‘You might be disappointed,’ say Britons considering relocating to Australia.
FOR MANY BRITISH PEOPLE seeking for warm weather and stunning scenery, relocating to Australia is a dream come true. This website consulted an expert to see if an expat bargain could be found in Australia.
Expats seeking for affordable housing in Australia may be disappointed, according to Christopher Nye of Australia Property Guides. However, there are a few regions that are less expensive for Britons.
“For younger British people seeking for a bit more space, nicer weather, and a more outdoorsy culture than the UK to raise a family, Australia has always been a fascinating option,” Christopher added.
“However, they may be disappointed if they expect to discover affordable family houses.
“The average price of an Australian house is now about A(dollar)1 million (over £500,000), up 3.5 percent in September 2021 alone, with flats (referred to as “units” in Australia) exceeding A(dollar)609,000 (£330,000).”
Higher property prices may deter some British expats from relocating to Australia.
“Of course, you may still locate discounts, fixer-uppers, or more cheap places,” Christopher told this website.
“When it comes to state capitals, Sydney is the most expensive while Hobart is the most affordable.”
Tasmania’s capital, Hobart, is a small island state off the coast of southern Australia.
“Traditional British choices, Perth and Adelaide, are quite inexpensive at half the price of Sydney, with Melbourne sandwiched between the two,” Christopher added.
Many Britons who opt to relocate to Perth, Western Australia, already have friends or relatives there.
“If you’re a permanent legal resident of Australia, you may buy just like an Australian, with no limits,” Christopher explained.
“However, we’ve discovered that there are a lot of British buyers who don’t want to take up residency.”
“For example, retirees who want a house near their young offspring who have gone to Australia so they may visit them for a month or two every year without feeling obtrusive.”
“These individuals, as well as investors, will need to obtain FIRB (Foreign Investment Review Board) permission, and they will be confined to select new-build homes.”
“A(dollar)5,600 (£3,019) is required for a property worth up to (dollar)1 million (£539,000).”
If potential British expats without residency wish to buy a home in Australia, they must carefully consider the additional expenditures.
Non-residents may be able to move to Australia more easily in the future, according to Christopher. “Brinkwire News Summary.”