Yes, foreign investors can generally buy commercial property in Australia. However, there are some regulations and restrictions that apply to foreign investment in Australian property.
The Australian government regulates foreign investment in Australian property through the Foreign Investment Review Board (FIRB). The FIRB assesses proposals by foreign investors to determine if they are in the national interest. Generally, foreign investors are required to seek FIRB approval before purchasing commercial property in Australia.
The specific rules and restrictions for foreign investment in commercial property vary depending on the type of property and the investor’s country of origin.