Second Homes
Is Sydney a Good Second Home for Indian Families?
Second homes fail on running cost and usage, not on purchase price. Here is how Sydney performs on both.
99Habitat Research · 29 Aug 2026 · 5 min read
In short
Sydney suits education, family relocation, long-hold growth. Entry begins at AUD 1.5M for quality apartments, and foreign investment review board approval required; new dwellings in most cases
The case for it
Sydney is bought by Indian families around university and migration plans. Foreign nationals generally require approval and are usually limited to new dwellings.
Education-driven demand, with foreign-buyer rules to navigate.
Usage honesty
Most second homes are used four to six weeks a year. At that level, the asset has to justify itself on appreciation or rental income, because the emotional case will not cover eleven months of standing costs.
If letting is part of the plan, expect 3–4% gross gross — and appoint a manager before completion, not after.
Ownership and paperwork
Foreign Investment Review Board approval required; new dwellings in most cases
Residency position: no property-based route
Process: FIRB approval, contract exchange with deposit, settlement — six to twelve weeks.
Our verdict
Buy in Sydney if your objective is one of education, family relocation, long-hold growth — and if the family will genuinely use it or let it. Surcharges materially change the maths. Model total cost including annual surcharges.
References
This article is general information, not investment, tax or legal advice. Rules change — confirm current requirements with qualified counsel before you transact.
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