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How much to take???


Skyba

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Now over the years of being on this site I have seen this question asked many many times. But I'm now myself at the point where we are gearing everything towards saving, we've moved back to Cornwall will family to save and we need to enter Australia by December the 1st.

 

I was aiming for the £25k mark, that's for 2 adults to live, we already have all the money set aside for flights, moving and the rest so the £25k was purely living costs and initial fees like driving license etc and then hopefully if we found work fast enough we would keep any savings aside for a deposit on a hous eventually..

 

Problem is work for me slowed down after Christmas a company I sub contracted to ripped me off for over a grand and the savings got eaten into and now we are basically at square 1 again.

 

I know I could easily save £15/18k between now and when we want to go, I could at a push get up to the £25k but I will nearly kill myself to do it.

 

Do do people think the £15-20k mark would be enough to live on and rent and give us enough time to settle and find work? Or do you think it could be a better idea to do an activation trip and maybe delay by 6 months in order to get up to the £25-30k mark and be sure we have way more than needed and be almost certain to have savings for a deposit..

 

the deposit isn't a massive must as we will be Renting for at least 12 months and will more than likely buy new in order to get the great start grant.

 

 

Thanks in advance..

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Guest The Pom Queen

Hi @Skyba

Do you have a job to come to or one lines up? Do you need to buy a car? Which state are you heading (You Will need more money in places like Sydney) . Your rental that you take out here will want a minimum of a months bond and a month up front. So that's $5,000 roughly gone. A decent car would set you back around $10k obviously you can get cheaper ones.

You can get a furniture package at Fantastic Furniture for around $2000.

Saying all this, there are a few members who came out with less than $5,000 and made it work.

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No job lined up but I have been in contact with agencies who said they will start looking for me in the weeks leading up to going as I'm an electrician and it's near impossible to get work prior to getting there.

 

We are going to Gold Coast, and by the looks of it when I get there the coomera town Center which is a $1bn project will be in full swing so hopefully work won't be too difficult to find at the time.

 

I just did a small breakdown of costs including license transfer, buying a car (we won't be getting a decent one, cheap banger will do us until we are settled) my college course for my electrical gap training, initial holiday accommodation etc. I estimate that £13000 would be enough for us to last without work for 4 months and that would be renting a property at $575 a week which o probably quite a bit more than we will spend on rent but that's the level we would probably spend at when getting a mortgage. As for furniture we are shipping over our bed, TV etc so furniture won't be a massive priority until we have jobs. As long as we have somewhere to sleep, eat and sit we'll survive.

 

I think it's just a panick stage for me at the minute, we are taking on a lot this year, we are getting married in May and then off to Australia probably October November time, would be ideal if our entry date was just 8 weeks later and then I know we'd have enough time to get the exact amount I want, I think I'm obsessing a bit about the extra needed for a deposit and I just have to forget about that for a while i think. With the great start grant at $15k we should be able to afford a deposit within the 12/18 months we want to anyway as long as we find stable work.

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I think you're good in terms of time to settle and find work, mate.

I'm just down the road from Wookey Hole, believe it or not. In dear old, Bris.

 

I think you'll be okay - from what I've seen - in terms of setting up.

However, I would suggest ensuring there was some kind of fall back of five - ten grand, just in case it all goes pear shaped in the short term.

 

Fire me a wee private message if you fancy a blether.

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I think you're good in terms of time to settle and find work, mate.

I'm just down the road from Wookey Hole, believe it or not. In dear old, Bris.

 

I think you'll be okay - from what I've seen - in terms of setting up.

However, I would suggest ensuring there was some kind of fall back of five - ten grand, just in case it all goes pear shaped in the short term.

 

Fire me a wee private message if you fancy a blether.

 

not in Wookey hole anymore, just moved back to Cornwall to live with family so we can save.

 

Yeah I'm hoping that we'll be in work within 2/3 months, even if I can't find an electrician role in that time I think I'd go into something else, literally anything just to minimise the usage of the savings.

 

The £5/10 fall back would be lovely that's why we are looking to save £25k but I doubt we will get that much, I think realistically we will have around £18/20k to go with so not far off the £10k. I think when you have to it's easy to cut cloth right back until you know your income is secured

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Not as young as I used to be lol, 31 now, although most of the time when I say that I get funny looks but I feel old lol.

 

From what i hear it's busy and only going to get busier as they have several $1bn+ building projects going on or in the pipeline.

 

Also brisbane is only 40/45 minutes away from where we are planning to settle. i'm hoping once I've got my ticket I'll be able to get a mobile maintenance job, I like the idea of travelling from job to job fault finding in the sun lol.

 

Where are are you heading?

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Have you got the Skilled 5 year visa where your other half gets in on yours. I think if you had 15k it would be enough to get settled and keep you afloat for a good few months, depends how you want to spend it really. We are saving like mad too. We looking to move to brisbane.

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If you mean the 189 visa, yes.

 

I think that level is sensible as a buffer to ensure that you can find work. Everyone's circumstances are, of course, quite different. The wife and I are hoping that we'll both settle into good jobs within a few months of arriving, but have budgeted for up to five years including house purchase, just so we don't have to take anything we don't want to.

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We have a house here as well and will be renting that out for at least a year while out there as will give us extra income. Have you started registering with agencies etc. Will you get over there and stay in a in a hostel or b and b for a bit while you find somewhere or will you find somewhere here first then just move in other there.

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Hi we came out here on the 1st Feb with just over £15000, (we have a back up in the uk too), we are in Perth, the 1st thing we did is to rent a property on line for the 1st 2 weeks, there are just 2 of us, we secured an apartment bond and a months rent up front $3000, a Toyota Echo runaround for €5000, I'd put aside around €1000 for things like setting up internet buying phones, car tax, driving licence, car insurance. In Perth you have to have a WA electrician, so that means getting an apprentice trades assistant (which are like gold dust) college and on the job training (another $4000) but then you can earn the big money, over here you need a certificate for everything which is usually around the €150 mark. We have found the gas and electric quite reasonable around €40 every 2 months and our water is free. You will be fine with £15000 as long as you can get jobs, we love it and I'm just off to the beach now, hope this helps.

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Skyba, you seem to have your head screwed on correctly and aware that moving here is hard work. GC should be good for you as there should be plenty of work due to the Commonwealth Games etc.

 

The biggest factor for you the same as most will be securing work. You will need to demonstrate your skills and formally transfer then being an electrician. Start looking for work now although you are unlikely to hear much back......don't despair and do hold onto the contacts you make as they are worth calling again the minute you land. Don't be a snob about who you work for and where, try and negotiate a company vehicle as this will save a car purchase. Do you have any specialist fields which will make you stand out from the average person? Finally don't be disapointed in wages when offered, you are new to the market and simply ensure it is livable initially, better to retain your savings, gain early experience and start establishing yourself.

 

Australia is hard initially and you will sometimes doubt your decision to move, it has been worth the fights for us, the up and downs but looking back we are glad we are now in Brisbane. Myself I moved over with a job already secured however within 1 week of landing, 2 of my previous contacts I had not heard back from whilst in UK contacted me offering work, most simply don't believe you will make the move.

 

£25,000 would be great to move out with however £18,000 should be fine, just adjust your expectations accordingly. As mentioned above ideally you will still have most of your savings intact after the first year. GC is one of those cities it is easy to get carried away especially seeing many big houses, fast cars and huge boats.....they come with time.

 

My main tip.....always have enough money saved in an instant access account in case you need to fly back to the UK, for 2 people circa $5k, family deaths etc can not be planned for.

 

S

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Yes we love it here, we have not gone mad on things until my partner has his WA electrician licence, which hopefully will only take around nine months, then we can start to plan for the future, but the pool and beach are free so we are happy, it also took us 3 months from lodgement date until we received our 189 visas, good look for the future

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Skyba, you seem to have your head screwed on correctly and aware that moving here is hard work. GC should be good for you as there should be plenty of work due to the Commonwealth Games etc.

 

The biggest factor for you the same as most will be securing work. You will need to demonstrate your skills and formally transfer then being an electrician. Start looking for work now although you are unlikely to hear much back......don't despair and do hold onto the contacts you make as they are worth calling again the minute you land. Don't be a snob about who you work for and where, try and negotiate a company vehicle as this will save a car purchase. Do you have any specialist fields which will make you stand out from the average person? Finally don't be disapointed in wages when offered, you are new to the market and simply ensure it is livable initially, better to retain your savings, gain early experience and start establishing yourself.

 

Australia is hard initially and you will sometimes doubt your decision to move, it has been worth the fights for us, the up and downs but looking back we are glad we are now in Brisbane. Myself I moved over with a job already secured however within 1 week of landing, 2 of my previous contacts I had not heard back from whilst in UK contacted me offering work, most simply don't believe you will make the move.

 

£25,000 would be great to move out with however £18,000 should be fine, just adjust your expectations accordingly. As mentioned above ideally you will still have most of your savings intact after the first year. GC is one of those cities it is easy to get carried away especially seeing many big houses, fast cars and huge boats.....they come with time.

 

My main tip.....always have enough money saved in an instant access account in case you need to fly back to the UK, for 2 people circa $5k, family deaths etc can not be planned for.

 

S

 

 

Yeah that's always been the plan, we are opening a saving account with enough money for flights etc for an emergency.

 

As for the license I've obviously already got the first part sorted for the visa and I'm waiting at the moment for the prices of the GAP training as they have just reissued the course so all the providers have to re-apply to have the course and at the minute one 3 companies have finalised theirs but I called the central training provider and they said that they should all be finalised come the end of the month but I've still sill little no no companies added to the list. Plan is to come over and attend three weeks at college straight off so that bit is out of the way and then it's just a case of finding the work. I'm an approved test and inspection electrician in the UK so I'm hoping my experience running my own jobs and extra UK quals will hold a little water with prospective employers over there.

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Yes we love it here, we have not gone mad on things until my partner has his WA electrician licence, which hopefully will only take around nine months, then we can start to plan for the future, but the pool and beach are free so we are happy, it also took us 3 months from lodgement date until we received our 189 visas, good look for the future

 

 

Has your husband had much luck finding work as a TA? Also has he found a training provider for the GAP training yet?

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Has your husband had much luck finding work as a TA? Also has he found a training provider for the GAP training yet?

 

yes we were very lucky to find someone who employed him as a trade assistant, in Perth you do 2 weeks at college, 1000hrs on the job then your final exam, when you register for your electrical training licence they send you a list of colleges who run the course, he starts on the 2nd may for his gap training, unfortunately no one will touch you in Perth without your licence but all the states are different, but I'm sure it will all worth it in the end, he is more qualified than the guy he is working for !!!!!!!!!!!,hope this helps anything else you need just let me know or you can always pm me

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yes we were very lucky to find someone who employed him as a trade assistant, in Perth you do 2 weeks at college, 1000hrs on the job then your final exam, when you register for your electrical training licence they send you a list of colleges who run the course, he starts on the 2nd may for his gap training, unfortunately no one will touch you in Perth without your licence but all the states are different, but I'm sure it will all worth it in the end, he is more qualified than the guy he is working for !!!!!!!!!!!,hope this helps anything else you need just let me know or you can always pm me

 

Plus at the moment renting is quite cheap as there is to much property, we have a lovely fully furnished 2 bed apart with pool (and washing machine) for $350 a week in a very nice part, 15 mins from Perth

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My OH and I are moving to Brisbane in June with £12k savings. She has a job lined up but I will have to find work independently once we're out there.

 

We both hope that this should be a comfortable buffer for the first few months until we are both settled and I am earning.

 

I'm more ponderous about what is the best option regarding whether to sell, rent out or hold onto my flat as a vacant possession while we know we are fully settled for the long term...

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We are the same. We are thinking of renting out our house for a year or so as will give us a bit of extra money plus the value of places are rising over here for the next couple of years I think so when sell will have more cash after the sale

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Similar, I really dont want any hassle while I'm out there with estate agents or tenants though...which is why I'm contemplating just holding onto it and making mortgage payments as a substitute for savings, at least for the first year or so. Fortunately as its only a 1 bedroom flat this is something we could probably afford.

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