So you’re moving to Sydney; the Emerald City. It’s a big move, but it doesn’t have to be complicated. Here is what you need to know before relocating to Sydney.
On the surface, people move to Sydney for the practical comfort the city offers. It has very temperate weather with pleasantly warm summers and mild winters which is a balm for the soul of expats moving to Syndey. It is close to natural wonders like the Great Barrier Reef, beautiful countryside of both arid and tropical climates, national parks, and crystal clear beaches. In addition to having an ‘easy outdoor lifestyle’, Sydney has a strong preference for cultural and academic pursuits.
The Australian economy experienced strong GDP growth outside of a dip during the COVID-19 Pandemic. In 2021, the Australian economy grew by 4.2 percent, while unemployment dropped to its lowest rate since 2009. Inflation is lower in Australia, and while it rose sharply when COVID hit, it has remained about half of what people in the USA, UK, and Germany are experiencing in 2022.
Sydney is a center of business and a great place for expat entrepreneurs to establish or relocate a business to Sydney.
Opening a bank account as an expat in Sydney is an important part of moving to Sydney Australia. You can often open a bank account online or over the phone quickly. There are several requirements and documents expats moving their business to Sydney should have on hand when opening an Australian bank account.
There are several different types of taxes for expats in Australia which include sales, estate, property, excise, and income. Taxes are collected through the Australian Taxation Office (ATO). The tax burden in Australia is considered on the lower end of western-style developed nations and represented just under 28% of the country’s GDP in 2018.
Australia is actively reconstructing its tax system, so be on the lookout for changes especially if you are considering moving your business to Sydney.
There are specific aspects to mind when approaching relocation to Sydney. Make sure to get multiple quotes from international movers in your area and have them visit your house personally for assessment, before moving to Sydney. Also, become familiar with terms like:
While different nationals moving to Sydney will need different resources, there are some documents and requirements that are universal for all expats in Sidney.
Whether you are living temporarily or seeking permanent residency for moving to Sydney with your family, you will likely start your stay in Sydney with a Visa.
There are no specific visa types for expats moving to Sydney. Choose from a Student Visa, a Work Visa, or a Permanent Visa when applying for an Australian visa.
As of 2020, the average cost of a house in Sydney was AUD 1,122,000 while the average rent in Sydney is around AUD 2,000, with prices rising in the central districts and closer to the shore. When looking for an apartment to relocate to Sydney, be mindful that most apartments in here are advertised with weekly rent instead of monthly. Here the prices are listed monthly.
When looking for a house to relocate to Sydney, be sure to search and inspect properties that catch your interest. Note the different regions in Sydney and how each fits your desired lifestyle. They include:
You can listen to our podcast “Moving to Expatland: The Journey to Sydney” to get an overview of how to manage your finances when moving to Sydney and the many ways Expatland Global Network can be supportive in your move to Sydney.
The most populous languages in Sydney are English, Arabic, Chinese Mandarin, and Cantonese. English can be found anywhere in Sydney and Australia and is by far the most common language. Arabic in Sydney is primarily found in the Western Suburbs, while Chinese is common in the North Shore.
The culture of Sydney is diverse and rich as you would expect from any major city full of expats from around the globe. It has a vibrant arts scene including theater, music, art, and literature. The most iconic sight of Sydney – the Sydney Opera House – is one of the most popular concerts in the world. Expect plenty of museums, festivals, libraries, sporting events, and more.
Australia’s Universal Health Care is called Medicare and subsidizes most medical costs for residents. As a new resident or a Sydney expat, you will need either a 457 visa or work visa to be eligible for Medicare, before moving to Sydney. To enroll in Medicare, you must meet Medicare visa holder requirements.
If the country you are relocating to Sydney from has a health care agreement with Australia, you may also be covered. Those countries include:
For regular wellness routines, gyms are extremely popular, and can be found everywhere in the Central Business District (CBD) and suburbs. Gym memberships may be eligible for subsidies through private health insurance, which is also available for expats in Sydney. There are also yoga centers, public swimming pools, indoor sports clubs that Sydney expats can enjoy.
CST Tax Advisors provides international tax advice and compliance services to clients with international assets and investments. Their focus is on helping expats moving to or from Sydney to optimise their tax position.
Established in the 1970s, Nuss Removals is truly a real pioneer in the Relocations and Removals industry. Placing very high regard on service quality, reliability and passion, they have been providing outstanding removal services for decades and are a founder member of AFRA (Australian Furniture Removers Association).
Visa Executive is an Australian based immigration consultancy who employs an expert team of migration agents that have a wealth of experience in helping expats to seamlessly relocate to Australia by effectively managing their visa application processes.
Nazarian Legal helps expats by understanding their client’s situation and what they want to achieve before providing legal advice. They offer realistic advice in a clear manner so that expats understand their options and how they apply to their client’s situation.
With all-inclusive advice delivered with a personalised, hands-on approach Gibson Insurance Brokers is a great choice for any expat in Sydney looking to achieve financial stability and security. With more than 40 years of experience in general insurance, they provide premier services to clients and their reputation is proof of that.
If you’re looking for professional recruitment services that are tailored to suit your needs, you need to look no further than Canstaff. They offer global recruitment and staffing services in the Construction, Engineering, Civil Construction, Logistics, and Manufacturing sectors, and have offices in New Zealand, Australia, Europe, the UK, and others.
Propertybuyer is an independent buyers’ agency focused on searching, negotiating and buying property for clients planning to buy or invest in a property. With the ultimate goal of providing each client with the “right property, at the right price, every time” and more than 30 prestigious awards, Propertybuyer is your best choice when it comes to property in Sydney.
If you want peace of mind and financial freedom, IMFG can provide it with their specialist financial planning advice. They are dedicated to making sure that your goals become a reality, and with their counsel, you can do just that. They will help you make the right choices when it comes to your wealth, allowing you to create, grow and preserve it.
The average cost for a single person living in Sydney Australia is about AUD 1,500 a month while a family of four can expect an average of AUD 5,200.
Sydney consistently ranks as one of the best cities worldwide to relocate to and to live in terms of livability, comfort, culture, and economic growth. It ranked in the top 15 for the 2021 GCI from Kearney, and in the top 10 for personal well-being due to its response to the COVID-19 pandemic.
Before moving to Sydney choose an area that will be the best fit for you:
Sydney is in the top 20 most expensive cities as of 2021 mostly due to COVID restrictions and difficulties in the global supply chain. Sydney tied with Vienna at rank 14 in the list which is benchmarked against New York City.
Check the best suburb to live before relocating to Sydney: