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Overseas Buyers Guide to Australia's 2026 FIRB Rules

Learn about Australia's FIRB rules for foreign buyers in 2026, including application fees, approval timeline, and common rejection reasons.

Editorial · September 3, 2026

What Is FIRB Approval for Overseas Buyers?

Foreign persons generally need approval from the Foreign Investment Review Board (FIRB) before acquiring residential property in Australia. The rules apply to overseas buyers, including those purchasing as individuals, through companies, or as part of a joint venture. The approval process is designed to ensure that acquisitions align with Australia’s national interest.

FIRB Application Fees for 2026

As of 2026, the application fee for a residential property purchase depends on the value of the property. For properties valued at $1 million or less, the fee is $14,100. For properties valued above $1 million, the fee is $28,200. These fees apply to applications submitted by foreign persons. Note that the fees are non-refundable, even if the application is refused.

Overseas buyer looking at property in Australia

How Long Does FIRB Approval Take?

Most FIRB applications are processed within 30 days from the day the application is lodged. However, the board may request additional information, which can extend the decision period. It is advisable to allow extra time for potential delays when planning a property purchase.

What Are Common Reasons for FIRB Rejection?

FIRB can refuse an application for a variety of reasons. The most common reasons include:

Filling out FIRB application for property purchase

  • The acquisition would be contrary to Australia’s national interest.
  • The applicant has provided incorrect or misleading information.
  • The applicant has not complied with previous FIRB conditions or orders.
  • The property is not considered new or off-the-plan, unless specific conditions apply.

It is important to ensure that your application is complete and accurate to avoid delays or refusal.

How to Improve Your Chances of Approval

To increase the likelihood of a successful FIRB application, you should consider the following:

  • Provide all required documents and information truthfully.
  • Ensure that the property type meets the criteria for foreign investment (e.g., new dwellings are generally more likely to be approved).
  • Seek professional advice if you are uncertain about your eligibility or the application process.

While FIRB guidelines are complex, understanding the basic requirements can help you navigate the process more smoothly. Note that this article provides general information and is not financial or legal advice.