The short version
The practical issues for Malaysian buyers are the RM1 million annual limit if you have ringgit borrowings at home, and the state surcharge on top of Australian duty. Brokers list the ringgit as a secondary currency, so check early whether a lender will accept it.
Are Malaysians foreign persons in Australia?
Yes. Malaysian citizens are foreign persons unless they hold Australian citizenship or a permanent visa.
Moving money to Australia
Bank Negara’s foreign exchange policy lets a resident with no domestic ringgit borrowing invest any amount abroad, including in real estate. A resident who does have ringgit borrowings is limited to RM1 million a year in aggregate from converted ringgit; larger amounts need Bank Negara approval through its online portal.
Tax treaty
Yes — a double tax agreement has been in force since 1981.
Home loans and MYR income
Broker lists put the ringgit on a secondary currency list, where acceptance is assessed lender by lender. See the home loans page.
Lender policy changes. See our home loans guide for how lenders generally treat overseas borrowers.
Visas
Student (500), Skills in Demand (482), 189/190 and partner visas.
Next steps
- Check the application fee and your state’s surcharge.
- Read the FIRB approval guide.
- Look at new homes foreign buyers can purchase.
Need a loan from Malaysia?
We can introduce you to a licensed broker who works with overseas buyers. Free to you.
Frequently asked questions
Do I need FIRB approval to buy property in Australia from Malaysia?
Yes, unless you are an Australian citizen or permanent visa holder (or a New Zealand citizen with a Special Category visa, or buying as a joint tenant with such a spouse). Foreign persons need approval to buy a new home or vacant land, and cannot buy established homes until 30 June 2029.
Does Australia have a tax treaty with Malaysia?
Yes — a double tax agreement has been in force since 1981.
Sources
- Bank Negara Malaysia — Investing in foreign currency assets (residents)
- Treasury — Income tax treaties
- Treasury — Guidance Note 2: Key concepts (v5, 12 December 2025)
- ATO — Banning foreign purchases of established dwellings
- ATO — Tax rates for foreign residents
- Home Loan Experts — Foreign income home loans (broker page)
- Odin Mortgage — Australian expat home loans (broker page)
Checked 5 October 2026.
firbapproval.com.au is an independent guide. It is not affiliated with, endorsed by or connected to the Foreign Investment Review Board, the Australian Treasury or the Australian Taxation Office. We do not lodge or process applications. Applications are made to the ATO. General information only, not legal, tax, migration or financial advice.