Sold on Property offers a large range of high quality, excellent value FIRB approved properties in high growth areas for foreign investors wanting to venture into the Australian property market.

While property markets around the world have fluctuated dramatically in recent times, Australian residential real estate has continued to consistently perform extremely well. The Australian Government welcomes foreign investors into the local property market, but restricts purchases in most cases to new and "off the plan" developments.

At Sold on Property we thoroughly research and investigate hundreds of new and off the plan developments from all over Australia, but we only list the ones that are well suited for foreign investors in terms of value, quality and investment return opportunities.

Our team of property specialists compiles thorough and detailed reports containing information on development specifications, floor plans, schedule of finishes, surrounding areas, local facilities, maps, historical capital growth performance, future prospects, valuation information, costs and risk analysis. This allows local and foreign investors to make educated and informed decisions without having to conduct hours of research or make expensive trips to various sites before making an investment property purchase.

Australia's Foreign Investment Policy and the Foreign Acquisitions and Takeovers Act 1975 place certain restrictions and requirements on foreign interests acquiring assets in Australia. Overall, foreign investment, which is consistent with the needs of the Australian community, is encouraged.

The duty of the Foreign Investment Review Board is to review proposals by foreign interests to undertake direct investment in Australia and makes recommendations to the Government on whether those proposals are suitable for approval under the Government's policy.

• to examine proposals by foreign interests for investment in Australia and, against the background of the Government's foreign investment policy, to make recommendations to the Government on those proposals;
• to advise the Government on foreign investment matters generally;
• to foster an awareness and understanding, both in Australia and abroad, of the Government's foreign investment policy;
• to provide guidance, where necessary, to foreign investors so that their proposals may be in conformity with the policy; and
• to monitor and ensure compliance with foreign investment policy.

All contracts by foreign persons to acquire interests in Australian real estate must be made conditional upon foreign investment approval, unless approval was obtained prior to entering into the contract.

Most applications for approval to purchase Residential Real Estate by individuals can be made by downloading an R3 Form and a Section 26A Notice, available at the bottom of this page. Both of these forms should be filled out and returned to the Foreign Investment Review Board with all relevant documents attached either by email to firbapplications@treasury.gov.au or faxed to (02) 6263 2940.