2026 FIRB Policy Overview
The Australian Foreign Investment Review Board (FIRB) oversees applications by overseas buyers to purchase residential property. For 2026, the policy continues to require foreign buyers to obtain approval before buying a home. This guide explains the application fee, the approval flow, and the reasons why an application may be declined.
Application Fees
Applicants must pay an application fee when submitting a FIRB application. The fee amount is set by the Australian government and applies to most foreign purchase applications. Fees are non-refundable, even if the application is rejected. Check the official FIRB fee schedule for the current amount, as it may be adjusted each year.
Approval Process
The process begins with submitting a completed application and the required fee. FIRB then assesses the application against Australia’s foreign investment framework. This includes reviewing the type of property, the applicant’s visa or residency status, and whether the purchase aligns with national interest. Most applications are decided within the statutory timeframe, but complex cases may take longer. Once approved, the applicant receives a conditional approval that must be exercised within a specified period.
Common Reasons for Rejection
Applications are typically rejected when the purchase would violate the foreign investment rules. Common reasons include:
- The buyer is not an Australian citizen, permanent resident, or New Zealand citizen with a special visa category, and fails to obtain the necessary exemption.
- The property is not a new dwelling, or the buyer intends to rent it out instead of living in it as required.
- The purchase is deemed contrary to the national interest, for example, due to concerns about competition or security.
- The application is incomplete or the fee is not paid in full.
Practical Tips
To improve your chances, start your application well before your planned settlement date. Ensure all documents are accurate and complete. If you are buying through a representative, confirm they have experience with FIRB applications. Also, be aware that FIRB approval is separate from your home loan approval, so coordinate both timelines with your lender.
For detailed guidance on financing your Australian property purchase, see our 2026 Australia Home Loan and Property Financing Guide.