FOREIGN INVESTMENT REVIEW BOARD
Foreign Investment Review Board (FIRB) is an Australian Government Department that assesses applications from foreigners who would like to invest or buy a property in Australia.
In general, Temporary Resident or a Foreign Investor in Australia are required to seek approval from FIRB before investing or buying a property in Australia. However, there are exceptions for this requirement for some investment activities by Foreign Citizens.
Australian citizen, Australian permanent resident, New Zealand Citizen do not require FIRB approval for investing or buying a property in Australia.