How to Own a Home in Australia?

As of 2026, Australia remains one of the most attractive real estate markets not only in the Asia-Pacific region but globally, thanks to its stable economy and transparent legal framework. However, not everyone takes the time to research the policies, laws, and procedures for owning property before making a decision — leading to hesitation and missed “golden” investment opportunities.

What is FIRB?

Before exploring the home-buying process in Australia, it’s important to understand what FIRB is and its role. The Foreign Investment Review Board (FIRB) is an advisory body of the Australian government responsible for reviewing and approving foreign investment proposals, including property purchases. Most non-residents or non-citizens/non-permanent residents of Australia (including visa holders) are required to apply for FIRB approval before completing a property transaction.

Since 2021, the fee structure and review process have been significantly tightened, reflecting policies that prioritize housing for local residents and control speculative foreign capital. Fees are based on the value of the property:

In addition to FIRB fees, non-citizen buyers are also subject to additional state-specific property surcharges such as stamp duty and transfer fees.

Who is Allowed to Buy?

In Australia, foreign property ownership rights are divided by category, each with different regulations. Permanent residents (PR) may purchase property freely without FIRB approval and enjoy rights nearly equivalent to Australian citizens.

Temporary visa holders are permitted to buy a home for personal use during their stay in Australia, but must sell the property when their visa expires or when they leave the country. Non-residents, on the other hand, may only purchase newly built properties or vacant land for development purposes, and must obtain FIRB approval before any transaction.

From April 1, 2025 to March 31, 2027, the government introduced new rules strictly prohibiting foreigners from purchasing established (pre-owned) dwellings — whether for residence or settlement. Foreign buyers are only permitted to purchase completed new dwellings that have not had a previous owner, off-the-plan properties, or vacant land — provided that construction begins within 4 years from the date of purchase approval.

(“Newly built property” is defined as property that has never previously been sold or occupied. Off-plan apartments not yet completed also qualify as new properties.)

What to Prepare Before Buying?

Similar to the process in Vietnam, purchasing property in Australia involves necessary steps to ensure the transaction is smooth and legally compliant.

First, before making a purchase decision, investors must confirm that the property they are considering falls within the categories permitted under government regulations. They should also clarify their budget and purpose of ownership in order to select the right location and property type.

Next, it is advisable to engage a reputable real estate agent and a lawyer to assist with subsequent steps before placing a deposit — especially if you are not currently living in Australia. The agent acts as an advisor, helping clients explore projects, arrange property viewings, and connect with developers. The lawyer handles all legal matters related to the property to ensure the process runs smoothly and lawfully.

The investor then proceeds to apply for property purchase approval from the FIRB and pays the applicable fee. The standard review period is 40 days from the date of submission. Once approved, the investor may proceed to sign the sales contract, pay the required taxes and fees, and make payments according to the schedule agreed upon with the developer.

Finally, once full payment is completed, the property can be registered at the Land Registry Office, certifying the investor’s ownership and making them the legal owner.

Check it out how to buy real estate in Australia in here:

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