Yes, you can. Broadly speaking, foreign investors can buy residential real estate, which is:
1.) “Off plan” i.e., designed and approved by the relevant planning authority, (usually the local council or shire authority), where construction has not yet commenced.
2.) Under construction, but not yet completed
3.) Completed, but not yet lived in. Note: Once they have been lived in by a tenant, or owner, they cannot be legally sold to an “off shore” buyer.