How much does it cost expats to live in Australia? The answer is more than it used to, according to an article on Telegraph.co.uk about The true cost of expat living in Australia:
All of the basic commodities – bread, fruit, milk – are more expensive than I can previously remember, the cost of petrol has risen, house prices continue to climb, and the only saving grace is that interest rates seem to be dropping whilst salaries remain high, even if I feel constantly penniless and barely scraping by.
Perhaps I’m just whinging, as all British expats here allegedly do, but expat life in Sydney has grown far less affordable over the past five years, which make it far more appealing to be some place else.
Expats need to do so much homework to prepare for the economic realities of moving overseas to live abroad. The trick is not to just focus on current conditions, but to assess what your options will be if should these change in six months, a year or even further on down the road.
Creating spreadsheets for varying scenarios might seem a little over-the-top now, but they’ll serve you well in the end when the economic climate goes up or down.