Housing in Australia
Buying a Property
 There
are two main ways to buy a property in Australia – by
private sale or auction.
Buying by private sale means you buy the property at the advertised
price or you negotiate the price with the vendor, usually through
the vendor’s estate agent. The negotiation continues until
both parties agree on a price.
Auction is another common way of selling a property. The auction
method is a good way to test the property market against buyer demand.
However, it is also an emotionally charged and fast-moving atmosphere.
All legal documents relating to the sale are available for inspection
before the auction and contracts of sale can be signed and exchanged
on the day of the auction.
Building your Own Home
There are a number of alternatives to choose from when considering
building your own home. These range from House and Land packages
to Custom built homes.
Renting a Property
Real estate agents in Australia manage properties (houses, units
and apartments) on behalf of the owners. Lists of ‘properties
to rent’ are available in daily newspapers, from real estate
offices or online. The majority of rental properties in Australia
are unfurnished.
Once you have inspected a property, you can make an application,
which will be assessed on your income and your perceived reliability
in paying rent. Personal references from employers or past landlords
may be useful. If successful, you will have to pay one-month rental
as a bond, which is to ensure you look after the property.
You may also be required to pay one month’s rental in advance.
In most cases, you will be required to sign a lease, which is a
commitment to rent the property for a minimum period, usually 12 months.
Monthly rental rates vary greatly based on location (more expensive
the closer you are to the city or the beach) and the type of property.
It will be more expensive to live in a capital city than it will
be to live in a regional or rural area.
Australian Real Estate Resources
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