This quarterly report sets out key performance data concerning the operation of Australia’s foreign investment framework from 1 January to 31 March 2025.

Key points

• The value of approved commercial investment proposals was $101.5 billion from 306 proposals.
• The United States was the largest source for approved commercial investment proposals by value ($74.1 billion), followed by Japan ($3.7 billion), Canada ($2.6 billion), South Korea ($2.4 billion) and United Kingdom ($2.2 billion).
• The largest target sector for approved commercial investment proposals by value was services ($81.9 billion), followed by commercial real estate ($10.0 billion) and mineral exploration & development ($4.5 billion).
• The value of approved residential real estate investment proposals was $1.2 billion from 929 proposals.
• Treasury’s median processing time for approved commercial investment proposals was 38 days.
• The ATO’s median processing time for approved residential real estate proposals was 4 days.

What the report covers

• Numbers and values of commercial and residential investment proposals
• Source countries of investment proposals and breakdown by industry sector
• Median processing times
• National security reviews (mandatory and voluntary)
• Compliance, audit and investigation activity
• Methodology, caveats and glossary of key terms