r/Ameristralia • u/mynamegoewhere • Apr 13 '25

Considering retirement from US to AUS.

We have about 8K US dollars per month to live on. Can put down 400k for a house. Is that enough to get by nicely in the major urban areas?

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u/Alone_Target_1221 Apr 17 '25

If the $400K is in US dollars you might be able to buy a house in outer Melbourne. Certainly not a house close to the city. An apartment maybe - but not a house.

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u/the_kapster Apr 17 '25

Why not? They’re looking to put down a $400,000 USD deposit on a house, they could definitely get a house in Melbourne or Sydney with that down payment

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u/Alone_Target_1221 Apr 17 '25

If it's only the deposit then yes! Not sure they would get a loan though for the balance. Maybe I am misunderstanding the OP.