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posts from 2015
Property Laws in Australia
January 16, 2016
![Australia-property-law Property Laws in Australia](https://i0.wp.com/researchpropertygroup.com/wp-content/uploads/2016/01/Australia-property-law.png?fit=200%2C122&ssl=1)
The Australian Government (based in Canberra, Australia’s capital city) is aware of the fact that some of Australia’s citizens are cautious about foreign individuals or companies buying residential real estate (defined as all Australian real property, including vacant land). It wants to ensure that the foreign real estate ownership it does allow is of benefit to the community and in keeping with the community needs. Therefore, the Australian Government insists that all applications from foreign citizens or companies to buy residential real estate (either already developed – such as houses and apartments – to be developed, to be redeveloped or existing only at plan stage) are put before the Foreign Investment Review Board (FIRB), one of its advisory boards.