How much does housing cost?
There are some raging debates going on over at the blog about the cost of housing here in Australia. The debate, of course, is are houses cheaper in the UK or in Australia?
Go back to 2007, for me there was no debate. Australian houses were a fair bit cheaper and much bigger. By 2011, with the pound a little weaker, there was probably not that much in it in terms of cost, but you still got a much bigger house for your money here. Of course, I’m talking about the difference in prices between the UK and Australia, so it very much depends which country you’re coming from.
What the future holds, who knows? For those of you who are exchanging British currency from the sale of your UK home and changing it into Australian dollars, or any currency to buy a house here, the exchange rate is everything. As exchange rates can change fast, how the prices compare largely depends on what day you turn up.
With the Brexit vote in June 2016, the value of the pound against the Australian dollar tumbled. Unless the pound manages to recover significantly over time, those of you coming here from the UK will most likely find our house prices to be quite expensive.
All you can do is shop and compare. And the best place to do that is on Australia’s number one real estate portal, realestate.com.au.
It’s easy to go shopping for houses:
- Click on either the Buy or Rent link below.
- In the main search box, type in the state, city or any of the suburbs you are interested in, or highlight them from the drop-down menu.
- Then select your preferences; number of bedrooms, type of property and a minimum and maximum price.
- Hit the big red search button.
Do you want to buy or rent?
Happy house hunting!
More useful links:
Some of these posts are a little out of date now, but they are still worth a look….
Finding a Job and Somewhere to Live in Australia
Australia vs England at House Prices
The Cost of Living in Australia: House Prices
The Cost of Living in Australia: House Prices Revised
The Cost of Living in Australia: House Prices Part Four
Cost of Living in Australia: Stamp Duty
UK and Australian House Prices Compared; Cities and Regions 2016
Average Rental Prices by Capital Cities in Australia