Finance

What Should Be The Average Budget For Permanent Settlement In Australia?

Most people think that they need to have a very high income in order to afford to live in Australia permanently. However, there are many options available for those who want to make the move Down Under without breaking the bank. In this article, we’ll explore some of the average costs of living in Australia so that you can better plan your budget.

The Cost of Living in Australia

The cost of living in Australia can be expensive, but it depends on your lifestyle and where you live and the services you get from organizations such as Australian Immigration Law Services. For example, rent and food costs in major cities will be higher than in regional areas.

To give you an idea of the average budget for permanent settlement in Australia, we’ve compiled some estimates below. Keep in mind that these are averages and your actual costs may be higher or lower depending on your circumstances.

  • Rent: $1,500 – $2,000 per month
  • Food: $250 – $400 per week
  • Utilities: $100 – $200 per month
  • Transport: $100 – $200 per month
  • Entertainment: $50 – $100 per week
  • Misc. expenses: $200 – $300 per month

As you can see, the average monthly budget for a single person living in Australia is around $3,000 – $3,500. Of course, if you have a family or roommates, your costs will be divided amongst them and will be lower than this estimate.

The Average Rent in Australia

The average rent in Australia varies depending on the city and state you live in. For example, in Sydney the average rent is $2,471 per month while in Melbourne it is $1,854 per month. Brisbane has an average rent of $1,671 per month while Perth’s average rent is $1,764 per month. Adelaide’s average rent is lower at $1,518 per month. Canberra has the highest average rent out of all the capital cities at $2,298 per month.

Of course, these are just averages and your actual rental amount could be higher or lower depending on the size and location of the accommodation. You should also factor in other costs such as utilities, internet, furniture and transportation when budgeting for your permanent settlement in Australia.

Clothing and Personal Care

There’s no definitive answer to this question since everyone’s needs and preferences vary greatly. However, as a general guideline, you should budget around $300 per person for clothing and personal care items when permanently settling in Australia. This amount will obviously increase if you have a larger family. Keep in mind that you’ll need to factor in the cost of laundry and dry cleaning as well.

Entertainment and Recreation

When it comes to entertainment and recreation, Australia offers a wide variety of options to suit any budget. From free activities like exploring the many public parks and beaches, to more expensive options like going out for dinner and a show, there is something for everyone.

Conclusion

There is no one-size-fits-all answer to this question, as the average budget for permanent settlement in Australia will vary depending on your individual circumstances. However, as a general guide, you should expect to need at least $5,000 AUD per person in order to cover the cost of your flight, visa application fees and initial living expenses. Once you have settled in, you will also need to factor in the cost of rent, food and other essentials. With careful planning and budgeting, settling permanently in Australia can be an achievable goal.

Leave a Reply

Your email address will not be published.

Back to top button