One of the most important Australian immigration information that many would want to know is how much does it actually take to live in the country. Thus, you can see so many quotations detailing the expenses that you will likely to incur when moving in to the land down under. However, you will likely be shocked at how much you will actually have to spend here.
This one is, in fact, a big headache for many new immigrants coming in. Often, they would arrive thinking that they have already taken care of the expenses, only to find out that it would be higher than they have first thought. This one has lately become more apparent with the economic crisis that hit many countries in 2008 and 2009. And so, here are some useful tips that can help you cope up with Australia's high cost of living.
Housing will probably be the biggest chunk of your expenses. A sizable house enough for five people would likely set you back around AU$ 500,000 if you are getting it in the city. However, you can actually buy a much lower house in the suburbs. This will cost you around 10 to 20 percent less than a unit in the major cities like Sydney.
Also, your choice of house will be another factor in the final cost of your housing bills. Here's a useful tip, you can actually try looking out for second hand units being sold in the market instead of new ones. This will often cost much lower fully furnished than new units that you will have to spend on first. However, make sure that you inspect first the house you are getting in order to assess how much additional repairs will cost you.
Transportation will also be another major part of your budget. However, if you have planned out beforehand the location of your home, then you can actually map out possible travel routes that will cut down on your expenses. And you can further cut down on your bill by using the public transportation system. You see, Australia's transportation network is very extensive and will get you anywhere. And it's very cheap too. You can even save a lot by purchasing a SmartRider card.
On the other hand, overall household costs can be minimized by removing all the unnecessary expenses. For instance, since cellphones are becoming a more common mode of communication, you can easily make away with a landline connection. Also, you can removed excess items from your budget, such as frequent nightouts or parties.
It is also advisable that you allot even a small amount for personals savings, this would be apart from your savings in the bank. Provide a sufficiently large container to put your loose change and extra money in. This way, you will have money on the go when you need it.
As you can see, with just a few simple tips, living in Australia is not that expensive at all. And if you are lucky enough, you can also save up money to enjoy the country more.
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