Australia’s real estate market plays a central role in the nation’s economy, offering both opportunities and challenges for buyers, renters, and professionals in the sector. From property price trends and rental availability to regulatory changes and career prospects, understanding the fundamentals of real estate is essential for anyone interacting with the market.
Whether you’re purchasing your first home, renting in a competitive city, or looking to start a career in real estate, this guide outlines the key aspects of property in Australia. It also links to additional resources for those entering the field or navigating the market as new residents.
Buying Property in Australia
Home ownership remains a strong aspiration for many Australians, though affordability and supply vary greatly between regions. Major cities like Sydney and Melbourne often experience high demand and rising prices, while regional areas offer more affordable options and increasing popularity due to remote work trends.
Buyers must consider factors such as stamp duty, loan eligibility, building inspections, and ongoing ownership costs like council rates and maintenance. For many, securing pre-approval for a mortgage is the first step toward making a competitive offer. First Home Owner Grants (FHOG) and stamp duty concessions are available in some states to support first-time buyers.
Renting a Home in Australia
Renting is a common choice for individuals and families, particularly in high-density areas or during periods of transition. The rental process typically involves searching on property platforms, attending inspections, and submitting an application with supporting documents such as ID, proof of income, and rental history.
Rental agreements are usually offered on a fixed-term basis, often six or twelve months, and are governed by tenancy laws specific to each state or territory. Renters should understand their rights and responsibilities, including bond lodgment, property condition reports, and processes for requesting repairs or resolving disputes with landlords.
Careers in Real Estate
The real estate sector in Australia offers a variety of career paths, from residential and commercial sales to property management and valuation. Real estate agents play a key role in facilitating property transactions, managing listings, conducting inspections, and guiding clients through negotiations and settlement.
To become a licensed real estate agent in Australia, individuals must complete accredited training and meet state licensing requirements. Agents often work on commission-based earnings and require strong communication, sales, and networking skills. Learn more in How to Become a Real Estate Agent in Australia.
Tips for Expats Entering the Property Market
For expats moving to Australia, navigating the property market can be complex due to foreign investment rules and unfamiliar tenancy laws. In most cases, non-residents must obtain approval from the Foreign Investment Review Board (FIRB) before purchasing property, and restrictions may apply to the types of dwellings that can be bought.
Renting can be a more accessible first step for new arrivals, allowing time to settle in and learn about different suburbs. It’s also important for expats to build credit history and understand how to secure a lease or mortgage in Australia’s financial system. Read more in How to Navigate Australia’s Property Market as an Expat.
Real Estate Considerations in 2025
Here are some important considerations for navigating real estate in Australia this year:
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Rising interest rates may impact loan affordability
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Rental vacancy rates remain low in many capital cities
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Regional markets continue to attract buyers due to lifestyle appeal
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Sustainability features and energy ratings are increasingly valued
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Digital property platforms offer virtual inspections and faster transactions
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Government incentives are available for eligible first-time buyers
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Regulatory reforms may affect landlord and tenant rights across states
For more insights on life in Australia, visit the Remitly Blog.
FAQ: Real Estate in Australia
1. What are the upfront costs when buying a home in Australia?
Buyers should plan for a deposit, stamp duty, legal fees, building inspections, and mortgage application fees.
2. Can foreigners buy property in Australia?
Yes, but foreign buyers usually require FIRB approval and may face restrictions on the type of property they can purchase.
3. What rights do renters have in Australia?
Tenants have rights related to property safety, maintenance, bond protection, and notice periods for eviction or rent increases.
4. How do real estate agents earn income?
Agents typically earn commission from property sales, with rates varying by agency and property type.
5. Is it cheaper to rent or buy in Australia?
It depends on location, interest rates, and individual financial circumstances. Renting may be more affordable in the short term, while buying can offer long-term equity.