One of the questions we frequently hear is, ‘how much money do I need to emigrate to Australia?’ and it’s a very good and valid question.
Usually, clients want to know how much money they are expected to have in their bank account to migrate to Australia. They will usually have heard or read that they must have an amount of ‘show money’ before they can move to Australia on a Skilled Permanent Residency Visa.
There are two types of Permanent Visa and they have some slight variations
189 Visa: No show money required to move to Australia
190 Visa: Some States may require a financial declaration during the migration process. They will not be asking for proof, simply a declaration that you can support yourself and your family whilst you move to, and settle into the Country you will soon call home.
The whole concept of show money was thrown into disrepute a number of years ago when it transpired the rule was being abused by syndicates who would contribute to an individual’s show money requirement. Therefore it is not now a major factor in Immigrating to Australia.
How Much Money Do I Need to Move to Australia in Total
Now we’ve cleared up the show money requirement above, it’s time to look at total budget for a move to Australia.
Please don’t rely on second hand advice or forums for the definite answers to what will likely be one of the most complex processes you’ve ever entered into.
Migration Agent fees vary greatly and do remember that they shouldn’t usually quote on a per person basis for your Move to Australia.
We are aware of many agents charging less than this and whilst we think that’s commendable as with most things in life, you get what you pay for.
Find out how to reduce the cost of Emigrating to Australia by becoming a Let’s Go! Brand Ambassador
Some Skills Assessment bodies accept clear scans of your documents and others required certified copies. Again it does vary depending on your occupation. If color certified copies of your documentation are required by a Solicitor or Public Notary then do allow up to $150 for this. Remember that you don’t need a hot shot lawyer to stamp and sign pieces of paper so do shop around for the very cheapest provider available. You’re not looking for advice, instruct them to simply stamp and sign.
Here is where you can take your first breath of air away from the costs of moving to Australia. There is now nothing more to pay for at least a few months whilst you wait to receive notice from the Australian Dept. of Immigration that you’ve been successfully called forward to apply for your Skilled Visa.
We advise though that you should use this period of no payments to start saving hard for your forthcoming move. Because once the wheels start to turn from this point forward momentum is going to gather at a quick pace.
At this stage you will also need to take your medical tests and get your police checks done so do allocate funds for this:
How Much Money Do I Need to Move To Australia in terms of Medicals?
Expect to pay between $200 and $450 AUD per medical.
As a rough guide expect to pay around $5,000 to $9,000 if you want to ship the entire contents of your home although usually clients sell their possessions and look to buy new ones once they’ve found somewhere nice to live. Usually, what looks good in one country can look very out of place in another. If you choose to take this route your shipping costs will reduce to around $2,000 for the real possessions you want to ship.
Pets can cost some serious money to relocate to Australia, although it depends on the size of the pet. Horses can cost up to $30,000 each whilst dogs and cats are a more realistic $900 to $1800.
We always recommend taking a serviced apartment for the first three months whilst you and your family settle into your new life as future Australian Citizens. How Much Money Do I Need to Move To Australia can be greatly influenced by your choice of accommodation, even in the short to medium term.
There are some great value serviced apartments and we’ve also linked up with some Air BnB hosts who rent out their homes on a monthly basis (or longer). These Air BnB hosts have been vetted to make sure all is in order and they are a great alternative to spending money on a serviced apartment as you can really start to experience life down under from the moment you arrive.
How much money do I need to move to Australia in total?
Given the above and our experience of all the other little costs and charges (not forgetting flights) a good budget to have for moving to Australia from now until three months after landing is between $15,000 AUD and $30,000 AUD for a family of four. Single applicants expect to budget money at around $7,000 AUD to $10,000 AUD. It does all depend though on your individual lifestyle requirements.
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Once we had finally taken the plunge and got the ball rolling the panic came. Especially as we had started to tell people what we were doing and then all the questions start such as 'what area' 'what about schools' etc. I know people are only being nice but it also feels like they are jealous in some way of not being confident enough to do it themselves. Anyway, to cut a long story short I am so pleased that I had the professional support and assistance of Alex who was my rock in the middle of all this and answered every questions I had about our Migration to Oz. Well done Alex and thank you 🙂
Thank you Margaret, we are always delighted to receive such glowing feedback and you're not alone. Many clients find that once they get the ball rolling reality soon sets in that this is one of the biggest events in their life. We are delighted to have played our part in your move to Australia.
The team at Lets Go Global are worth every penny and then some. Emigrating to Australia is such a massive undertaking I couldn't have done it without them. I had no idea how much information was going to be required and they dealt with everything in a calm and very, very professional manner. I have just been called forward for my Australia Visa and I'm happy to award Lets Go Global Five Stars. Will definitely recommend in future if asked.
Generally the cost of moving to Australia we thought was high but then again everything is relative. What might be considered expensive to one family could be just another routine expense to another so what I'm saying is that for us it was expensive but worth it. Everything has a price these days and since we are a family of five we knew it was going to be costly especially when we really went through things with Lets Go Global. Unlike other agents we spoke to they were totally upfront about the costs and charges associated with emigrating to Australia and we are truly grateful for this. I'm so pleased we placed our faith and trust in Lets Go Global. Big Five Stars!
Thank You Sarah for taking the time out to leave such great feedback and we're sure it will prove valuable to other people thinking about how much money they need to move to Australia.
If there's one thing I can safely say is that using Lets Go Global was worth every penny. I had no idea how much work was going to be required at the start. I thought I had a good idea of lots of what was required but as time went on I realized that although I knew lost of the process I only had a birds eye view of the actual requirements. Take document collection fro example. I thought it would be ok to 'gather documentation' but the reality is that I needed to evidence and prove every single thing on my CV going back over the last 10 years including references from every single employer and since I've been a freelance welder working a mixture of onshore and deep underwater offshore and also secondments in Africa, Iraq and Afghanistan as soon as a found out this I knew it was going to be a nightmare but luckily I had Alex on my side and after a few quick calls to him he helped get the references that were available but not only that, he helped find a workaround for the references I wasn't able to get and I'm pleased to report that this workaround held up during Skills Assessment and also with the Australian Department of Immigration. Given the total cost involved in moving to Australia the services of Lets Go Global and Alex in particular were invaluable. Thank you for your hard work and effort on my case.
I've passed on your praise Peter directly to Alex who I know will be thrilled to read such a glowing endorsement of both his services and our Australia Visa product in general. We are glad to have been able to assist you in this life changing event.
Given the total cost of moving to Australia there was no way I was going to attempt the process myself. As an electrician married to a nurse I knew we had a great chance of securing the main Permanent Residency 189 Visa but I just simply refuse to make any compromises with our chances. Lets Go Global were recommended to us by a friend of ours who were able to move to Australia last year and after some initial discussions I had no hesitation engaging the services of Lets Go Global. Their fees for my family were fixed so we weren't going to get any nasty shocks or surprises along the way. If I could give 10 stars I would. Highly recommended.
Thank you Anthony, we find many clients at first tend to have a good idea about some of the costs involved but not all. We like all clients to be fully armed with all the facts so they can accurately budget and plan along the way. Which is why we made the switch to a fixed fee model a few years ago.