Victoria, AUS Luxury Real Estate - Homes for Sale (2024)

FAQs

What is the best house in Victoria Australia? ›

The verdict is in: Victorians rate the Pratt family's exclusive Kew mansion as our state's finest home. Votes from Herald Sun readers backed the real estate team's ranking of Raheen as Victoria's No. 1 residence in last weekend's Top 50 Homes special.

Yes, foreigners can buy property in Australia, but they are subject to specific regulations set by the Foreign Investment Review Board (FIRB). While non-residents can purchase new properties or vacant land for development, they generally need FIRB approval to buy existing residential properties.

The home is located close to Victoria's most expensive abode, 29-31 St Georges Rd which sold for $80,000,088 in August last year. Another pad at 17 St Georges Rd fetched $74.5m that same month.

The current average price of houses for sale in Victoria, BC can vary widely depending on the specific neighborhood, type of property, and market conditions. As of my last knowledge update in September 2021, the average price for houses in Victoria, BC ranged from approximately $600,000 to $1.2 million or more.

1. Toorak. Big surprise, right? Toorak has long been one of Melbourne's most affluent suburbs, with wealthy entrepreneurs and athletes calling it home.

3142 (Hawksburn, Toorak)

Victoria's 3142 postcode, which comprises Toorak and Hawksburn and sits just five kilometres southeast of Melbourne's CBD, is home to more of Australia's richest millionaires and billionaires than any other suburb in the country.

Foreigners, or non-residents, must apply for approval to buy Australian property with the Australian Taxation Office (ATO). These are reviewed on a case by case basis to ensure they are not contrary to the national interest, and ensure the investment is likely to bring some benefit to Australia.

No, you can't buy Australian citizenship. However, by investing in Australian real estate and committing to living in the country, you'll get closer to permanent residency. From there, you can apply to become an Australian citizen.

A common question from overseas investors is whether Non-Residents can get a loan to buy properties in Australia. The answer is “yes, you can”. Non-Residents are Individuals that have a Temporary Visa or are citizens from another country, and are living overseas. Read our guide finance for non-residents.

More billionaires from the list live in the elite Melbourne suburb of Toorak, five kilometres southeast of the CBD, than any other Australian suburbs. Toorak boasts gated cul-de-sacs, privacy hedges, tree-lined streets and 22 of Australia's richest people.

Why are houses in Victoria so expensive? ›

Australian house prices are significantly affected by the country's high population growth and the scarcity of well-located residential land. This results in high demand for housing, especially in urban areas, which drives up prices, leaving many potential homebuyers unable to afford city living.

Last year crypto magnate Edward Craven purchased the so-called Ghost House at 29-31 St Georges Road, Toorak of $80M, breaking the record for the most expensive property ever transacted. The house has been incomplete and uninhabited since 1991. 29-31 St Georges Road.

The Living Wage for our region is calculated annually by the Community Social Planning Council of Greater Victoria (CSPC) and is based on a 35 hour work week. At $24.29/hour ($44,208 annually per parent), the 2022 Living Wage for Greater Victoria is a $3.83 increase from 2021.

Some factors that may have contributed to the increase in property prices include: greater availability of credit due to financial deregulation. low interest rates since 2008, increasing borrowing capacity to borrow due to lower repayments. limited government release of new land (reducing supply).

But housing in Victoria has become increasingly expensive, and public anxiety about housing affordability is rising. Home ownership is falling, renter poverty is rising, and more people are becoming homeless. The pandemic has made the crisis worse.

The Sydney Opera House is a multi-venue performing arts centre in Sydney, Australia. Located on the foreshore of Sydney Harbour, it is widely regarded as one of the world's most famous and distinctive buildings and a masterpiece of 20th-century architecture. Reference no.

Sydney Opera House: One of Australia's most famous attractions celebrates its 50th birthday in 2023.