Australian real estate is quite similar to New Zealand but Australia is so much bigger, so the Australian property market is more competitive than NZ for both renting and buying.
Like New Zealand there are positives and negatives to each city and each suburb and it is important to do research before you leave New Zealand, especially before you make any fixed arrangements.
What you will find in this post:
It is highly recommend to give yourself some time to find which city and suburb suits you and your family best before you buy or rent any real estate in Australia and sign into a fixed term agreement, which most leases are.
Editor’s Note: I recommend living in short term accommodation when you first move to Australia. A lot of the apartments and Motels will give you a good rate for a fixed time, e.g. five weeks or three months. Australian suburbs are a lot bigger than NZ, the distance is quite deceiving on a map.
When we first moved to Australia we moved to the Gold Coast. After moving from Broadbeach to Surfers Central, then to Main Beach, we finally decided that Brisbane would be better for work and us, so we moved up there. Lucky we had family to stay with for three months while we got to know Brisbane.
We ended up living in Bulimba, which had everything we were looking for. The only way we found out about Bulimba was from a Taxi driver after we had been there for six weeks. TALK TO EVERYONE and find out from people who have lived in the city the pros and cons of the different suburbs. It helps to know what type of suburb you like to live in and to give yourself time to do the research.
While you are still deciding which Australian suburb you want to live in and waiting for your furniture to arrive, here are a few short term living options.
The best and cheapest option, as not only will you get cheaper board you will also be able to discuss different suburbs with them as you are exploring.
Next cheapest is Airbnb! This wasn’t around when we moved, but I wish it was. There are so many renting options. It allows people to lease or rent short-term lodging including holiday cottages, apartments, homestays, hostel beds, or hotel rooms at great rates: https://www.airbnb.com.au/.
Most short term Australian rental accommodations will give a special rate for a fixed term stay of five weeks or more. You will need to contact each place directly (Google search) but the rate will end up close to what renting will be without having to sign into anything long term. This will give you time to explore your new city and it’s suburbs.
On Craigslist you can find a lot of different housing options including: apartments / housing, housing swap, housing wanted, office/commercial, parking/storage, real estate for sale, rooms/shared, sublets/temporary and vacation rentals.
The Australian rental market is very competitive, especially in the main cities. Most Australian rentals will require you to submit a tenancy application, accompanied with the following documents, so it is best to have all the information ready to go:
Most real estate agencies will require potential tenants to include at least 100 points of ID. To collect these points there are multiple documents that have a value that can add up to 100 points. Most commonly used documents are a passport (50 points), drivers licence (40 points) and bank statement (20 points).
Below lists the type of documents and there points value. Before you gather the documents make sure you check with the property manager as to their criteria because this may vary for different agencies. If you have in possession the application form then it should be clearly outlined the acceptable documents.
|Documents required for 100 points identification check||Per|
|Drivers Licence||40 points|
|Photo ID||40 points|
|Bank Statement||20 points|
|Birth Certificate||20 points|
|Utility Bills with Current Address||20 points|
|Current Tenant Rent ledger||20 points|
|Current Vehicle registration||20 points|
|Centrelink Statement||20 points|
|Last 2 Rent Receipts||20 points|
|Medicare Card||10 points|
|Written rental reference||10 points|
The best place to look for rentals is on the internet. However, all the best properties are snapped up quickly so there isn’t much point in seriously looking until you are two weeks away from being ready to move in. Below are some rental websites:
House’s and apartments come furnished or unfurnished and are generally for a fixed term of six months to a year.
Editor’s Note: We found realestate.com.au the best website as it had all the major listings in one place. We didn’t have all the documentation ready when we first started applying for rentals and we missed out on a couple. Once we got reference letters from our previous landlords and proof that we were great tenants, we applied for four places and got the option of two.
Connecting utilities in Australia is not as simple as in New Zealand because all the utility companies want paperwork, e.g. proof of address, bank statements, drivers licence, and you will not have what they want if you have just moved to Australia.
Therefore we highly recommend using a company to arrange the connection of your utilities for you. They do not need proof of address or three months bank statements and will arrange all your connections with one phone call. They offer all current specials run by suppliers, which are normally the cheapest and/or best deal you would get if you were to weight up all offers from all suppliers… what I did first!
It is normal for landlords to request between 2-4 weeks rent as bond and 2-4 weeks rent in advance. This means that you will need to be prepared to front up with somewhere between 4 and 8 weeks rent before moving into your new place. Your bond with be lodged with the Residential Tenancies Bond Authority (RTBA) and returned to you minus the cost of any damages when you leave.
Buying a home (real estate) in Australia is very similar to New Zealand. Below are the main websites for real estate listings in Australia:
You can research median house prices on the Australian Property Monitors (APM) website by following the below link:
If you still have unanswered questions about Australian Real Estate, please ask using the comments field below and we will get back to you asap.