Red16

Kevsan thank you for the information - I said about £40k but he'll have to do some investigating. Do the majority of people rent in Oz as I doubt we'd get back on the housing ladder?

My husband is hooked on the idea of moving from UK to be with his extended family in Victoria, Oz. I'd like to give him some sort of indication on a rough amount of money we need to have behind us for it to happen. We are a family of 4, hubby is 39, I'm 36, kids are 12 & 7. My husband is 3rd line IT Support. Many thanks for any rough idea!!

Hi All, I'm new to the forum - please be gentle So, I, my husband and 2 children (aged 11 &6) are looking to move to Australia and also my parents are interested too (aged dad 65 & mum 61). My mum is a housewife and dad retired Sept 2015. Both are interested in moving out with us to Melbourne (as my hubby has Aunty, Uncle and cousins already there). I had read that they would need max. of $1250000 (as a combination of assets and $500K for either spouse) OR they could go on a retirement visa - which would last 4 years and then be renewed every year based on them being in good health?? What happens if one of them is ill or dies during this time???!!! Would really appreciate further info regarding this if anyone can share their knowledge - I'd really appreciate it. My folks just want to know - how much it'll cost for them, what options do they have as they don't have 1.2 million dollars to hand. Many thanks everyone!

Hi All, I'm new to the forum - please be gentle So, I, my husband and 2 children (aged 11 &6) are looking to move to Australia and also my parents are interested too (aged dad 65 & mum 61). My mum is a housewife and dad retired Sept 2015. Both are interested in moving out with us to Melbourne (as my hubby has Aunty, Uncle and cousins already there). I had read that they would need max. of $1250000 (as a combination of assets and $500K for either spouse) OR they could go on a retirement visa - which would last 4 years and then be renewed every year based on them being in good health?? What happens if one of them is ill or dies during this time???!!! Would really appreciate further info regarding this if anyone can share their knowledge - I'd really appreciate it. My folks just want to know - how much it'll cost for them, what options do they have as they don't have 1.2 million dollars to hand. Many thanks everyone!