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OZ Life
Housing in Australia
If you are planning to move to Australia then finding a place to live is an important decision. There are many housing options for new migrants, ranging from buying property to renting or building a house.

Buying a house in Australia
Buying a home is one of the largest purchases you're likely to make after moving to Australia. Buying property can also be one of the best long-term investments — so it's important you get it right. This means doing your homework and making sure that the property you are buying is the right one in terms of price, location, value, size and lifestyle.

How can I buy property in Australia?
You can buy or houses and home units (flats) directly from private owners or through Real Estate agents.

Although you can buy houses and land through private sales, Working In Australia recommends that you find and buy a home through a member of the Real Estate Institute of Australia. Your local real estate agent has the experience and market knowledge to help you find the home that is right for you.

Homes for sale are usually advertised in newspapers, especially on Wednesdays and Saturdays. If you want to buy a house or home unit, look in the ‘Real Estate' section. A free catalogue advertising housing for sale is available from most Real Estate agents.
What does buying property in Australia cost?

The cost of buying a house in Australia varies throughout the regions of Australia, with the highest median prices in Sydney.

Here are some examples of median prices:

Over the year ending November '07 unit values across Australia increased by 14.25 per cent to reach a median price of $388,742 while the median price for a house is $488,000.

Sydney: $520,000
Perth: $491,000
Melbourne: $488,000
Canberra: 418,000
Brisbane: $345,000
Darwin: $398,000
Adelaide: $323,000
Hobart: $235,000

Inner city prices are generally higher, while houses in smaller urban and rural areas are generally cheaper.

When you buy a property in Australia you will have to pay conveyancing fees. Conveyancing may be undertaken by solicitors, licensed conveyancers or by the buyer or vendor of a property. You will also have to pay statutory fees: stamp duties, transfer and registration fees.
Property finance in Australia

Most people buy houses by raising a mortgage directly through a financial institution such as a bank or via an Australian mortgage broker.

Who can buy property in Australia?
Owning your own home remains one of the great Australian dreams. However, some migrants must get special permission to buy real estate in Australia.

Only Australian citizens, people with Australian residency and New Zealand citizens can buy a house or other property in Australia without permission from the Foreign Investment Review Board.

As a migrant without permanent residency, if you get permission to buy a house there will be a number of conditions that you have to fulfil.
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