United Kingdom is 4.3% cheaper than Australia.
Housing in Australia is much more expensive than the UK. Gathering sufficient funds for a deposit before securing an Australian salary can challenging.
Australia has a much more laid-back culture than England. Australians are known for their mate ship and easy-going attitudes. There is a strong focus on enjoying life and having a good time. This doesn't mean that Australians don't work hard, but they definitely know how to enjoy their leisure time.
Cost of living in London (United Kingdom) is 22% more expensive than in Sydney (Australia) How much money will you need in London? Find out with your own Salary Calculation.
United Kingdom is about the same as Australia. May 2023 Cost of Living.
The critically acclaimed Mercer Quality of Life Survey placed Melbourne and Sydney in the top 17 cities based on quality of life in 2022. One thing is clear, Australia excels when it comes to a high quality of life, looking at aspects such as life expectancy, health, standard of living and educational standard.
Overall, the cost of renting and buying a property is lower in the UK than in Australia. (Here is how to keep the costs of buying lower in the UK.) Still, there are great local differences. For instance, the costs of renting and buying property in London are nearly 20% higher than in Sydney.
If you're travelling to the UK as a tourist for less than 6 months, you usually don't require a visa. If you plan to visit the UK for more than 6 months or for any purpose other than tourism, you should consult UK Home Office for the most up-to-date information.
Thankfully, Australia ranked just outside the top 10 most expensive countries to live at 13th on the list, with an index of 75.3.
The UK is not in the top 10 of the happiest countries in the world. It does, however, appear in the top 20 – this year, it is the 19th happiest country in the world, following behind Australia (12th), Canada (13th), Ireland (14th), and the United States (15th).
Income taxes are lower in the UK due to the progressive rates of tax applying at higher levels of taxable income, but as the UK also has much higher medical contribution taxes than Australia, the UK taxpayer may end up with a higher overall tax burden.
Why UK is better than USA/Canada/Australia? The UK is a global leader in research and education. UK has more universities than any other country. It has the top academic facilities and instructor, as well as the most up-to-date technology, equipment, and resources.
Housing in Australia
The average price of a house in Australia is a whopping AU$881,200, around £475,242, while the average property price in the UK is £290,000.
Cost of living in Melbourne (Australia) is 22% cheaper than in London (United Kingdom) How much money will you need in Melbourne? Find out with your own Salary Calculation. This comparison is based on abundant and consistent data.
So why is the cost-of-living in Australia so high? One of the major reasons is inflation. A measure for household inflation, the Consumer Price Index, or CPI, increased by 2.1% in the first quarter of this year and 5.1% annually, according to data compiled by the Australian Bureau of Statistics (ABS).
requirements for australians
When moving to the UK from Australia, you need to be in possession of a valid passport. You also need to acquire a Visa. The type of Visa you select will depend on your reason for moving to the UK and your intentions in terms of working or studying in the United Kingdom.
Do Australian citizens need a visa to work in the UK? Australians can live in the UK visa-free for up to six months as a tourist. However, if you're looking to do any paid, unpaid or volunteer work while in the UK, you will need a working holiday visa.
Both Australia and the United Kingdom allow Dual Nationality. This means that a person can hold nationality (and the passport) of both countries.
However, if you're an Australian expat, you can purchase an existing property or even a commercial property. You'll be treated the same as if you were living and working in Australia, even if you're an Australian permanent resident or an expat residing in the UK.
Mortgage lenders see houses as slightly less of risk than flats, making financing more available. So, if you're a landlord looking to build a portfolio rather than expand, buying a house over a flat could be a better option for you.
In summary: buying requires a bigger upfront cost, but renting is more expensive in the long term. A good rule of thumb is that buying a property becomes better value after around 10 years, compared to renting an identical property.