10 Charming Country Homes For Sale In Australia (2024)

FAQs

Can I buy a house in Australia as a foreigner? ›

Yes, foreigners can buy property in Australia, but they are subject to specific regulations set by the Foreign Investment Review Board (FIRB). While non-residents can purchase new properties or vacant land for development, they generally need FIRB approval to buy existing residential properties.

FAQ Section on The Cheapest Beach Towns in Australia

The cheapest coastal towns in Australia are San Remo and Eden in New South Wales, with median house prices around $690,000. In Victoria, Cowes and Portland are budget-friendly, while Bicheno in Tasmania offers more affordable home prices.

Tasmania offers the most affordable property options in Australia in 2023, with several suburbs boasting median house prices significantly below the national average. From the tranquility of Mayfield to the scenic beauty of Rosebery, there's a Tasmanian suburb to cater to diverse lifestyle preferences.

The number of residential dwellings in Australia rose by 52,500 to 11,134,600, and the mean price of residential dwellings rose by $13,400 to $933,800, this quarter. The mean price of residential dwellings in NSW ($1,184,500) remains the highest in the country, followed by the ACT ($948,500) and Victoria ($895,000).

Foreigners, or non-residents, must apply for approval to buy Australian property with the Australian Taxation Office (ATO). These are reviewed on a case by case basis to ensure they are not contrary to the national interest, and ensure the investment is likely to bring some benefit to Australia.

Byron Bay has the highest median house price of the three at $1,562,500. It's followed by Surfers Paradise and Noosa Heads, with respective medians of $1.55 million and $1.145 million. Meanwhile, the median unit price is $850,000 in Byron Bay, $890,000 in Noosa Heads and $380,000 in Surfers Paradise.

1. Coober Pedy, SA. Coober Pedy holds the crown for the most affordable suburb in all of Australia, with a median house price of $80,000! If you were to buy in Coober Pedy however, you'd want to be the type of person that doesn't mind small town life (and some seriously hot temperatures).

$200,000 can buy a house in a desirable regional location. If she were investing and wanted to go it alone and target a capital city, Bakos would consider “some dated two-bedroom units within 4km of Adelaide's CBD”.

Is Australian real estate overpriced? ›

In Sydney, houses were overvalued by almost 33 per cent, meaning the median house price would need to fall by about $458,000 based on CoreLogic figures to be considered “fair value”. In Brisbane and Canberra they were overvalued by 33.5 per cent and 31.1 per cent respectively.

House prices

At $530,000, Perth once again retained the title as having the cheapest median house price across the Australian capital cities, 47.6 per cent lower than the national median.

Sydney, New South Wales

In first place, the most expensive city to live in Australia would be Sydney, New South Wales. The average amount spent by students has been reported to be around AUD$2,600 a month.

Owning property is not an essential criteria that must be met when applying for permanent residence or citizenship.

No, you can't buy Australian citizenship. However, by investing in Australian real estate and committing to living in the country, you'll get closer to permanent residency. From there, you can apply to become an Australian citizen.

Provided that foreign investors are contributing to economic growth and have the necessary approval from the Foreign Investment Review Board's approval, they are permitted to purchase new dwellings and vacant land.

A common question from overseas investors is whether Non-Residents can get a loan to buy properties in Australia. The answer is “yes, you can”. Non-Residents are Individuals that have a Temporary Visa or are citizens from another country, and are living overseas. Read our guide finance for non-residents.