Yes. Finance is available for foreign investors.
Like many countries, Australia has tightened up on the amount of the loan to the purchase price available. However, 60% of the valuation and up to 70% is available to non-residents for Australian dollar loans. For off-plan apartments, you only start repaying the loan after you take completion.
No loan payments are necessary before then. (For House and Land, progress payments are made to the builder during the construction, so you need to get a "construction loan".)
Foreign currency loans are also available for residents of certain countries such as Hong Kong, Singapore, the USA and Malaysia. Lower interest rates are available, but buyers should be aware of currency risk if borrowing in a different currency to the asset and there often minimum amounts of loan that must be taken.
For Australian citizens living overseas, 70% loans and up to 80% are usually available.
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