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In Australia buying your own home is considered 'The Great Australian Dream'. Prices on property vary greatly not only from city to city, but within cities from suburb to suburb. Most buyers purchase homes by taking up a bank loan and repaying it over 25 to 30 years. The initial deposit can be anything between 10% and 20%. Most often properties are sold by Real Estate agents, advertised in newspapers the same as for rental properties. Sometimes properties are sold directly by private owners (in which case there is no agent's commission). The largest online property websites are http://www.domain.com.au and http://www.realestate.com.au, are an additional source of properties to buy. People moving with school age children generally look for a home that provides easy access to the children's school and then 'commute' to work.

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Information courtesy of Sue Ellson, Founder of Newcomers Network and Dina Zavrski-Makaric, Sydney Representative of Newcomers Network and Personal Coach and Counsellor of Challenging Directions.

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