Expat Housing Guide: Moving to Sydney

Sydney's housing market is notoriously competitive and expensive, ranking among the world's least affordable cities. Prices have shown consistent long-term growth despite occasional corrections, with a significant uptick post-pandemic. The market features a mix of high-rise apartments in the CBD and inner suburbs, traditional detached houses ('bungalows') in middle-ring suburbs, and newer master-planned communities in outer areas. Waterfront properties command substantial premiums, especially those with harbour views. The rental market is tight with vacancy rates typically below 3%, creating a landlord-favorable environment. International investors, particularly from Asia, have significantly influenced the market, though foreign investment restrictions have tightened in recent years.