The Treasurer has announced changes to Australia’s foreign investment review framework, effective from 10.30pm AEDT on Sunday 29 March 2020, relating to monetary thresholds and timeframes for reviewing applications. Details are available in our Guidance Note number 53, which addresses the effects of the changes. All material on this website should be read in light of the Treasurer’s announcement.

Insights into foreign purchases and sales of residential real estate

The first two Insights reports based on the Register of Foreign Ownership of Residential Land are now available on the FIRB website.

The Register, which is maintained by the Australian Taxation Office, has been established to provide greater transparency about levels of foreign investment in residential real estate in Australia.

Information has been extracted from the Register to provide insights into purchases and sales of residential real estate by foreign persons from 1 July 2017 to 30 June 2018 (2017‑18) and from 1 July 2018 to 30 June 2019 (2018‑19).

For further information, please contact FIRBATOCOMMS@ato.gov.au