Australia has more UK expats than any other nationality and many of these expats find their way to Sydney to work, raise children and retire. Sydney is a dynamic and world-class city, it is surrounded by stunning natural beauty and boasts a high standard of living. With plenty of work opportunities, a diverse array of neighbourhoods to choose from, and loads of activities available, life in Sydney is anything but dull.
Let us confirm what you probably already suspected: Sydney is the most expensive place to live in Australia. This iconic city has it all: sun-drenched beaches, salubrious neighbourhoods, spectacular natural harbour, fine restaurants and first-class shopping. But it comes at a price. The average house price in the capital of New South Wales currently stands at just over $1,000,000 (£495,800). Melbourne – the world’s most liveable city – trails closely behind.
There is nothing worse than being ill-informed about taxes and winding up with a tax bill much larger than expected! As a resident or non-resident in Australia you will likely need to pay income tax, and possibly capital gains tax and taxes for any businesses you run.