Yes. However, whether or not you require foreign investment approval depends on what you wish to invest in.

Except in rare circumstances, acquisitions of residential real estate require prior foreign investment approval before the purchase can proceed. Certain acquisitions of commercial real estate also require prior foreign investment approval. Acquisitions of shares or other assets of businesses also require prior foreign investment approval in certain instances based on the size and type of investment.

For further information, you should refer to the Summary of Australia’s Foreign Investment Policy or Urban Land Policy documents on this website located under Policy Documents.