Different Ways To Own A House In Australia



Owning a home in Australia is something that many people dream of. It’s the ultimate symbol of success and security, but it is also one of the biggest financial decisions you will ever make. That is why it is important to be informed about all the different ways you can own a home in Australia.

Straight up a house purchase

If you’re looking to get into the real estate market and want to buy a house outright, you will have many options. Here are some benefits of owning your own home:

  • Buying a house is an investment. The value of your property will increase over time, providing you with valuable capital gains when it comes time to sell.
  • Buying a house is a great way to start a family. The added space allows for more room for children and pets, which can be essential when considering where and how many children will live in the future.
  • Buying a house is generally good for building equity; as long as you do not incur any negative equity (more mortgage debt than property value), this can be helpful in preparing yourself financially for other purchases like cars or boats later on down the road!


A mortgage is a loan that enables you to buy a house or an investment property. It’s usually repaid over many years, and the payments are recovered through your home’s value as it increases in value.

Mortgages can be used for a variety of properties, including apartments and units, townhouses, duplexes, and even granny flats.

While there are several different types of mortgages available with varying terms and conditions (including interest rates), most borrowers will choose between two main types:

Buy a Granny Flat

If you’re looking to live in a more affordable suburb and save money on your mortgage, then a granny flat may be the right choice for you look at granny flat builders in Lennox Head. A granny flat is a small, self-contained unit on a residential property. It’s normally used as an additional accommodation for family members or investment property by older homeowners. The good news is that there are plenty of these properties available throughout Australia at prices that start at $50k!

However, if you want to take it up one more notch, there are also many new subdivisions where developers are building granny flats ready for sale off plan (meaning before they’re constructed). These can be purchased with other homes in the subdivision at discounted prices, which means savings on stamp duty too!

If none of those options sound appealing, then check out this guide about how we can help find existing granny flats near where you’re looking to buy now!

Custom Build Your Home

Custom-building your home is the most expensive way to go. However, this option also gives you the most freedom: you can choose your own builder, like these Brisbane custom home builders, and decide exactly how you want your house to look.

This can be a great investment if you’re planning on living in the property for many years. It also makes it easier to design energy-efficient homes that meet Australian Standards and meet government regulations by using renewable resources such as solar panels or insulation that reduces heat transfer through walls.

Custom building a home is ideal if security is an important factor for you, but bear in mind that it can take longer than buying an existing property, especially if there are setbacks with obtaining permits from local councils.

Leveraging Your Super

Can i buy my house with my superannuation? You might be surprised to learn that superannuation is not an investment product. Superannuation is a large pool of money, and it can be used to purchase property in Australia.

Superannuation is tax-free, and your super savings will remain invested until you retire from the workforce.

If you have enough saved up in your super fund, it may be possible for a single person or couple with no dependents on their behalf to purchase an existing home using their personal funds alongside their superannuation savings.

Living with parents

If you don’t have the money for a deposit or can’t afford to contribute, your parents can help you out. A small deposit and a mortgage may be enough to get into the property market, but there are other ways to own a house in Australia at an affordable price point.

Some people will also consider living with their family until they are able to break away. This is called ‘sugar-daddy,” where a younger person lives with their parents and has them pay most of their bills while providing financial support in return.

The government offers many incentives for those who want to build or buy custom houses, such as superannuation tax benefits, interest subsidy grants, and low-interest loans from banks that can be used towards construction costs (as long as they meet certain criteria).

Renting with friends

If you’re not able to buy a house yet, renting with friends can be a great way to save money. And if your real estate agent is anything like ours, they’ll be quick to tell you that buying a property with friends has been the only way for many young Australians to get their foot on the property ladder.

Renting a house with others has some obvious advantages: it’s cheaper than renting alone; it makes your commute shorter and easier; and usually, there are more people in one place, so it’s nicer and safer. But there are also disadvantages: if one person moves out or breaks up with their partner, then it could mean moving out yourself as well; finding new tenants may prove difficult in some parts of Australia after Brexit when EU nationals might no longer want to live here (but please don’t worry about this).

Read more to find out more ways to own a home in Australia

Want to own a home in Australia? Here are some ways you can do it:

  • You can buy a house through the auction process, which is the most common way of buying property in Australia. This is where an estate agent registers all prospective buyers’ names, who are then given an opportunity to bid on the property at auction. The highest bidder will win the right to purchase the house and pay for it within 10 days or so after being notified that they’ve won.
  • You can buy a house after having found out what its market value is by getting quotes from different real estate agents (REAs), who will offer you their best estimate of how much someone else would be willing to pay for your property if they had their eye on it too.*


If you’re looking to buy a house in Australia, you’ll have a lot of options. Whether you want to buy a new home or one that needs renovation, there are many ways to do so. It can be daunting to make the decision on what best suits your needs and budget, but as long as you do your research and plan ahead of time, it will all work out!

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