Updated 2 weeks ago

Sydney is an extremely popular city, thanks to its beautiful beaches, famous harbour, well-regarded universities, and warm weather. Many international businesses have locations in Sydney, which means there are many expats from all over the world working and living in Sydney. There are also many international university students and backpackers, creating a place rich in culture and diversity.

Thanks to the popularity of Sydney, property prices can be extremely high for both purchasing and renting. However, this is offset by generous salaries in most fields, with many employers offering higher rates to employees in the major cities of Sydney and Melbourne, to help with the high cost of living.

Rental market

First, it is important to determine what style of home you prefer, as well as your budget. If you want to live alone or need a larger space for family, choose a house or flat. If you are on a tight budget, a flat share can be a good option for saving money. Flats can also vary greatly in size and style, from brand-new high rises to smaller low-rise units.

You should also identify the area in which you would like to settle. Sydney is a very large city, with many unique and varying suburbs. It is worth taking the time to research potential neighbourhoods, including potential commuting times and proximity to schools and other services.

Expats can be found throughout the city. Those who prefer a coastal lifestyle might consider the northern suburb of Manly, or Bondi and the Eastern Suburbs, while the Inner West areas, such as Newtown, Marrickville, and Dulwich Hill, offer access to the city and a vibrant café and restaurant culture. Western suburbs such as Parramatta can sometimes offer more affordable housing costs, as well as the benefit of express trains into the city.

Buying a house in Sydney

Sydney is infamous for its high property values, which can be a challenge to new arrivals who are looking to buy. Many properties also are sold at auction, which can be an asset to sellers, but not always buyers. However, if you are diligent and patient in your search, and flexible in terms of which suburbs you consider, you should be able to find a property that suits your needs.

If you want to buy a house in Sydney, some restrictions may apply if you are not a permanent resident in Australia. Generally, temporary residents can purchase one property for their sole residential use, but are not allowed to purchase investment property. However, this may depend on your visa type. After permanent residency is obtained, this creates more possibilities in terms of investment properties. To know more about the regulations regarding the purchase of real estate, please visit the Foreign Investment Review Board website.

Where to look?

Searching real estate or flat share websites are the best options for finding accommodation in Sydney. You can also meet with real estate agents, who can help find properties for rent or sale that will match your needs. Most sales and rentals are organised by agencies, rather than through private treaty, so working with multiple agencies is an efficient way to find a home.

 Useful links:

Rent Australia
Flat Share
Home Away

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