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Skilled expats find great deals...

Skilled expats find great deals in Australia

Skilled expats are able to get themselves a great deal in Australia when buying a home, but it could be pricing young Australians out of the market.
Skilled expats who are coming to live in Australia are able to find fantastic deals when buying homes, but it is a reality that is seeing many young Australians priced out of the market, Mercers has reported.

In recent times, Chinese investors buying at inflated prices have been blamed for keeping native Australians off the ladder, but according to Mercers, the drive to recruit skilled workers from overseas is just as damaging. 

People from other nations find the cost of living, as well as the price of homes in Australia very affordable compared to other expat hotspots the world over, which is driving a greater level of immigration.

The survey looks at 211 cities across the world and measures 200 different factors including food, clothing, housing, transport and entertainment costs.

Since last year's survey, it was found that Sydney and Melbourne have both become less expensive, while Canberra and Brisbane have also fallen out of the 50 most expensive cities in the world, which is driving more immigration from skilled expats from other nations like the UK and US. 

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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