Real Estate News

Stronger foreign investment regime comes into force

New application fees

Applicants will pay a fee before their foreign investment application is processed. The fees apply for each application. If an application falls into a number of categories, the category with the highest fee would apply.

 

Type of investment

Property valued $1 million or less

Property valued over $1 million


New dwelling exemption certificates

Fee

$5,000

$10,000 then $10,000 incremental fee increase per additional $1 million in property value.

$25,000 upfront, with a reconciliation of properties sold to foreign persons based on above rates.

 

For more information:

http://firb.gov.au/files/2015/09/FIRB_fact_sheet_residential.pdf

http://firb.gov.au/applications/fees/