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Property purchase Australia
Australia is an extremely popular destination for Britons. Because it is so far away people tend to purchase properties in Australia when they are emigrating rather than as a holiday home. The Australian government limits the number of migrants from around the world to about 100,000 - 110,000 It is difficult to comprehend just how far away Australia is and how vast it is. This means that there are lots of different places to live. Perth is the most westerly city and Cairns the most northerly. The majority of the cities are in the east, such as Sydney, Adelaide, Melbourne, Brisbane and Canberra. Australia gets very hot in the summer (UK winter time) and has mild winters.
The lifestyle in Australia is conducive to outdoor living and leisure pursuits. Sports also play a big part in life in Australia. Swimming pools, Barbeques and sport are part of the fabric of life. The interior of Australia is known as the 'outback' and is a vast area with a huge population of sheep and many natural resources.
Most people moving to Australia move to the cities and have a big choice of properties to purchase in Australia. Costs of buying a house in Australia varies greatly from state to state and city to city and many areas there has been a boom in house prices in Australia in recent years. Despite this, housing is generally considerably cheaper than in the UK. Most houses are detached, with large gardens, backyards and many properties that you could buy in Australia have swimming pools.
After you have lived in Australia as a permanent resident for periods totalling at least two years you are eligible to apply for Australian citizenship. Australia's income tax rates range from 17% to the highest of 47% with a tax free threshold of $6,000. On arriving in Australia you should apply straight away for a Tax File Number.
When buying a property in Australia it is important to research your market and get advice. Once you know where you want to move you must decide upon an area. This process may be based upon you budget or on personal advice. The process of buying a property in Australia is done with the help of estate agents and lawyers. If you are emigrating it may be that you will be in rented accommodation to start with.
Most people that move to Australia are emigrating and therefore are moving lock, stock and barrel. The likelihood is that a large capital sum of savings and house sale proceeds needs to be transferred to Australia. It is important that the Sterling pound currency transfer to Australian Dollars is done with the help of experts to maximise the value of the transaction. The exchange rate of Sterling to Australian Dollars will change constantly and a Foreign Exchange company will help you manage the electronic transfer to Australian Dollars and describe the various options for currency transfer to Australia.
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Australian Money
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