New property acquired off the plan (before construction commences or during the construction period) or after construction has been completed are normally approved where the property:

has not previously been sold (that is, they are purchased from the developer); and
has not been occupied for more than 12 months.

There are no restrictions on the number of such dwellings [...]

The Australian Government has announced changes for foreign persons purchasing property in Australia. The primary goal of these new Foreign Investment Review Board (FIRB) laws is to make sure that foreign investment in residential real estate increases the supply of dwellings and that it is not speculative in nature. The policy aims to direct foreign [...]