How much money......
Jan 9th 2011, 8:39 pm
#1
Forum Regular
Thread Starter
Joined: Feb 2009
Posts: 136
How much money......
Hi Guys
We are looking to move over to Perth in the next few months and have sold our house but will be keeping a buy to let over here in the UK.
As you can appreciate the exchange rate at the moment from the UK to the Aussie Dollar is less than desirable and for that reason I am worried about how much money to bring initially; and leave the rest in the UK until hopefully the exchange rate gets better (fingers crossed).
Can anybody please advise me what is roughly a good amount to bring for say the first year (I know you are probably thinking how long is a piece of string). We are a family of 4 with a daughter of 18 and son of nearly 7.
Your advice in this matter would be greatly appreciated.
Many thanks
Debbie
We are looking to move over to Perth in the next few months and have sold our house but will be keeping a buy to let over here in the UK.
As you can appreciate the exchange rate at the moment from the UK to the Aussie Dollar is less than desirable and for that reason I am worried about how much money to bring initially; and leave the rest in the UK until hopefully the exchange rate gets better (fingers crossed).
Can anybody please advise me what is roughly a good amount to bring for say the first year (I know you are probably thinking how long is a piece of string). We are a family of 4 with a daughter of 18 and son of nearly 7.
Your advice in this matter would be greatly appreciated.
Many thanks
Debbie
Jan 9th 2011, 10:45 pm
#2
Forum Regular
Joined: Mar 2008
Posts: 144
Re: How Much Money to Initially Bring?
Hi Debbie
You will likely get many more replies if you start a new thread with this question, as opposed to replying to an existing thread. Send me a PM if you need some help.
Lynette
You will likely get many more replies if you start a new thread with this question, as opposed to replying to an existing thread. Send me a PM if you need some help.
Lynette
Jan 10th 2011, 6:10 am
#3
Crazy Cat Lady
Joined: Apr 2004
Posts: 65,493
Re: How much money......
Moved it for you.
Jan 10th 2011, 6:44 am
#4
BE Forum Addict
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: How much money......
Hi Guys
We are looking to move over to Perth in the next few months and have sold our house but will be keeping a buy to let over here in the UK.
As you can appreciate the exchange rate at the moment from the UK to the Aussie Dollar is less than desirable and for that reason I am worried about how much money to bring initially; and leave the rest in the UK until hopefully the exchange rate gets better (fingers crossed).
Can anybody please advise me what is roughly a good amount to bring for say the first year (I know you are probably thinking how long is a piece of string). We are a family of 4 with a daughter of 18 and son of nearly 7.
Your advice in this matter would be greatly appreciated.
Many thanks
Debbie
We are looking to move over to Perth in the next few months and have sold our house but will be keeping a buy to let over here in the UK.
As you can appreciate the exchange rate at the moment from the UK to the Aussie Dollar is less than desirable and for that reason I am worried about how much money to bring initially; and leave the rest in the UK until hopefully the exchange rate gets better (fingers crossed).
Can anybody please advise me what is roughly a good amount to bring for say the first year (I know you are probably thinking how long is a piece of string). We are a family of 4 with a daughter of 18 and son of nearly 7.
Your advice in this matter would be greatly appreciated.
Many thanks
Debbie
I really wouldn't fancy living here for a year with no income, spending pounds for that period would be bad (e.g. £3 for a loaf of decent bread, £5 for a beer etc)...
Last edited by freebo; Jan 10th 2011 at 6:47 am.
Jan 10th 2011, 6:47 am
#5
Lost in BE Cyberspace
Joined: Feb 2009
Location: UK
Posts: 14,284
Re: How much money......
I don't know if I would be thinking in terms of how much money to bring for the first year, I would be thinking how do I need to bring over to get my through the next month or two. And then keep reviewing.
I know the exchange rate might get worse and indeed it has since we moved over, but we decided that we will sit it out and would bring over just enough to keep us going and would try to get as self sufficient as possible on Australian salaries as soon as possible.
So we transferred over a few thousand at a time as we needed it at first. Very easy to do with ozforex and the transaction fees are not high so it was not particularly expensive to do it that way.
I know the exchange rate might get worse and indeed it has since we moved over, but we decided that we will sit it out and would bring over just enough to keep us going and would try to get as self sufficient as possible on Australian salaries as soon as possible.
So we transferred over a few thousand at a time as we needed it at first. Very easy to do with ozforex and the transaction fees are not high so it was not particularly expensive to do it that way.
Jan 10th 2011, 7:24 am
#6
BE Enthusiast
Joined: Jul 2009
Location: Sydney
Posts: 313
Re: How much money......
I don't know if I would be thinking in terms of how much money to bring for the first year, I would be thinking how do I need to bring over to get my through the next month or two. And then keep reviewing.
I know the exchange rate might get worse and indeed it has since we moved over, but we decided that we will sit it out and would bring over just enough to keep us going and would try to get as self sufficient as possible on Australian salaries as soon as possible.
So we transferred over a few thousand at a time as we needed it at first. Very easy to do with ozforex and the transaction fees are not high so it was not particularly expensive to do it that way.
I know the exchange rate might get worse and indeed it has since we moved over, but we decided that we will sit it out and would bring over just enough to keep us going and would try to get as self sufficient as possible on Australian salaries as soon as possible.
So we transferred over a few thousand at a time as we needed it at first. Very easy to do with ozforex and the transaction fees are not high so it was not particularly expensive to do it that way.
Jan 10th 2011, 8:18 am
#7
Lost in BE Cyberspace
Joined: Sep 2005
Location: Somewhere South... Not Telling YOU
Posts: 10,959
Re: How much money......
How much you need is that how long is a piece of string question... you PR? or temp? What job do you have? Do you have a job to start as soon as you get here? Some peeps dont get work as quickly as they think they will.. Are you bringing ALL your stuff or do you need to set up again here? Are you buying a brand new car or a second hand one? Porshe or Ferrarri?
Living costs are quite high here... and I think EVERYONE underestimates the amount of cash it takes to get started... we did it on a shoestring and I started working within two weeks of arriving...
Living costs are quite high here... and I think EVERYONE underestimates the amount of cash it takes to get started... we did it on a shoestring and I started working within two weeks of arriving...
Jan 10th 2011, 9:03 am
#8
Still alive
Joined: Jan 2006
Posts: 28,994
Re: How much money......
Hi Guys
We are looking to move over to Perth in the next few months and have sold our house but will be keeping a buy to let over here in the UK.
As you can appreciate the exchange rate at the moment from the UK to the Aussie Dollar is less than desirable and for that reason I am worried about how much money to bring initially; and leave the rest in the UK until hopefully the exchange rate gets better (fingers crossed).
Can anybody please advise me what is roughly a good amount to bring for say the first year (I know you are probably thinking how long is a piece of string). We are a family of 4 with a daughter of 18 and son of nearly 7.
Your advice in this matter would be greatly appreciated.
Many thanks
Debbie
We are looking to move over to Perth in the next few months and have sold our house but will be keeping a buy to let over here in the UK.
As you can appreciate the exchange rate at the moment from the UK to the Aussie Dollar is less than desirable and for that reason I am worried about how much money to bring initially; and leave the rest in the UK until hopefully the exchange rate gets better (fingers crossed).
Can anybody please advise me what is roughly a good amount to bring for say the first year (I know you are probably thinking how long is a piece of string). We are a family of 4 with a daughter of 18 and son of nearly 7.
Your advice in this matter would be greatly appreciated.
Many thanks
Debbie
