Move to AU

How to Save for a House Deposit in Australia 2026: A Practical Guide for Migrants Buying your first home in Australia is a cornerstone of the "Great Aussie Dream." However, for many newcomers and skilled migrants aged 25-45, the rising property market can feel like a moving target. As of early 2026, the Australian real estate landscape requires a more strategic approach to saving than ever before. This guide provides a comprehensive roadmap on how to save for a house deposit in Australia , specifically tailored for those balancing a career, family, and the costs of settling in a new country. Image Description: A photorealistic modern Australian home in a sunlit suburb, symbolizing the goal of home ownership. Understanding the 20% Rule and LMI In Australia, the standard deposit is typically 20% of the property's purchase price. For a $700,000 home in a suburb of Melbourne or Brisbane, that means saving $140,000. If y...

If you’re moving to Australia, one of the first things you’ll need is a local bank account. It will help you receive salary, pay rent, shop online, and avoid expensive international fees. The good news? Opening a bank account in Australia is surprisingly easy—even before you arrive. 1. Choose the Right Bank Australia has several major banks that are foreigner-friendly. The “Big Four” banks include: Commonwealth Bank Westpac ANZ (Australia and New Zealand Banking Group) NAB (National Australia Bank) All of them offer online account opening for international students, workers, and new migrants. 2. Decide When to Open You can apply for a bank account up to 3 months before arriving in Australia . Simply go to the bank’s website and fill out the online application form. Your debit card will be waiting for you at a local branch upon arrival. 3. Required Documents To open a bank account, you’ll need: Your passport Visa grant notice Australian address (can be...