If you are a foreign person planning to invest in or purchase Australian residential, agricultural or commercial land, or certain mining tenements, you may need to apply for foreign investment approval.
Residential land
Foreign persons generally require foreign investment approval before acquiring an interest in residential land, regardless of its value.
For more information, refer to Residential real estate.
Agricultural land
Foreign persons generally require foreign investment approval before acquiring an interest in agricultural land, where the cumulative value of their agricultural land holdings exceeds (or would exceed with the proposed investment) $15 million.
Commercial land
Foreign persons generally require foreign investment approval before acquiring an interest in commercial land, where the value of that investment is above a certain monetary threshold.
Mining
Foreign persons generally require foreign investment approval before acquiring an interest in a tenement or the underlying land used to carry on a mining operation.
Guidance notes
A series of guidance notes have been developed to assist investors with understanding their obligations under Australia’s foreign investment review framework.
For land investors, the following guidance notes may be of particular interest: