is 100k enough to migrate to Australia

Go Back   Expat Forum For People Moving Overseas And Living Abroad > Australasia & the Pacific Islands > Australia Expat Forum for Expats Living in Australia

Australia Expat Forum for Expats Living in Australia Have you moved to Australia from another country? Are you thinking about making Australia your new home? Want to meet others like you and discuss immigration, property, sport, socialising, food, cars, insurance, laws, taxes and anything related to Australia?

is 100k enough to migrate to Australia


Reply
 
Subscribe to this Thread Thread Tools
  #1 (permalink)  
Old 16th August 2011, 10:52 AM
New Member
 
Join Date: Jan 2011
Location: Kuwait
Posts: 33
Rep Power: 0
shahim is on a distinguished road
4 likes received
10 likes given

Users Flag! Originally from india. Users Flag! Expat in australia.
Default is 100k enough to migrate to Australia

Hello Dears,

I am an IT Project Manager currently working in Kuwait (Middle East), though originally from India. I am planning to migrate to Australia along with my wife & 10 month daughter with the dream of securing our future.

My plan is to save about 100k AUD before going to Australia.
Would this amount be sufficient to start off in Australia, what is the average monthly costs in Melbourne.
Also could you please suggest what would be my initial expenses after reaching Australia.

Reply With Quote Quick reply to this message
  #2 (permalink)  
Old 16th August 2011, 11:00 AM
leptokurtic
Guest
 
Posts: n/a

Default

Consider this. South Australia requires a single person to show proof of $25000/- when granting sponsorship. For each additional person how is going to be included in the application, they require an additional $5000/- to be shown. I know the cost of living would be different in Melbourne, but it certainly WILL NOT be 4 times the cost in SA. So you are safe with 100K AUD. There is a cost of living sticky thread at the very beginning of the forum. Read that. Also follow the recent posts by anj1976 to get a better idea of costs. Hope this helps!!!!

Reply With Quote Quick reply to this message
  #3 (permalink)  
Old 16th August 2011, 11:01 AM
New Member
 
Join Date: Aug 2011
Location: Humberside
Posts: 1
Rep Power: 0
eddythedog is on a distinguished road

Users Flag! Originally from uk. Users Flag! Expat in australia.
Default

I did it on a lot less. It was hard but I had a great time for over 8 years until the TCC hit. I am planning on returning later this year with a bit more than last time but less than half of your 100K.

Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
  #4 (permalink)  
Old 16th August 2011, 11:19 AM
New Member
 
Join Date: Jan 2011
Location: Kuwait
Posts: 33
Rep Power: 0
shahim is on a distinguished road
4 likes received
10 likes given

Users Flag! Originally from india. Users Flag! Expat in australia.
Default

How much would buying a home cost in Australia... i am talking of a modest setup

Reply With Quote Quick reply to this message
  #5 (permalink)  
Old 16th August 2011, 12:18 PM
twister292's Avatar
Member
 
Join Date: Mar 2011
Location: Melbourne
Posts: 716
Rep Power: 336
twister292 has a reputation beyond reputetwister292 has a reputation beyond reputetwister292 has a reputation beyond reputetwister292 has a reputation beyond reputetwister292 has a reputation beyond reputetwister292 has a reputation beyond reputetwister292 has a reputation beyond reputetwister292 has a reputation beyond reputetwister292 has a reputation beyond reputetwister292 has a reputation beyond reputetwister292 has a reputation beyond repute
132 likes received
4 likes given

Users Flag! Originally from pakistan. Users Flag! Expat in australia.
Default

Quote:
Originally Posted by shahim View Post
How much would buying a home cost in Australia... i am talking of a modest setup
You can forget buying a house for anywhere less than 500k at least.

100k is a substantial amount nonetheless, and will be sufficient for probably a good few years worth of living expenses.

However, you would most probably find yourself a job some time after you arrive, so you should stay well south of consuming the whole 100k in a practical scenario.

Reply With Quote Quick reply to this message
  #6 (permalink)  
Old 16th August 2011, 12:28 PM
New Member
 
Join Date: Jan 2011
Location: Canada
Posts: 21
Rep Power: 0
tarazena is on a distinguished road
4 likes received

Users Flag! Originally from canada. Users Flag! Expat in australia.
Default

Wow- I wish I had $100 grand to move with...I'm going with $20 grand.

Reply With Quote Quick reply to this message
  #7 (permalink)  
Old 16th August 2011, 10:32 PM
Member
 
Join Date: Jul 2011
Location: Brunei
Posts: 58
Rep Power: 0
aliciathoo is on a distinguished road
1 likes received

Users Flag! Originally from brunei. Users Flag! Expat in australia.
Default

Quote:
Originally Posted by twister292

You can forget buying a house for anywhere less than 500k at least.

100k is a substantial amount nonetheless, and will be sufficient for probably a good few years worth of living expenses.

However, you would most probably find yourself a job some time after you arrive, so you should stay well south of consuming the whole 100k in a practical scenario.
Yes most hses r extremely expensive! Wld it b advisable to rent or buy (if able to get loan) as renting a proper hse is also very expensive and rental can b paid as instalments.

Reply With Quote Quick reply to this message
  #8 (permalink)  
Old 17th August 2011, 12:24 AM
New Member
 
Join Date: Aug 2011
Location: Sydney
Posts: 1
Rep Power: 0
VISAINFO is on a distinguished road

Users Flag! Originally from australia. Users Flag! Expat in australia.
Default response to whether 100k is enough

Quote:
Originally Posted by shahim View Post
Hello Dears,

I am an IT Project Manager currently working in Kuwait (Middle East), though originally from India. I am planning to migrate to Australia along with my wife & 10 month daughter with the dream of securing our future.

My plan is to save about 100k AUD before going to Australia.
Would this amount be sufficient to start off in Australia, what is the average monthly costs in Melbourne.
Also could you please suggest what would be my initial expenses after reaching Australia.
Hello

Living expenses in Australia can vary depending on where you choose to stay.
If you have been granted permanent residency then with your professional background you should be able to make it in Australia with 100K to start with.
You may be able to actually be able to organise a deposit on a small unit instead of renting one with that kind of money if spent prudently.

Reply With Quote Quick reply to this message
  #9 (permalink)  
Old 17th August 2011, 06:46 AM
Member
 
Join Date: Mar 2009
Posts: 541
Rep Power: 631
hari999999 has a reputation beyond reputehari999999 has a reputation beyond reputehari999999 has a reputation beyond reputehari999999 has a reputation beyond reputehari999999 has a reputation beyond reputehari999999 has a reputation beyond reputehari999999 has a reputation beyond reputehari999999 has a reputation beyond reputehari999999 has a reputation beyond reputehari999999 has a reputation beyond reputehari999999 has a reputation beyond repute
4 likes received
6 likes given

Users Flag! Originally from india. Users Flag! Expat in australia.
Default

Quote:
Originally Posted by shahim View Post
How much would buying a home cost in Australia... i am talking of a modest setup
Like in Europe and US Australia did not face a Real Estate Recession,
So its very costly to own a house.
I think it will cost more than 500k for a 3 bed.
But may get a appartment of 2 bed for 350k

Thankyou

Reply With Quote Quick reply to this message
Reply


Tags
budget australia shahim

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Expat Forum For People Moving Overseas And Living Abroad forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Location
Where you live
Expat From Country
Please select the country you originate from. This will appear as a flag when you make posts on the site.
Expat To Country
Please select the country you have either moved to or want to relocate to. This will be presented on the site when you make posts.

Log-in


Thread Tools

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Planning to migrate to Australia Ravi974 Australia Expat Forum for Expats Living in Australia 6 31st January 2013 06:01 AM
Any Bench Joiners trying to migrate to Australia ? Ginjafro Australia Expat Forum for Expats Living in Australia 0 23rd March 2011 12:56 PM
School Teacher wants to migrate to Australia tt1980 Australia Expat Forum for Expats Living in Australia 4 3rd October 2010 09:07 AM
Migrate to Australia... can anyone help? bumba Australia Expat Forum for Expats Living in Australia 1 28th December 2008 06:22 AM

FORUM PARTNERS

ExpatForum.com is owned and operated by VerticalScope Inc.

Retiring Overseas Guides | Moving Overseas Guides | Cost of Living | Health Care Guides


All times are GMT. The time now is 01:58 AM.


Powered by vBulletin®
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.