Did you know that Australia is the 55th largest country in the world in terms of population, with an estimated 25.50 million people living there?
It’s a popular place for people to visit on holiday and while traveling, and some of those fall in love with the country and decide they want to live there in the future.
Keep reading to find out more about moving and living in Australia, including how much money do you need to buy a house over there.
What Are the Most Popular Areas to Live in and How Much Do They Cost?
Where to buy a house is an important question, just like how much does it cost to buy a house. And with so many beautiful and habitable places in Australia that you can live in, how do you choose the right place for you?
To help you narrow down your search, we’ve created a list of the most popular places in Australia and broken down the advantages of living there.
1. Adelaide, South Australia
If you enjoy going out and socializing, then you need to consider living in Adelaide. This idyllic location is a hotspot for foodies, with an abundance of eateries and drinking establishments galore.
It’s also a great spot for affordable housing, easy access to green open spaces, and is one of Australia’s best wine regions.
House prices in Adelaide vary, but as a median figure, you’ll be able to find a house for around $542,947. This is an extremely attractive prospect compared to house prices in bigger cities such as Sydney.
2. Sydney, New South Wales
Many people dream about living in Australia’s biggest city and why wouldn’t you? It’s packed to the brim with culture and exciting things to do and see throughout the year.
Not to mention, Sydney is a great place to find employment, which is a bonus if you’re new to the area. Among other reasons why Sydney is so popular is, of course, the hundreds of beaches which are close by, and the excellent transport links.
However, due to all these attractive qualities, this is where you see real estate in Australia skyrocket. Sydney is one of the most expensive places to live in Australia, with average house prices costing $1,142,212.
3. Brisbane, Queensland
Brisbane is the hotspot for those wanting city life combined with rural escapes. This beautiful city is more affordable than the likes of Sydney and Melbourne.
The city also has a booming, fast-growing economy, particularly in health and hospitality. This is very useful if you’re a worker in these industries and are looking to move to the area and find a job.
Brisbane is also within close proximity to the Gold Coast and other wonderous rural spots in Australia. Not to mention, the warm climate year-round!
Real estate in Queensland is at the medium range of houses in Australia. You can expect to buy a house for about $577,664. But should do so sooner, rather than later because experts believe that house prices in the city are set to rise.
If you’re looking for some financial assistance when buying a new house, have a look at this first home owners grant available in Queensland.
4. Canberra, Australian Capital Territory
If you want to find a place in Australia that is perfect for families, you needn’t look any further than Canberra. This beautiful location has fewer residents living there, a quaint small-town feel to it, and the house prices are very reasonable.
The crime rate here is low, compared to other places in the country, and there’s a range of family-friendly suburbs to choose from.
House prices in Canberra can vary quite a lot, depending on the location and size. The average house in this part of Australia sells for $630,078, but if you keep your eyes open and have some help, you might be able to find a great property for less.
5. Hobart, Tasmania
Hobart packs the most incredible scenery to see in Australia such as Mount Wellington close by and it also comes with the most affordable houses in the country.
You get sensational views for less of the price in this small city, which feels more town like. However, you are separated from mainland Australia and unfortunately, there is a lack of transport. But if you enjoy some quality you time, this might just be the place for you.
The average house price in Hobart is very agreeable at $481,665. So if your main focus is affordability and keeping your costs down, then you need to consider this beautiful location.
There are other great locations in Australia to buy a house, such as Melbourne, and Perth for example. Buying real estate in Australia is an affordable and relatively straight forward thing to do.
However, there are several things that you need to consider and research before you go ahead and purchase a house. Make sure you familiarize yourself with the area you want to move to and find a realtor who can answer all of your questions.
Follow Our Guide on How Much Money Do You Need to Buy a House in Australia
If you’ve ever thought about living in Australia, the first question that will pop into your mind is how much money do you need to buy a house in Australia.
Follow our guide on how much it will cost you and take heed of our practical and useful tips too.
If you enjoyed reading this article, make sure you check out some of our other useful blogs too.