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Transfering savings from Uk to Oz


britchap

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Hi there, first post so please bear with me! Hoping someone may have experience/knowledge on the following...

 

I have savings here in the UK, which (hopefully) once settled in Oz, I'm hoping to use to make a house purchase in WA. Does anyone know if this can simply be transferred into an Australian bank account, is there a limit on how much can be transferred if so etc.?

 

Also, if I do manage to successfully purchase a property in WA, and decide Oz is not for me (!!), are there going to be any issues transferring the money back into a UK bank account upon selling (limits etc)?

 

Any help appreciated...

 

Have a nice day :smile:

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