Is it possible to buy home in rural areas of Australia?

I would like to know is it possible for a foreigner to buy home with intention to move to Australia with family and start a business?
Kindly tell the process how to buy? formalities ? Or Do we have to apply visa first and then buy a home?

Welcome to the forum

The rules regarding foreign investment in real estate can be found on this site
  www.firb.gov.au

You can only buy a new dwelling or land. If buying land you have to build on it within 4 years.