How to Navigate Australia’s Property Market as an Expat

Are you dreaming of owning your very own property in Australia? Whether it’s a sunny coastal home or an investment property in one of the country’s major cities, if you’re an expat, you’re probably feeling a mix of excitement and nerves.

At Remitly, we know that every little bit of guidance can make a big difference, especially when it comes to finding the perfect place to call your own. In this guide, we’ll explore the key steps for entering the market, the legal requirements, and tips for picking the right property.

Starting to navigate Australia’s property market as an expat

Australia’s housing market might work differently from what you’re used to; prices, locations, and legal processes can vary widely. It’s natural to feel overwhelmed with where to start, but with the right approach and information, you can confidently find a property to suit your needs.

Key steps for expats entering the market

1. Explore different regions: Australia is vast, and each state or city has its own personality. If you love the buzz of city life, places like Sydney and Melbourne are vibrant (though, understandably, they come with higher price tags). Or, if you prefer something more relaxed, cities like Adelaide or Hobart offer more affordable options with great lifestyle perks.
2. Plan your budget: Knowing how much you can comfortably spend is key. Take into account deposit requirements, potential mortgage options, and extra costs like stamp duty, or currency exchange fees if transferring funds from abroad.
3. Check visa-specific rules: If you’re not an Australian citizen or permanent resident, you might need to get approval from the Foreign Investment Review Board (FIRB) before buying property. 
4. Get the right support: You don’t have to do it alone. A buyer’s agent can help you find the right property, while a solicitor or conveyancer will handle the legal side. A mortgage broker can guide you through financing options, especially if you’re juggling an overseas income or exchange rates.
5. Make an offer and negotiate: When you find a place that feels right, your buyer’s agent or real estate agent can negotiate the best deal for you. Before finalising, you’ll go through inspections, valuations, and the legal process to make sure everything checks out.

Following these steps will keep things simple and stress-free. If you’re planning a move soon or are already renting, consider thinking about your ideal timeline, whether you want to buy right away or wait until you’re settled.

Understanding market trends in Australia

The Australian property market is famous for its ups and downs. You might hear about “booms” in Sydney or a “buyer’s market” in Perth, and it’s normal to wonder if you’re jumping in at the right time.

While timing can be important, the best time to buy is when it makes sense for you. If you’re looking for a long-term home, you might think about interest rates, job growth, and local infrastructure projects more than short-term market changes.

Keeping an eye on market trends can still be useful. Reports from property experts like CoreLogic or Domain can help you track house prices, rental yields, and market conditions, giving you a clearer picture of what to expect.

Legal requirements and regulations for expats buying property in Australia

If you’re thinking about buying property in Australia, you might come across a few legal hoops to jump through. Understanding the rules upfront will help you navigate the process with ease. Some regulations depend on your residency status, while others vary based on the type of property you’re interested in, such as whether it’s a new build or an existing home. 

Rules for expats and foreign buyers

• FIRB Approval: If you’re a temporary resident or non-resident, you’ll likely need approval from the Foreign Investment Review Board (FIRB) before buying a residential property. There’s usually a fee involved, which increases based on the property price. It’s worth checking these details early to avoid surprises.
• New vs. established homes: Generally, non-residents can buy newly built properties (like off-the-plan apartments or houses in new developments), but there are stricter rules for purchasing existing properties (in fact, between April 1, 2025, and March 31, 2027, non-residents and temporary residents are banned from buying established properties). Make sure you understand the requirements before making any decisions.
• Visa considerations: if you’re a permanent resident, citizen, or on certain visa types, some of these restrictions may not apply to you. On the other hand, stricter regulations apply to temporary residents. It’s always a good idea to check how your visa status affects your ability to buy and whether you qualify for exemptions.

Financial and legal considerations

Beyond the purchase itself, there are a few other financial and legal factors to keep in mind:

• Stamp duty: This is a tax that may apply when you’re buying a property. Regulations and amounts vary by state, so you’ll need to find out what applies in your situation. Some states offer discounts or exemptions if you’re a first-time buyer, but your eligibility may depend on your residency status.
• Conveyancing: A solicitor or conveyancer will take care of the legal paperwork. They’ll also run checks on property titles, and handle settlement details to make sure everything runs smoothly for you.
• Insurance: Property insurance helps to protect your investment against unexpected events. If you plan to rent out your home, landlord insurance can provide extra peace of mind.
• Tax considerations: If you’re buying an investment property, you’ll need to think about rental income, possible tax benefits like negative gearing, and capital gains tax when you sell. Non-residents may face different tax rates, so it’s worth speaking with an accountant or checking with the Australian Taxation Office (ATO) to make sure you stay compliant.

While there’s a bit to get your head around, buying property in Australia as an expat is absolutely possible with the right preparation. By understanding the legal landscape and getting expert advice where needed, you can make the process stress-free and set yourself up for a successful investment or a home in your new country.

Financing your property purchase as an expat

Sorting out your finances is one of the biggest steps in feeling confident about buying a property in Australia. Whether you’re planning to move or invest from overseas, exploring your mortgage options and understanding tax will help the process run smoothly.

Getting a mortgage as an expat

Securing a mortgage in Australia as an expat can feel a bit more complicated than for residents, but it’s definitely possible. Australian banks want to see that you have a stable income and can meet their lending requirements. If you’re based overseas, some lenders may ask for a larger deposit or offer different interest rates for non-residents.

Consider the following tips:

• Shop around for lenders: Not all banks have the same policies for expat buyers. Some specialise in loans for overseas buyers, so it’s worth comparing. 

• Work with a mortgage broker: A broker can help you find lenders who understand your situation and offer the best terms. 
• Prepare your paperwork: Be ready to provide payslips, tax returns, and employment contracts from your home country. It may feel like a lot of paperwork, but having everything in order can speed up the process.

Mortgage and tax considerations

• Interest rates: Australia’s interest rates can change over time, so if you’re going for a variable-rate loan, it’s worth keeping an eye on Reserve Bank updates. A fixed-rate mortgage can provide more stability if you prefer predictable repayments.
• Rental income tax: If you’re buying an investment property, rental income is taxable, but there may be ways to reduce your tax bill through negative gearing (when property expenses exceed rental income). The rules for non-residents can be different, so it’s best to check the latest guidelines.
• Capital Gains Tax (CGT): If you decide to sell later on, you may need to pay CGT on any profit. The amount you’d owe would depend on how long you’d owned the property and your residency status.

Because financial regulations can change, it’s always a smart move to consult a property-expert accountant who understands expat finances. With the right planning, you can avoid unexpected costs and make the most of your investment.

Choosing the right property for expats

Whether you’re dreaming of a beachside retreat, a stylish city apartment, or a peaceful home in the countryside, location plays a huge role in your investment’s success. 

Identifying key locations and property types

Popular Aussie hotspots:

• Sydney: Stunning harbour views, a vibrant cultural scene, and high property prices.
• Melbourne: Known for its arts scene, café culture, and steady capital growth.
• Brisbane: A sunny climate with more affordable prices than Sydney or Melbourne.
• Perth: A resource-driven economy with growth potential when the mining industry surges.
• Adelaide & Hobart: Praised for their affordability and relaxed lifestyle, making them popular with families and retirees.

Property types to consider:

• Apartments: Great for city living and convenience, often with lower maintenance but possible body corporate fees.
• Houses: Ideal for families looking for space, a backyard, and renovation potential.
• Townhouses: A balance between an apartment and a standalone home, often offering more space without as much upkeep.

Expert advice on making informed choices

A buyer’s agent can be helpful for expats. Unlike real estate agents who work for the seller, these professionals work for you and can:

• Find properties that fit your budget, lifestyle, or investment goals.
• Negotiate on your behalf to help you avoid overpaying.
• Offer insider knowledge about suburbs, future developments, and the overall community feel.

Beyond professional help, it’s always a great idea to attend open houses, explore local property reports, and talk to people who already live in the area. Firsthand insights can be invaluable when making a big decision like buying a home or an investment property.

Management and investment strategies

If you’ve made it this far, you’re well on your way to owning a property in Australia. But buying the property is just the beginning. Managing it wisely is key, especially if you’re investing from overseas or planning to spend time away. 

Whether you’re renting your property out or holding onto it as a long-term investment, having the right strategy in place will help you make the most of it.

Australian property management strategies for expats

• Hiring a property manager: A local property manager can take care of rent collection, maintenance, and tenant concerns, making your life much easier when you’re overseas.
• Renting out your home: If you’ve bought a place but aren’t living in it just yet, renting it out short-term can help cover mortgage repayments and other expenses like council rates and insurance.
• Keeping up with maintenance: Regular inspections and quick responses to repairs keep your property in great shape and tenants happy, which helps preserve its long-term value.

Long-term investment plans and rental insights

If you’re thinking of your property as a long-term investment, it’s worth considering how to maximise returns and plan ahead, especially if you’re not living in Australia right now.

• Rental yields: Look for properties that generate stable rental income to cover your mortgage and management fees.
• Capital growth: Over time, your property value may increase, but like any market, real estate can be unpredictable.
• Exit strategy: If you plan to sell down the line, understanding capital gains tax rules and planning your timeline can help you make the most of your investment.

Many expat investors choose locations with good transport links, schools, or upcoming infrastructure projects to boost rental demand and long-term value. Having a forward-thinking strategy ensures your investment aligns with your future plans, whether that’s moving to Australia or building financial security for the years ahead.

FAQs

How can I buy a house in Australia as an expat?

Start with thorough research. Decide on a city or region, check if you need FIRB approval, and set a realistic budget. Arrange financing early, preferably by talking to lenders who understand expat clients.

Once you find a property, a solicitor or conveyancer handles the legal aspects, including checks and settlement. It’s also helpful to have a local buyer’s agent if you can’t attend property viewings in person.

What are the rules for foreigners buying property in Australia?

Generally, non-residents and temporary residents will need to apply for FIRB approval, especially if purchasing an established home. Permanent residents and citizens usually have fewer restrictions.

The rules also vary for new dwellings, vacant land, and specific visa categories. Check official guidelines on the Foreign Investment Review Board website or talk to a property lawyer.

Where is the next property boom in Australia?

It’s tough to predict as market conditions shift with interest rates, immigration policies, and economic factors. Some experts believe that regional cities with growing infrastructure and job markets offer potential, while others think major capitals will continue to see demand. Keep up with market analysis from reputable data providers and speak to local real estate professionals for insights.