This quarterly report outlines key performance data on Australia’s foreign investment framework from 1 October to 31 December 2025.

Key points

• Approved commercial investment proposals totalled $68.2 billion across 355 proposals.
• The United Kingdom was the largest source country by value ($20.2 billion), followed by the United States ($9.4 billion), China ($7.8 billion), India ($3.2 billion) and Japan ($2.9 billion).
• Services was the largest sector by value ($35.8 billion), followed by mineral exploration and development ($11.4 billion) and commercial real estate ($8.6 billion).
• Approved residential real estate investment proposals totalled $0.9 billion across 864 proposals.
• Treasury’s median processing time for approved commercial investment proposals was 35 days.
• The Australian Taxation Office’s median processing time for approved residential real estate proposals was 12 days.

This report covers

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