Above what purchase price does a foreign person need foreign investment approval to buy residential land in Australia?
Correct Answer
A) $0 — every purchase needs approval
Under the Foreign Acquisitions and Takeovers Act 1975, the monetary threshold for a foreign person acquiring an interest in residential land is nil, so approval is needed whatever the price. What a foreign person may buy depends on the property type: new dwellings and vacant land for development are generally approved, while a temporary ban on buying established dwellings has applied since 1 April 2025, subject to limited exceptions.
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