Australia: property down under
Wednesday, December 31st, 2008
It’s one of the most popular countries for people moving abroad, and with year-round sunshine, a good standard of living and a property market that’s not dissimilar to the UK, it’s not surprising. If you’re feeling tempted to head down under, then here are some useful facts on property, emigration and living in Australia.
- Foreign buyers are able to purchase property in Australia, but you may first need to get permission from the Foreign Investment Review Board.
- If you’re renting property, perhaps whilst looking for somewhere to buy, you will have to sign a tenancy agreement and pay a bond, which is usually about four weeks rent in advance.
- Like the UK, property in Australia is bought and sold via real estate agents, but it’s also very popular to buy and sell homes at auctions.
- Non-resident property owners are taxed on Australian income and capital gains tax. This is a rate of between 29% and 45%. If you become a full-time resident, you won’t get charged capital gains tax.
- If you have a permanent resident visa and live in Australia, you’ll need to take an Australian driving test after three months – even if you already have a license to drive in the UK.

- It’s worth bearing in mind that skilled workers are often in demand in Australia. For details about visas, and the Australian General Skilled Migration Program, see the Australian Visa Bureau website.
- If you’re feeling inspired by the new film, Australia, starring Nicole Kidman and Hugh Jackman, then you may be interested to know that it was filmed in various areas of Western Australia, New South Wales, Queensland and the Northern Territory. You can search Primelocation.com for property for sale in Australia.