Does emigrating to Australia really mean you are moving to the 'lucky' country?
When contemplating emigrating to Australia, there are many things to consider. Alongside the fantastic lifestyle and better weather, working out which Australia visa is best for you and your family, finding jobs in Australia, researching the economy, comparing the different states, working out whether the finances make sense – the Emigration Store Guide to Australia is designed to make emigrating to Australia as easy as possible.
Expat Guide to the Economy of Australia
Your free Emigration Store Expat Guide to the Economy of Australia is packed full of information to help you decide whether moving to Australia makes financial sense for you.
It provides an assessment of the economy and its global trading relationships, an in-depth look at sectors of the Australia jobs market that are booming, what a typical employee can expect to earn working in Australia, what skills are in short supply and which States are in need of migrants to meet labour shortages. It also takes a look at the housing market to see which cities are hot and which offer value for money.
In one way or another, the Guide will be invaluable in helping you assess your chances of making your move to Australia a success.
Overview of the Economy
Australia is a long way away from the UK on the other side of the world and the saying “as different as night and day” is literally true as the UK day is mirrored by the Australian night.
Despite the vast distance between the two countries, there is actually a sense of “foreign familiarity”, the feeling that despite being in an obviously foreign place with fierce sunshine, exotic birdsong and strange animals, there is a comforting sense of familiarity about how things work. Close historic and cultural links remain between Australia and the UK.
However, in the last couple of decades, a period of uninterrupted annual growth, low inflation and low unemployment has seen Australia emerge onto the world stage as a significant economic power. Previously, its location on the other side of the world from rich Europe and the United States gave Australia a sense that the world was passing it by. Now, Australia is confidently forging it's own path ahead, driven by its close proximity to the rapidly growing markets of Asia.
If you want a brief understanding of the economy and its drivers, see the Emigration Store Overview of the Australian Economy.
Australia continues to attract migrants from all over the world, drawn by the lifestyle, weather and economic opportunities. Far away from Europe and the US but in close proximity to the emerging markets of Asia, Australia's economy has fared well in comparison to many other countries.
High demand for moving to Australia has been met with high demand for migrant labour to help the economy continue to grow and to meet shortages that the local labour force can't satisfy. Historically, Australian immigration has been critical in enabling the country to grow and develop and continued development will undountedly see strong demands for migrants to help Australia keep growing.
Along with visas that cover the permanent right to work, there are a range of visas that cover those wanting to work temporarily or to move to be closer to family or even to study.
Australia has a very well structured Visa Programme which is designed to meet the needs of the economy, both at an economic and social level. In essence, the visa programme has two components:
The migration component – this consists of the different streams such as the skill stream, family stream and the special eligibility migrants
The humanitarian component – as the name implies, Australia meets some of its global humanitarian responsibilities by offering entry to refugees and others in humanitarian need
The Emigration Store Guide to Australian Visas will help you understand better what your options are, how best to assess the Australia visa requirements and how to maximise your chances of that life-changing move down under.
In 1901, the UK government passed a law allowing the six Australian colonies to govern in their own right as part of the Commonwealth of Australia which, whilst retaining the British monarch as head of state, was established with a written constitution. This constitution created the federal-style government between the Commonwealth government and the six colonies renamed as states.
Each state has its own constitution and each has its own appeal and attractions. From the vast, hot and humid Northern Territory which also has deserts and a sparse population to the bustling capital of New South Wales, Sydney, which is a major global business and cultural hub, with iconic architecture and an enviable lifestyle.
Learn more about the main States (New South Wales, Victoria, Queensland, Western Australia and South Australia make up over 95% of the population), what makes each State unique and which one is right for your move 'down under'.
For a more detailed overview of what each of these States has to offer see the Emigration Store Guide to the States of Australia.
Quality of Life
Australia has an enviable reputation when it comes to the quality of life, regularly ranking amongst the most attractive places to live in the world. In such a vast country (the only one to be a continent as well) with global cities, truly remote hamlets, tropical forests and vast deserts, the sheer diversity means there is pretty much something for everyone.
How do you assess what the quality of life in a country is like anyhow? If you hate the heat and can't stand beach life, then an Aussie Christmas 'barbie' on the beach isn't going to be your cup of tea! The Emigration Store Guide to the Quality of Life in Australia is designed to provide a more systematic approach to understanding this important issue.
Enjoying your new home's way of life is central to your ability to acclimatise and assimilate, to kick back and relax and feel that you belong.
Whilst there are many opportunities for migrants with the good skills, it can seem bewildering to work out what skills are needed in which part of Australia. The country actually has a highly-developed programme of identifying current and future skilled worker shortages and there are many resources designed to help migrants and workers match their skills and experience to vacancies, including the government programme called Skill Select. Working in Australia can be very rewarding, though it should also be borne in mind that the cost of living is high.
For an overview of the Job market and an assessment of the sectors and jobs likely to experience the greatest growth over the next 5 years, visit the Emigration Store Guide to the Jobs Market in Australia.
Australia's banking system has been ranked as one of the safest in the world by S&P, the credit rating agency. It is dominated by four major banks, Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank. These form the cornerstone of the banking system, designed to ensure a degree of competition which is a long-standing government policy.
In fact, in the last few years, the government has enacted a series of reforms designed to increase competition and help Australians make better decisions about how to manage their money. Find out what products these Australian banks offer and what you need to know to help you choose your new bank. See the Emigration Store Guide to the Banks of Australia.
A recent report by Credit Suisse suggest that nearly 20% of new properties in Sydney, and 14% of new properties in Melbourne, are being bought by wealthy Chinese.
However, it also states that the rise in domestic house prices (to some of the highest levels in the world) is, whilst not attributable to foreign demand but rather due to low interest rates, increased affordability and domestic investors, a cause of concern for the government.
At the same time, economists have been warning for several years that the Australian 'housing bubble' may be about to burst. The Emigration Store Guide to the Australian Property Market will help you assess the market, its strengths and weaknesses, where's hot and where's not; in short all you need to know to make an informed decision when looking at houses for sale in Australia about where to buy, surely one of the biggest decisions you'll make!
When you arrive in Australia as a migrant with permanent residency, you are generally allowed to join Medicare and therefore gain immediate access to those health care services. It makes the distinction between services which are hospital-based and those which you receive outside a hospital such as Doctor's appointment or a visit to the dentist. See the Emigration Store Guide to Healthcare in Australia for more information and advice.