyer includes:
Non-residents
Temporary visa holders
Certain entities or trusts with significant foreign ownership
Generally, a non-Australian resident buying property will need government approval before proceeding.
FIRB Approval: What Foreign Buyers Must Know
All property purchases by foreign buyers require approval from the Foreign Investment Review Board (FIRB), according to the Australian Taxation Office (ATO). This approval ensures foreign investment supports new housing supply and benefits the Australian economy. When it comes to legal documents and processes, consider hiring a local buyer’s agent to guide you expertly and help you get rid of the headaches.
From 1 April 2025, the types of residential property that a foreign person can buy in Australia include:
New or off-the-plan properties: Usually allowed.
Vacant residential land: Allowed if the buyer develops it within a set timeframe.
Established (second-hand) homes: Usually not allowed unless buying for redevelopment or if the buyer is a temporary resident intending to live in it.
Specific Exception: Established dwellings for foreign companies providing housing for workers in the Pacific Australia Labour Mobility scheme.
Restricted: Existing residential homes are usually not allowed.
Buying as a Temporary Resident
While holding a temporary visa in Australia (such as a student or work visa holder), foreigners can buy property to live in, provided they obtain approval from the Foreign Investment Review Board (FIRB). Temporary residents are given more flexibility than non-residents, but there are still important conditions to follow.
Important Conditions
You must live in the established home you purchase; it cannot be rented out or used for investment purposes.
Once you leave Australia or your temporary visa expires, you will generally need to sell the established property, unless you’ve secured permanent residency by then.
If you purchase a new property, you may have more freedom to keep it as an investment even after your visa changes, subject to FIRB rules at the time.
Buying as a Non-Resident (Living Overseas)
If you’re a non-Australian resident, buying property in Australia has more restrictions that might be challenging. As mentioned, you can generally only purchase:
New dwellings
Off-the-plan properties
Vacant land (with conditions)
You cannot buy established housing purely for investment. It would be more beneficial to hold a temporary residence visa before purchasing a property in Australia. That way, you will have more choices of residential types.
Using an International Buyer’s Agent
Buying from overseas can be complicated, especially when navigating FIRB rules, taxes, and local regulations. An international buyer’s agent can assist with:
Shortlisting suitable properties
Negotiating prices
Conducting due diligence
Coordinating with legal and financial professionals
Ensuring compliance with FIRB and state-based taxes
This is especially helpful if you’re investing from abroad and don’t have the time or the ability to inspect properties in person.
Extra Costs Foreign Buyers Should Know
Foreign buyers may face additional taxes, including:
FIRB application fees
Foreign Buyer Stamp Duty Surcharge (varies by state)
Land tax surcharges
These vary significantly across Australia, so it’s important to check state-specific rules before making a purchase.
Why Australia Remains Popular with Overseas Buyers
Despite the regulations, Australia continues to attract global investors because of:
Stable economy
Strong property market
High rental demand
Reputation for safety and lifestyle
Transparent legal system
For many, the benefits outweigh the additional costs and compliance requirements. That’s why many overseas buyers are still targeting the Australian property market.
Ready to Buy a Property in Australia?
So, can overseas buyers buy property in Australia?
Absolutely, but with rules and approval processes depending on your residency status and the type of property.
If you’re a foreign buyer of Australian property or a non-Australian resident buying property, partnering with an international buyer’s agent and staying informed about FIRB requirements can make the process smooth and successful.
At U Buyers Agents, we specialise in representing buyers and maximising their benefits. If you’re ready to level the playing field and gain a competitive edge in the Brisbane property market, contact us today.