Australia
Should I buy or rent a home in Australia?
If you have not spent a lot of time in Australia, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Australia is typically recommended if you are planning on staying in the country for more than two years and if you feel financially stable enough to commit to a mortgage. Renting gives you the flexibility of not having to worry about the costs, repairs and upkeep of being a homeowner. However, you may not be able to build any equity in the property if you decide to rent. It really comes down to a personal choice and the financial ability to back up that decision," mentioned another expat when asked about moving to Australia.
Other Questions:
- What do I need to know before retiring in Australia?
- How do I meet people in Australia?
- What is life like in Australia?
- Is there a lot of crime in Australia?
- Is there a lot of diversity? Are people in Australia accepting of differences?
- What are the schools in Australia like?
- Is the cost of living in Australia high?
- What advice do you have for expats having a baby in Australia?
- What are healthcare services like in Australia?
- Is the cost of living in Australia high?
- What type of recreational facilities are in Australia?
- What is the weather like in Australia?
- Are there good restaurants in Australia?
- Where will I buy groceries and do other shopping in Australia?
- What are the visa & residency requirements in Australia?
- Are healthcare and health insurance expensive in Australia?
- What do I need to know when buying property in Australia?
- Are foreigners allowed to own property in Australia?
- What appliances are typically included in a rental?
Should I buy or rent a home in Australia?
If you live in Australia, newcomers to Australia would love to hear your answer to this question.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad 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.
