3. Have you factored in all costs?
It is most likely that you will need to transfer your funds into Australian Dollars to make your property purchase, and the most cost-effective way to do this is through a specialist currency company like Halo Financial. We recommend opening a currency account
as soon as you have made the decision to move to Australia, as this will give you time to discuss the best strategy to make the most of your money in a continuously fluctuating market. Halo Financial
has extensive expertise and numerous tools
that can help you with your international payments, for whatever reason, minimising your risks and saving you a significant amount of time and money. You will be able to take advantage of excellent exchange rates
and will also not be charged a fee on any transfers above £5,000.
4. Have you considered the effect currency market movements will have on the price of your property?
If you are moving to Australia from overseas, any payments change in value, depending on the exchange rate. So, money you send for monthly bills, or expect to receive in a pension payment, for example, will change from week to week, month to month, as the currency exchange rate moves up and down. You can protect against this risk and make sure all regular trades are automated, so you don’t have to worry about missing a payment. A Regular currency trades plan
with Halo Financial will automate payments into your account on a monthly or other regular basis, depending on the timescales you have set. By having a plan in place, you protect any payments to or from Australia and don’t have to worry about the effects of currency market movements.