About
Australia
Housing
Renting
Before buying a house, we advise you to rent for several months to get to know the area better with all its advantages and likely disadvantages. You can find places for rent in newspapers and real estate offices, and you may have to show some paperwork before you start renting.
After choosing a place, you will be asked to pay the first rent and a refundable deposit in advance. You could get the deposit back, when the lease is over, if the place is not damaged or dirty. The lease is actually the contract or paper of agreement to rent a particular place. In case you are concerned about the lease, get legal advice before signing. For more information, visit Rent Australia Website .
Medium weekly rents for Australian capital cities:
| City | Houses | Units |
|---|---|---|
| Sydney | $450 | $410 |
| Melbourne | $350 | $320 |
| Brisbane | $360 | $340 |
| Adelaide | $300 | $250 |
| Perth | $370 | $350 |
| Hobart | $300 | $240 |
| Darwin | $500 | $400 |
| Canberra | $410 | $400 |
Buying
The basic rules of buying property in Australia are detailed research and good location. You will benefit more to buy a bad house in a good area than the opposite.
Due to increased traffic in the bigger cities, a lot of people prefer to live as close to the centre as possible to save on transportation and time.
City apartments are demanded, although many families choose to live in suburbs within 10 - 20km to the city.
Average house and unit prices for Australian capital cities
| City | Houses | Houses | Units | Units |
|---|---|---|---|---|
| SYDNEY | Inner Region | Outer Region | Inner Region | Outer Region |
| $762,500 | $950,000 | $515,000 | $485,000 | |
| BRISBANE | Inner Region | Outer Region | Inner Region | Outer Region |
| $645,000 | $430,000 | $435,000 | $367,000 | |
| MELBOURNE | Inner Region | Outer Region | Inner Region | Outer Region |
| $357,500 | $724,000 | $370,500 | $407,000 | |
| PERTH | Inner Region | Outer Region | Inner Region | Outer Region |
| $715,000 | $410,000 | SNR | $330,000 | |
| HOBART | Inner Region | Outer Region | Inner Region | Outer Region |
| $470,000 | $410,000 | $470,000 | $265,000 | |
| ADELAIDE | Inner Region | Outer Region | Inner Region | Outer Region |
| $438,250 | $435,000 | $342,500 | $290,000 | |
| DARWIN | Inner Region | Outer Region | Inner Region | Outer Region |
| SNR | $445,000 | $458,950 | $366,000 |