Buying in Australia from overseas: new and off the plan is the way in
Until 30 June 2029, foreign buyers can't purchase established homes in Australia. New and off-the-plan homes remain open with FIRB approval — which makes them the main route into the Australian residential market for overseas buyers.
The rule in 2026
Foreign persons — including temporary residents and foreign-owned companies — are banned from buying established dwellings in Australia until 30 June 2029, with limited exceptions. The ban doesn't extend to new dwellings: homes bought off the plan, newly built homes and house and land packages can still be purchased with approval from the Foreign Investment Review Board (FIRB).
How buying off the plan works for a foreign buyer
- FIRB approval is required before (or as a condition of) buying. Application fees are set by the government and scale with the price.
- State foreign purchaser duty — an additional stamp duty surcharge — applies in every state, on top of standard duty. Rates vary by state.
- In our listings, properties tagged FIRB are ones marketed to overseas buyers. Ask us about the approval position for any property you're considering.
Why it suits overseas buyers
Buying off the plan lets you secure a new home at today's price with a deposit, while it is built — often over a year or more — before settlement. You get a brand-new, low-maintenance home from day one, in the one part of the market that remains fully open to you.
Sources: ATO — foreign purchases of established dwellings; Foreign Investment Review Board.
Common questions
Can foreigners buy property in Australia in 2026?
Yes, but not established homes: foreign persons are banned from buying established dwellings until 30 June 2029. New and off-the-plan homes remain available with FIRB approval.
Can temporary residents buy off the plan?
Yes. The ban covers established dwellings; temporary residents can still apply for approval to buy new dwellings, including off-the-plan homes, and vacant land.
Do foreign buyers pay extra stamp duty?
Yes. Every state charges an additional foreign purchaser duty on top of standard stamp duty. Rates vary by state.
General information, current at the date above. Grants, concessions and tax rules have eligibility conditions this page summarises; it isn't personal tax, legal or financial advice. Confirm your eligibility with the relevant government agency, your lender or your accountant before you rely on it.