Do you pay taxes in Australia if you sell a property overseas?

Could you please clarify, when an Australian citizen sells a property located overseas, are they obligated to pay taxes in Australia on the proceeds from the sale? I'm trying to understand the tax implications of such a transaction and whether there are any specific regulations or exemptions that apply in this scenario. Additionally, would the amount of tax payable depend on the value of the property or any other factors? It would be helpful if you could provide some insight into this matter.