Real Estate in Sydney, Australia

Real Estate in Sydney

Last updated on Apr 06, 2023

Summary: The average cost of a nice 2 bedroom home in Sydney, Australia is around $1,000,000 AUD (approximately $735,000 USD). A nice 3 bedroom home in Sydney is around $1,500,000 AUD (approximately $1,100,000 USD). These properties typically include modern amenities such as air conditioning, stainless steel appliances, and updated bathrooms and kitchens. Many of these homes also have outdoor areas such as balconies, decks, and gardens. Foreigners are allowed to purchase property in Sydney, however there are restrictions on the type of property that can be purchased. For example, foreign investors are not allowed to purchase existing residential dwellings. An expat looking to purchase a home in Sydney should start by researching the different neighborhoods and suburbs in the city. They should also consider their budget and lifestyle when selecting a property. Additionally, they should consult with a real estate agent to help them find the right property. The most desirable neighborhoods in Sydney include Bondi Beach, Manly Beach, and the Inner West. These areas are known for their vibrant culture, beautiful beaches, and close proximity to the city.

How do I find a place to live in Sydney?

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

"If you are looking for a place to live in Sydney, there are a variety of options available. One way to start your search is to check online rental listing websites such as Domain, Real Estate, and Rent.com. They make it easy to narrow your search by desirable areas, price range, and other desired amenities. Additionally, you can contact real estate agents in the area who have extensive knowledge about the different suburbs of Sydney and can offer a range of properties to suit your needs. Word of mouth is a great way to go as well; reach out to friends and colleagues in the area to see if they know of any available rentals. Ultimately, it's all about finding a place that meets your needs while also preventing yourself from getting overwhelmed by the competitive market," explained one expat living in Sydney, Australia, Australia.

"Neighborhood by walking around in it. Looked through the Sydney Morning Herald website for homes; talked to real estate agents," said one person in Sydney.

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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.