HOUSING IN AUSTRALIA 
NEWS: from 1st July 2000 the Federal Government introduced a First Home Owner's Grant of $14,000 which is available to permanent residents to assist in the purchase their first home.
Australia has one of the highest home ownership rates in the world. In fact 70% of the Australian population are home owners. One of the great things about Australia is it's vast amount of land. This means that in general, property prices are relatively low compared to the rest of the world.
As a result, many Australians have large houses with big backyards.
Apartments are becoming more popular in the bigger cities of Sydney, Melbourne and Brisbane, and are well suited to younger people, and couples with small families. Apartments are also ideal for young professionals who need to live close to work and/or public transportation.
As a new migrant it's often wise to rent in your selected area before you decide to buy. By living in the area for a few months you will have the opportunity to assess all the practicalities (proximity to shops, schools and medical centres). You can also assess market trends and property prices, and learn of any planned development etc.
Below are some resources to help you buy, rent or share property;
www.domain.com.au
www.property.com.au
www.realestate.com.au
www.firb.gov.au - Foreign Investment Review Board
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