Real Estate in Melbourne, Australia

Real Estate in Melbourne

Last updated on May 04, 2023

Summary: The average cost of a nice 2 bedroom home in Melbourne, Australia is around $600,000 AUD, while a nice 3 bedroom home is around $800,000 AUD. These properties typically include modern amenities such as air conditioning, stainless steel appliances, and updated bathrooms. There are no restrictions on foreign ownership for properties in Melbourne. An expat looking to buy a home in Melbourne should begin by researching the local market and neighborhoods. They should also consider their budget and lifestyle needs when searching for a home. The most desirable neighborhoods in Melbourne include South Yarra, Carlton, and Fitzroy. These areas are known for their vibrant culture, excellent restaurants, and close proximity to the city center.

How do I find a place to live in Melbourne?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"There are many ways to find a place to live in Melbourne. One of the most convenient ways to search for housing is online. Websites such as Domain, Realestate.com.au, Rent.com.au, and Gumtree all have a wide variety of rental housing available in Melbourne. Additionally, many local newspapers, as well as community and notice boards, may also advertise rental properties in the area. It can also be helpful to seek the advice of a rental agent, who may have more specialized knowledge and resources to help you find the right place," said one expat in Melbourne, Australia.

Answer this Question

Allianz Care
Get Quote

Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.

Allianz Care

What is a typical expat home or apartment like in Melbourne?

Please login to continue reading this article.

Not a member? Join Today (it's free).

About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.