Hello Everyone !
One thing that everyone who wants to migrate
to Australia should know is the cost of living here
and how it is.
I will share my experience through this video.
Let us go to the Video,
Welcome to Jyju's Home Videos.
First let's look at housing costs.
Most people who come to Australia for the first time
stay at friends' or relatives' houses or
shared accommodation for at least a while
and then start their life in Australia
in rented accommodation.
At least a few people who start life with the dream
of buying their own home within a year or two can do it.
The rest will gradually buy houses
and move in according to their circumstances.
At least a few people will go ahead
with the decision that the rental house is enough.
Do you know of people who paid the full amount
immediately upon arrival and bought a house
without any loan?
Today's house rentals in Melbourne are what
I am sharing this through the website realestate.com.
House rent depends on the size of the house,
the number of bedrooms, the suburb or town
where the house is located,
and the distance from the city.
If you want to get a house for rent,
a few things have to be right.
They are as follows:
The first is our income.
If both people have a good job, it is easy to get a house.
Apart from that, our rental history
and our background are also important.
In short, if the landlord likes us and understands that
we are able to pay the rent correctly,
are not troublemakers and take good care
of the house, then they will give us the house.
If we like the house and give the application
along with all the documents,
it is not that easy to get selected from
all the people who have applied for that house.
Now if you want to buy a house,
this is a market in Melbourne today.
We can search and find more houses through the websites
www.realestate.com.au and www.domain.com.au.
As mentioned earlier, their prices depend on
the age of the house, the size of the house,
the number of bedrooms, the suburb or town where
the house is located, and the distance from the city.
If you want to buy a house, a few things have to be right.
They are as follows:
The first is our income.
If both people have a good job,
it is easy to get a loan to buy a house.
The first thing we need to do is go to our bank and
ask for the maximum loan amount that we can get.
Along with that, it is better to take a pre-approval
for home loan from the bank.
For this bank loan to be approved,
we should have the deposit amount fixed by the bank
according to the price of the house we are buying,
in our account.
This will be 5 or 10 percent of the house price.
Apart from this, if the loan amount we take is
more than 80 percent of the value of the house,
the bank will add an additional amount
in the name of mortgage insurance to our loan.
And government fees like stamp duty
have to be paid first.
If we see a house and like it,
we give the house purchase application
along with all the necessary documents.
The real estate agent decides whom
to sell the house to.
If it is an auction,
the highest bidder will get the house.
As long as it is within the limit of the bank loan.
Once the loan is also passed, we can continue
paying the loan for the next thirty years.
I have already made a video on this channel
explaining how to pay off this home
loan in just 5 or 6 years.
The link of that video may be given
in the description below.
Those who are interested, go and see.
Council Rates:
Just as we pay the municipality or panchayat tax
for the house we have bought,
we have to pay an amount like tax every year
to the council where we live.
The fees here known as council rates are
calculated using a certain percentage of the
house and land price.
We can pay these rates once a year
or in four instalments.
These fees also include our share of
the maintenance of council-owned
public facilities such as roads and parks,
and the management of waste from households
and establishments.
My council rate for this year is about $2000
Now, if we are buying a flat or a town house
belonging to a group,
in addition to this council rate, we have to pay
an amount called body corporate fee,
every year to the managing body known as
the body corporate of that flat or group.
This is our share for the general maintenance
of that flat or townhouse.
So those who want to buy flats or town houses
should keep this fee in mind.
Waste Management :
Waste from our house and yard is collected and
disposed of or destroyed by our council.
They charge that fee along with our council rate.
Common household wastes include bottles
that can be recycled once a week,
Wastes such as card board, recyclable plastics
and green waste known as wood chips,
plant waste, grass clippings etc. are collected
alternately once in two weeks.
The council also provides us with bins
to collect this separately.
The amount should be paid separately first.
Insurance:
No matter what type of property is purchased
like a house, flat, town house, etc.,
we need to insure the house and household items
in order to recover them in case of any damage
to our property or household items due to
natural calamities like floods, forest fires,
or accidents like fire.
We can choose our fixed price or market value.
Below are the insurance companies used
commonly here.
This insurance amount has to be paid every year.
If something happens without insurance,
we have to pay a huge price.
We can insure anything in the home.
Even if valuable items are stolen,
we will get the equivalent amount
from the insurance company.
The major expense here is the monthly
or bi-monthly or bi-monthly bills.
Here, the gas used for cooking comes through
the pipe inside the house.
Similarly, we have to keep paying the bills like
water, electricity, phone, internet etc.
according to the meter reading or not.
In my house gas bill comes in two months
and water bill and electricity bill once in three months.
You are seeing copies of our latest bills even though
we are using these utilities very carefully.
Have you seen my electricity bill despite having a 6 kw solar panel?
My friends' houses with more people have
double the bills than our two-person household.
Our bill is a minimum of $150 every month
for mobile phone, internet, etc.
Needless to say, this will increase depending on
the number of phones and the plans we take.
Local TV channels are free here.
All channels can be watched if you have a
normal antenna above the house.
But if you want paid connections like
Netflix, Amazon Prime, etc.,
be prepared to pay another bill every month.
Grocery shopping:
A week's worth of grocery shopping in our household
of just two people is between $100 and $200.
If there are guests or parties,
you can guess where it will end up.
Eating out:
If you can eat out now and then,
the rate is around $15 to $25 for a dish
in a normal restaurant.
If two people go and buy two or three items
and share it, the bill will be $75 to $100.
If you have drinks, it will be extra !
Don't expect much discount from places like
KFC, McDonalds and Hungry Jacks either.
Car:
A house cannot survive without at least one car
for daily needs like going to work and shopping.
First timers will most likely
start with a second-hand car.
We can buy new or used
according to the money in our pocket.
Whichever is the car,
it is very expensive to maintain.
Here are the costs for that:
Registration:
A different system is here in Australia than back home.
Here all vehicles have to renew their registration, every year.
No need to take it to the office and show it.
All you have to do is pay within the specified time
when the notice comes.
I paid $865 for my car last week.
The fee is almost the same regardless of the car.
It just gets slightly higher every year.
Insurance / Roadside Assistance :
Insurance is mandatory apart from registration.
The fee depends on the price of our car,
our driving history,
where we live and the options we want.
These are some of the
major insurance companies here.
Let me show you my amount for this year
to give you an idea.
This is the renewal premium of one of my cars.
Similarly, Roadside Assistance is a service
that helps us if the car we are using stops suddenly
on the road, stops running, runs out of petrol, etc.
It is not mandatory here.
But it is better to take this road side assistance
at least for vehicles driven by women
and elderly people.
If something like the above happens, we can call them.
They will come and repair the car
or take it to the workshop.
They will also give us a taxi for free.
The fee is about $100 per car per year.
Servicing:
Cars are usually serviced every six months, nine months or once a year.
The fee is $150 - $200 for a normal oil change.
If any parts are to be changed, the charge of the part
and the labor charge must be paid.
Petrol/Diesel:
Unlike in our country, nobody buys a car
based on mileage, here.
No car gets a lot of mileage.
Because most cars have big engines.
Normal cars and SUVs are
between 1800cc to 5000 cc.
Here say 1.8 L and 5 L.
Today's price of petrol is close to $2 per litre.
For me with two cars the petrol (gas)
would be about $150 a week.
Those who have to drive more
will also have higher costs.
A monthly pass to travel on public transport
in Melbourne costs over $150,
for those without a car.
Health:
As I mentioned in my last video,
most treatments are free under Medicare
for residents or citizens here.
But Specialist treatments such as dental and
optometry are not covered by Medicare.
If you take private health insurance for
such purposes, they will cover some amount.
We just need to pay the remaining amount.
I do not have private health insurance.
The reason is that I have to pay
more than $300 a month.
We do the above treatments when we go
to our country or paying a fee here.
Fees:
There is a fee for everything here.
There are many fees like school fees, union fees,
membership fees, account fees etc.
If you choose only the essentials,
you can live without major damage.
Now our other expenses are holiday,
entertainment, drive, food, accommodation,
flight ticket etc.
If we select and use these according to our need
and budget, there will be something balance.
All this is left to the convenience of each
and the fulfilment of desires.
Let's meet again with another video like this.
Until then, bye Bye.
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