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Hi everyone,

I've just taken a job with a firm located near Times Square and am looking to find a good place to live in the NY suburbs with my wife and 7-year-old son.

We don't fancy living in apartments and would prefer to find a house (or what is known as a townhouse or terrace house in Australia / Britain). My wife is adamant we find a decent public school for my son -- we can't afford private school fees -- and I am pretty adamant that I want my commute to be less than 45 mins if possible.

We are happy to rent somewhere while we get settled and look for a place to buy. We're far from million-dollar home buyers and could maybe afford up to $600,000.

We're not really bothered whether we're in New York or New Jersey, so long as it's a safe neighbourhood, good for families, in a good school zone and the commute isn't too painful.

I might be dreaming, but we'd be really grateful for tips on where to look and how much rent per month we might expect to pay on a three-bedroom-plus house.

Also, we understand there are also annual property taxes in U.S. states which can be up to 2.5 percent of the value of the house. Would that mean, for example, paying $18,000 per annum in property tax just for the privilege of living in a house that we own?

If that's the case, does that almost defeat the purpose of home ownership or does property tax offset other taxes that you may be levied for, like income tax?

Many thanks for your help and advice.
Ian