Buying or renting

[Waldo]

Hi,

what do you Advise when I fist get to Oz.... do you rent first or buy?

Is it hard to buy in Australia when you first get there as you won’t have any work history or credit reference.

Thanks in advance 

[Parley]

It takes time to buy a house and then move in, so I don't think you have a choice. You would have to rent somewhere first even if looking for a house to buy.

Renting until you are familiar with an area you like is probably good anyway.

Maybe plan on renting for a year, and then if it is less that is ok.

Edited May 11, 2021 by Parley

[Marisawright]

Rent first. 100%, no doubt.

First and most importantly, you're arriving in a city you know nothing about. Rush into buying and you could easily pick the wrong suburb.   

Also, if you've never lived in Australia before, you might not settle - and if you've bought a house and then decide to go home, you'll be well out of pocket when you sell the home, owing to all the duties and taxes and fees you've paid.  You may be convinced you're moving for good, and I certainly hope you are--but anecdotally, up to half of all migrants do change their minds (mainly due to missing family too much).

[calNgary]

Most people seem to book a holiday let or short term let for the first month. This will give you time to look for, view and secure a longer term rental.  To secure a rental most of which are a 12mth lease you will need to provide ID and a covering letter explaining your new to the country hence have no aussie history. We have quite a few threads on the forum about what sort of ID and paperwork to provide but yell if you get stuck.

When to buy is personal choice, some people rent for a few months and then buy ,others rent for a few years.

 Cal x

[Bulya]

Rent.  Then when you realise you selected the wrong state/territory to live in, it’s a lot easier to move..