Fees and Taxes For Foreign Residential Investors
When purchasing property in Australia, foreigners are required to pay certain fees and taxes as mandated by the Federal Government. However, there have been recent updates to these tax and fee regulations. Let’s explore the latest details with My Australian Property.
Fees for Residential Properties
The FIRB (Foreign Investment Review Board) fees for purchasing residential properties between July 1, 2024, and June 30, 2025, are as follows:
| Amount | Fee per action |
| Under $75,000 | $12,900 |
| $1,000,000 or less | $44,100 |
| $2,000,000 or less | $88,500 |
| $3,000,000 or less | $177,000 |
| $4,000,000 or less | $265,500 |
| $5,000,000 or less | $354,000 |
| More than $40,000,000 | $3,514,800 |
Fees for New Properties and Vacant Residential Land
The FIRB fees for foreigners purchasing new properties or vacant residential land between July 1, 2024, and June 30, 2025, are outlined below:
| Amount | Fee per action |
| Under $75,000 | $4,300 |
| $1,000,000 or less | $14,700 |
| $2,000,000 or less | $29,500 |
| $3,000,000 or less | $59,000 |
| $4,000,000 or less | $88,500 |
| $5,000,000 or less | $118,000 |
| More than $40,000,000 | $1,171,600 |
Annual Vacancy Fees
Vacancy fees apply when a property remains unoccupied or is not rented out for 183 days (approximately 6 months) or more within a year. Failing to submit annual reports may also incur this fee. The vacancy fee is calculated based on the FIRB investment application fee. Notably, this fee will double starting April 9, 2024. For more information on vacancy fees, click here.
In addition to the fees mentioned above, foreigners purchasing Australian property must also cover other one-time costs such as legal fees, stamp duty, and more.
Source: ATO, 2024. Fees for foreign residential investors
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