Thinking of buying a house in Australia? This guide will help expats find out more about the housing market in Australia. This includes properties in NSW, Canberra, Melbourne, Brisbane, Western Australia, South Australia and more.
As we emerge from the global pandemic and people start to move around the world again, you may be wondering what to expect when buying your first property in Australia. There is no doubt that the pandemic has produced some unusual market situations, and the housing sector has not been immune from these. The good news is that:
- Housing is still very affordable in some states.
- Price rises have started to slow across most of the country.
- Prices have begun to come down in some of the bigger states.
Here is a look at current house prices and the state of the property market in Australia to give you a better understanding of what you can afford if you move from the UK.
Moving to Australia is the dream for many UK residents with the weather and relaxed way of life being a big factor. However, another important part of the Aussie dream for many people is having a spacious house with a swimming pool.
Australian homes are generally well known for being more spacious compared to the UK. Choosing the right property in the right area is vital for getting your move down under off to a great start.
The national house median across Australia’s capital cities in 2024 is currently A$949,410 (£486,552), somewhat higher than the UK average of £284,691 (AUD $555,572). For regional houses, the national median is A$612,091 (£313,571)
So what property can you afford in Australia? Look below and you will see the types of property for sale in Australia and what your money will get you in the current market.
The Australian Property Market in 2024
The Australia property market is expected to increase in 2024. Economics from Australia’s major banks expect a rise between 3% and 5% throughout the year. A factor for this is the ongoing lack of housing supply compared to demand and government schemes.
The government scheme is poised to be a game-changer for first home buyers, offering assistance to 40,000 Australians to purchase a property with as little as a 2% deposit. This initiative is expected to increase demand among first-time buyers for affordably priced properties.
In Perth, a persistent imbalance between housing demand and supply has propelled property values to increase by 16.7% in the last year. Nevertheless, when compared to the majority of capital cities, housing prices remain quite reasonable, with the median home value hovering just below $677,000.
Since the property market began its ascent, there’s been an 11.0% uptick in the value of houses in capital cities, with apartment values also rising by 6.9%, according to Tim Lawless, Research Director of CoreLogic. This suggests a growing willingness among Australians to invest more in single-family homes than ever before.
Source: Corelogic & Propertyupdate
The PSS Australian Property Guide for UK Buyers!
To give you an idea of what you can afford after you sell your property in the UK, we have selected a range of properties from the high end around A$700,000 (£396,000) and also around the UK average price of £328,000 (AUD $579,000). For the main capital cities in Australia we will compare what you can buy in the suburbs with what you can buy in a regional centre.
If money is no object for you then do not worry about reading this article – just scroll to the bottom of the page and snap up at that beautiful penthouse on Sydney’s most coveted address!
House Prices in Sydney, New South Wales
With an asking price of $469,000, this Sydney, NSW property is an excellent choice for a home. It boasts four bedrooms, complete with built-in wardrobes, a spacious living area, and a separate dining space enhanced by laminate flooring. The efficient galley kitchen is outfitted with ample room, an electric stove, and a dishwasher.
37 Arinya Street, Tamworth NSW 2340 | Domain
Priced at $469,000
House in Dubbo, NSW A$565,000 – $600,000
Situated in the sought-after area of South Dubbo, this home provides a peaceful setting and a warm, welcoming atmosphere with its large, encompassing front veranda.
The interior seamlessly blends modern style with classic charm, featuring a recently updated kitchen, laundry, and bathroom that complement the home’s original broad timber flooring and high ceilings, characteristic of its era.
61 Palmer Street, Dubbo NSW 2830 | Domain
House Prices in Canberra, ACT – $500,000
This villa features three large bedrooms, with the master bedroom offering the luxury of a walk-in closet. The backyard serves as a serene retreat, highlighted by a meticulously kept garden and a peaceful zen fishpond beside a sun-drenched wooden deck.
This elegant home provides a special opportunity for upscale living, all while being ideally located close to Canberra City, the outlet center, the shopping district of Fyshwick, and the picturesque Kingston Foreshore.
60 Banksia Drive, Symonston ACT 2609 | Domain
House in Calwell, ACT – $700,000
This three-bedroom, north-facing property is perfectly located for easy access to schools, shops, and public transportation, among other amenities. Positioned on a sloping 865m2 plot, the split-level design of this home provides breathtaking views of the mountains.
Inside, the home boasts three bedrooms, a spacious living area with reverse cycle air conditioning, a kitchen equipped with a dishwasher and generous counter and storage space, and a sunroom extension at the back, perfect for social gatherings or additional living space.
https://www.domain.com.au/72-denovan-circuit-calwell-act-2905-2019070717
House Prices in Melbourne, Victoria
Tucked away in the tranquil neighborhood of Werribee, Centenary Crescent presents an excellent opportunity for renovation enthusiasts. Situated on a desirable 558m2 lot, this property includes three bedrooms and one bathroom, poised for transformation into
https://www.domain.com.au/22-centenary-crescent-werribee-vic-3030-2019076882
Priced at $495,000
House in West Wodonga Victoria – $568,000
This delightful two-storey brick veneer residence is nestled on a spacious 885m² plot, providing an ideal combination of coziness and peaceful suburban living. Boasting abundant room for family life, this home offers an exceptional chance for those in search of a serene lifestyle in a sought-after area.
https://www.domain.com.au/7-gayview-drive-west-wodonga-vic-3690-2019078254
House in Road Mount Clear Victoria – $440,000
All three bedrooms are generously sized, and come with a built-in wardrobes for added convenience. There’s also an extra study area, perfect for working from home. The main bathroom feature a vanity, shower, bathtub and a separate toilet, delivering practicality and privacy for the whole family.
1337 Geelong Road, Mount Clear VIC 3350 | Domain
House Prices in Brisbane, Queensland
Ideal for the for the first-time homeowner, Poinciana St, Inala presents a charming home conducive to a relaxed way of life. The property includes three bedrooms, one bathroom, and a handy carport, all set on a generous 708 m² lot.
20 Poinciana Street, Inala QLD 4077 on 29 Feb 2024 – 2019074640 | Domain
Priced at $650,000
House in Kewarra Beach QLD – $695,000
This expansive family residence is currently on the market. Designed for minimal upkeep, this 4-bedroom, 2-bathroom property, located on a 600m2 plot in Kewarra Beach, is perfectly suited for those looking to occupy the home themselves.
9 Petrie Close, Kewarra Beach QLD 4879 | Domain
House in Cooktown QLD – $459,000
The kitchen is equipped with a double sink, dishwasher, pantry, and ample cupboard space both below and above. Glass sliding doors lead from the kitchen to the rear deck. Alternatively, you can descend from the deck to enjoy the outdoor undercover BBQ space, nestled within the backyard amid mature gardens and fruit-bearing trees.
Cooktown QLD 4895 – 3 beds house for Sale, $459,000 – 2019080680 | Domain
House Prices in Perth, Western Australia
Featuring a fully enclosed yard, a sheltered outdoor entertainment area, and a single garage with an automatic door, this easy-care home is ideally situated to take full advantage of the vibrant Victoria Park lifestyle.
147 Gloucester Street, Victoria Park WA 6100 – House For Sale – Homely
Priced at $600,000
House in Stuart Street, Perth – $889,000
Spanning an impressive 170sqm of internal living space across three levels, the ground floor unveils a seamless free-flow floor plan, ideal for executives, empty nesters, or families.
https://www.homely.com.au/homes/18-45-47-stuart-street-perth-wa-6000/10804746
House Prices in Adelaide, South Australia
For those looking to embrace urban living, this offer is captivating: a beautifully furnished 2-bedroom apartment in the heart of a lively lifestyle complex. Enjoy top-notch amenities including a shared sauna, tennis court, and BBQ area, all located in what is considered the prime area of the CBD.
https://www.homely.com.au/homes/30c-18-bewes-street-adelaide-sa-5000/10795799
Priced at $469,000
House in Vincrace Street, Adelaide $625,000
Constructed in 1880 and tailored for the contemporary urbanite keen on exploring the CBD’s hidden gems, this setting encourages making visits to the Central Market a regular weekend activity and offers the flexibility to spontaneously drive to the coast whenever the mood strikes.
https://www.homely.com.au/homes/28-vinrace-street-adelaide-sa-5000/10809755
House prices in Stafford Street, Adelaide – $1,100,000
Located at the core of Adelaide’s City Centre, 8 Stafford Street epitomizes a harmonious mix of coziness, elegance, and practicality. Recently updated to include pristine solid timber floors and soft, luxurious carpets, the home radiates a modern and inviting vibe, enhanced by a range of neutral shades that accommodate any decorative style.
https://www.homely.com.au/homes/8-stafford-street-adelaide-sa-5000/10705550
House Prices in Hobart, Tasmania
Discover a charming home in a coveted suburb featuring a modernized kitchen with neutral tones, quality stainless-steel appliances, a lounge room with a gas fireplace, a neatly presented bathroom, and a separate studio or utility room. Presenting an excellent opportunity in Sandy Bay, this well-constructed brick house stands on a spacious 551 square meter plot adjacent to the Sandy Bay rivulet, offering a serene setting accompanied by the soothing sounds of flowing water.
https://www.homely.com.au/homes/4-burnett-street-north-hobart-tas-7000/10823500
Priced at $645,000
Barton Avenue, West Hobart – $895,000
Hidden on one of West Hobart’s most secluded streets, this property is a true hidden gem, offering a multitude of possibilities! Presently arranged as two distinct rental units, you have the freedom to maintain it, or transform the entire structure into a large single-family home.
https://www.homely.com.au/homes/7-barton-avenue-west-hobart-tas-7000/10742849
Melville Street, West Hobart – $895,000
Uncover the charm and enduring beauty of this enchanting home, constructed in the 1870s and situated in a sought-after area of Hobart. Featuring two living rooms, four bedrooms, and one bathroom, this two-story, attractive brick dwelling offers a practical layout that beautifully blends its historical appeal with contemporary convenience.
https://www.homely.com.au/homes/216-melville-street-west-hobart-tas-7000/10746418
House Prices in Darwin, Northern Territory
This secluded treasure, nestled within private fencing on an expansive 889 sqm plot featuring dual access in a desirable area, offers a distinctively private estate equipped with an inground saltwater swimming pool.
https://www.homely.com.au/homes/49-flinders-drive-stuart-park-nt-0820/10167516
Priced at $650,000
Larrakeyah, Northern Territory – $660,000
This sophisticated three-bedroom apartment presents panoramic views across the verdant Esplanade gardens and gives purchasers entry to one of Darwin’s most exclusive residences, ideally located just steps away from the vibrant selection of bars, eateries, and entertainment options the city has to offer.
https://www.homely.com.au/homes/20-1-daly-street-larrakeyah-nt-0820/10537519
Stuart Park, Northern Territory – $830,000
Situated right across from Stuart Park Primary School on a 984sqm lot, this single-story family residence merges functionality, ease, and adaptability all in one package.
https://www.homely.com.au/homes/5-nudl-st-stuart-park-nt-0820/10567410
Where in Australia will you move?
You can see there is still a lot of value available when it comes to properties all across Australia. There is something for all kinds of budgets too, whether you are looking for the best value or have a bit more flexibility on where to live.
Just remember that the property you choose to live in can make a massive difference to how you adjust to life in a new country so make sure that you find one that suits you and your family perfectly.
Looking for help moving to Australia?
If you are looking to move your belongings to Australia from the UK, PSS International Removals will be able to help you.
For over 40 years, PSS International Removals have helped thousands make their dream move to Australia.
You will be assigned your own personal move manager who will take care of the removal process and ensure your goods arrive safely to Australia from the UK. Whether you are needing a large household removal, or just looking to ship a few boxes to Australia, PSS International Removal is the leading removal company in the UK and will be able to help you with making the move down under.
To get an estimated quote for shipping to Australia call our team for more information.
