Can foreigners buy property in Australia?

Foreign buyers usually restricted to new dwellings, subject to approval

Does buying property in Australia give residency?

No direct property-based residency

Asia-Pacific

Education-driven demand with a formal foreign-buyer approval process.

Popular with Indian families whose children study in Sydney or Melbourne. Foreign buyers generally purchase new dwellings with prior approval.

Where we look: Sydney · Melbourne · Brisbane · Perth
Entry level: AUD 1.2M for quality metro apartments
Rental yield: 3–4% gross
Foreign ownership: Foreign buyers usually restricted to new dwellings, subject to approval
Residency: No direct property-based residency
Taxes: Foreign-buyer surcharges apply in most states, plus annual land tax
Watch out for: Surcharges vary by state and change with budgets — price them in early.

Also in Asia-Pacific

Asia's most transparent market — for preservation, not for yield.

High-yield villa market with year-round tourism demand.

Beachfront and branded resort residences at accessible entry points.