Moving from the UK to Australia
Australia has long welcomed British arrivals with open arms ― and with well over a million UK nationals currently living here, you’ll have no trouble feeling right at home.1 Whether you’re taking a gap year, setting out on a working holiday or looking to create a permanent new life down under, here’s what you need to know to get settled in.
Australia’s strong economy and laid-back lifestyle make it an attractive destination for working holidaymakers from the UK. And Australia isn't just for backpackers. There are a range of visa options for employer-sponsored workers with skills in demand, along with students, family and business immigrants. To find out more, check out the Department of Immigration and Border Protection website.
Whether you’re planning to rent or to buy, Australia has accommodation options to suit everybody, from deserted beachside towns to bustling city centres. As in the UK, housing prices vary enormously between cities and regions. Housing costs in Sydney now rival London, with a median dwelling price typically more than double that of Hobart’s.
You can get a head start on your accommodation by doing some research online with popular property websites. Then, when you’ve narrowed down your search, ask your CommBank Relationship Manager for a free, customised Property Report on your chosen location or property.
Whether you’re a student, backpacker or skilled migrant, Australia has plenty of job opportunities on offer. You’ll need to check your visa for any restrictions on the type and amount of work you can do in Australia.
It’s easy to start your search online before you arrive. There are websites that cater for skilled workers and a variety of job boards and specialist sites geared towards backpackers. Learn more about finding a job in Australia.
Depending on where you choose to live, Australia can be even more expensive than the UK15, so it’s good to be prepared.
The Australian government’s Study in Australia site has a useful overview of typical living costs, along with financial requirements for student visas. You can also use our handy foreign exchange calculator to find out how much you need in UK Sterling at today’s exchange rates. In general, the government recommends new immigrants arrive in Australia with at least AU$5,000 to support themselves while they settle in.16
Fortunately, our International Premier Banking Team can help you move your banking to Australia and answer any questions you might have. You can also open an Australian bank account online up to three months before you travel to Australia, so you can have funds ready and waiting for when you arrive.
Things you should know
1 Australian Bureau of Statistics, Migration Australia, 2015.
2 CoreLogic RP Data, Hedonic Home Value Index, February 2016
3 Deutsche Bank Research, The Random Walk, Mapping the World's Prices, April 2015.
This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice.