Fees for foreign residential investors

New residential property fee amounts for established dwellings from 9 April From 9 April 2024, application fees for established dwellings have tripled. While we update our online systems, you will be contacted by a member of our staff after submitting your application to manually organise payment for the additional amount owed. The additional amount will be twice the amount already paid. For more information about the fee changes see Changes to the foreign investment framework.

When to pay a fee

You must pay a fee when submitting an application for foreign investment approval, including for an:

• approval to purchase a specific residential property (that is, a no objection notice)
• application for an exemption certificate to purchase a non-specified residential property
• application to vary an existing foreign investment approval (that is, a no objection notice or an exemption certificate).

Your fee covers our review of your application and are relevant for each application. Before we can consider your application, fees must be paid in full.

Fees also apply if you are liable for an annual vacancy fee.

There are limited circumstances where we grant a fee waiver or remission.

Residential property application fees

The same fee applies to applications for approval to purchase a specific property (a no objection notice) or an exemption certificate to purchase a non-specified property of the same type.

For residential property applications, the fee payable is generally based on the value of the property you are seeking to purchase and if it is an established dwelling.

Different fees apply if you are a property developer applying for a new or near new exemption certificate.

See how to work out application fees for:

• Residential property or exemption certificates
• Variations
• Tenants in common

Residential property or exemption certificates

1 July 2024 to 30 June 2025

Application fees for acquisitions in established dwellings from 1 July 2024 to 30 June 2025

Amount	Fee per action
Less than $75,000	$12,900
$1 million or less	$44,100
$2 million or less	$88,500
$3 million or less	$177,000
$4 million or less	$265,500
$5 million or less	$354,000
$6 million or less	$442,500
$7 million or less	$531,000
$8 million or less	$619,500
$9 million or less	$708,000
$10 million or less	$796,500
$11 million or less	$885,000
$12 million or less	$973,500
$13 million or less	$1,062,000
$14 million or less	$1,150,500
$15 million or less	$1,239,000
$16 million or less	$1,327,500
$17 million or less	$1,416,000
$18 million or less	$1,504,500
$19 million or less	$1,593,000
$20 million or less	$1,681,500
$21 million or less	$1,770,000
$22 million or less	$1,858,500
$23 million or less	$1,947,000
$24 million or less	$2,035,500
$25 million or less	$2,124,000
$26 million or less	$2,212,500
$27 million or less	$2,301,000
$28 million or less	$2,389,500
$29 million or less	$2,478,000
$30 million or less	$2,566,500
$31 million or less	$2,655,000
$32 million or less	$2,743,500
$33 million or less	$2,832,000
$34 million or less	$2,920,500
$35 million or less	$3,009,000
$36 million or less	$3,097,500
$37 million or less	$3,816,000
$38 million or less	$3,274,500
$39 million or less	$3,363,000
$40 million or less	$3,451,500
More than $40 million	$3,514,800

 

Application fees for acquisitions in new or near new residential dwellings or vacant residential land from 1 July 2024 to 30 June 2025

Amount	Fee per action
Less than $75,000	$4,300
$1 million or less	$14,700
$2 million or less	$29,500
$3 million or less	$59,000
$4 million or less	$88,500
$5 million or less	$118,000
$6 million or less	$147,500
$7 million or less	$177,000
$8 million or less	$206,500
$9 million or less	$236,000
$10 million or less	$265,500
$11 million or less	$295,000
$12 million or less	$324,500
$13 million or less	$354,000
$14 million or less	$383,500
$15 million or less	$413,000
$16 million or less	$442,500
$17 million or less	$472,000
$18 million or less	$501,500
$19 million or less	$531,000
$20 million or less	$560,500
$21 million or less	$590,000
$22  million or less	$619,500
$23 million or less	$649,000
$24 million or less	$678,500
$25 million or less	$708,000
$26 million or less	$737,500
$27 million or less	$767,000
$28 million or less	$796,500
$29 million or less	$826,000
$30 million or less	$855,500
$31 million or less	$885,000
$32 million or less	$914,500
$33 million or less	$944,000
$34 million or less	$973,500
$35 million or less	$1,003,000
$36 million or less	$1,032,500
$37 million or less	$1,062,000
$38 million or less	$1,091,500
$39 million or less	$1,121,000
$40 million or less	$1,150,500
More than $40 million	$1,171,600

 

Variations

You must pay a fee to apply to vary an existing foreign investment approval.

For 1 July 2024 to 30 June 2025, the fee is:

• $4,300 for a simple variation (considered immaterial or minor)
• $29,500 for a complex variation (not of an immaterial or minor nature).

We will cap your fee where you are seeking to vary an application notice and you originally paid a lower fee. For example, if you requested a complex variation in May 2023 for an approval where you originally paid a $13,200 fee, the variation fee is capped at $13,200.

Tenants in common

If you are purchasing the property as tenants in common, the fee payable for the interest is equal to your percentage of ownership in the property.

Annual vacancy fee

If your property is not occupied or rented out for 183 days (6 months) or more in a vacancy year, or you fail to lodge your annual vacancy fee return on time you may need to pay a vacancy fee.

This fee is based on the application fee you paid when you submitted your residential property or exemption certificate application.

For vacancy years starting 9 April 2024 the fee will be double your foreign investment application fee.

Fees are calculated when you lodge your vacancy fee return.

 

 

Property developer application fee

Property developers applying for a new or near new dwelling exemption certificate must pay an initial application fee. The fee is:

• $60,600 for 1 July 2024 to 30 June 2025.

You are then required to report the sales of new or near-new dwellings every 6 months. A separate fee per sale will be payable for each dwelling sold to a foreign person under the certificate.

When fees are updated

Fees for foreign investment applications and notices are indexed each financial year on 1 July. The information on this page is correct at the time of publishing.

For more details, see the fee guidance noteExternal Link.