foreign investment

I am new to Australia and get requests for property investments from family and friends abroad. Do they need prior approval from Foreign Affairs?
What type of property should I be looking for?
Hope you can help.
Pieter
 
G'day Pieter,

Steer them toward www.firb.gov.au - (Foreign Investment Review Board) - it's a very "easy read" site, and should answer most of their questions.

Regards,
 
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