323/298 Sussex Street, Sydney, NSW 2000
Sydney, Australia
Guide Price
$895,180
A$1,300,000 AUD · $616/sqft
PROPERTY TYPE
Condo
BEDROOMS
2
BATHROOMS
2
SIZE
1453 sq ft
Description
Apartment / Unit / Flat for sale at 323/298 Sussex Street, Sydney, NSW 2000. 2 bed, 2 bath, 2 parking.
Location
Open in Google MapsLiving in Sydney
Beautiful harbor city with a familiar Western lifestyle, but brace yourself for the price tag -- it's one of the most expensive cities in the world, with one-bedroom rents near the CBD running $2,500+/month. Salaries are higher than the US and worker protections are strong (4 weeks mandatory vacation), so quality of life often evens out. No language barrier, excellent healthcare, and easy beach access make it a soft landing for Americans willing to pay the premium.
Beach mornings before work, barbecues in the backyard with cockatoos overhead, and a sun-drenched lifestyle where everything might kill you but everyone is impossibly relaxed about it.
Visa
Skills in Demand Visa (Subclass 482) — employer-sponsored, requires 1 year of relevant experience and a salary of at least AU$79,499/yr (from July 2026). After 2 years, eligible for permanent residency via Subclass 186. For retirees, the Investor Retirement Visa (Subclass 405) requires significant assets.
Learn more: Digital Nomad Visas: Where You Can Live & Work in 2026→Key Fact
Australia has strict immigration quotas for non-EU workers and your employer must prove no Australian can fill the role. The upside: excellent healthcare, outdoor lifestyle, and high wages.
Learn more: What You Need to Know Before Moving Abroad→Australia at a glance
How Australia scores for American expats
Cost of buying in Australia
Estimated fees and ongoing costs for this property
Closing Costs
5-8% of purchase price
- ·Stamp duty: 3-5.5% (biggest cost)
- ·Legal/conveyancing: AU$1,500-3,000
- ·Building inspection: AU$400-700
- ·Pest inspection: AU$250-350
Annual Costs
Property Tax
0.1-2% of land value (varies by state)
Insurance
AU$1,500-3,000/yr
HOA / Condo Fees
AU$500-1,200/quarter for apartments (strata)
Good to Know
Agent Fees
Seller pays (1.5-3%)
Foreign Buyer Note
Foreign buyers need FIRB approval + pay extra 7-8% surcharge stamp duty. Generally restricted to new-build only.
Legal help in Australia
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in Australia?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
John Tsironis
Metro Realty
Next steps for moving to Australia
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
Domain
1,000,000
AUD