While the cost of living in Australia has increased as the economy continues to expand, in comparison to the likes of the UK and other popular expat areas of the world it still compares very favourably. However, it has to be said that Australia is very dependent upon the exchange rate because a great number of products need to be imported from around the world which can lead to price swings from time to time.
Interestingly, when you consider that the Australian economy has on average grown by around 3.6% a year for the last 15 years, against the worldwide average of around 2.5% for developed economies, it is easy to see why the country has attracted so much attention from overseas visitors. Prior to the ongoing worldwide recession the gross domestic product of Australia was in fact higher than that of the United States, UK, Germany and France.
Australia has a very buoyant employment market with a low level of unemployment (around 4.6%) and with inflation very much under control at between 2% to 3% the economy, under the firm stewardship of the Australian government, would appear to be in safe hands. On the whole, employment prospects in Australia have never been better.
Sport in Australia
If there is one country in the world which has a massive passion for sport it has to be Australia with soccer, Australian rules football, cricket, Formula One and tennis to name but a small number which are all very popular in the country. The very fact that Australia has a very large and growing leisure and tourist industry has necessitated a need to embrace a variety of sporting activities and sporting events which are attracting more and more people to the country.
If there is one event on the sporting calendar which perfectly epitomises the Australian passion for sport it has to be the cricket Ashes series which sees the best Australian cricketers pitted against the best English cricketers with the winner taking the famous Ashes trophy. There have been many battles over the years and there will be many battles into the future between these two closely linked yet ultracompetitive countries.
A laid-back lifestyle
Whether or not the myth of the stereotypical Australian is correct, with a laid-back lifestyle and regular visits to the local “watering hole”, is debatable but the fact is that life in Australia compared to many other countries around the world is much more laid back and enjoyable. That is not to say that Australian people do not work hard but the truth is many of them tend to play hard which is something people around the world have forgotten how to do.
Even if the stereotypical Australian has long bitten the dust it is still an image which works very well for the country and which has attracted massive numbers of holidaymakers and expats looking to start a new life. The impression that the Australian people “do not take themselves too serious” is one which seems to attract more and more attention as expats strive for something different and a more enjoyable lifestyle. Whether this is true or not remains to be seen but the myth certainly carries on to this very day!
Political stability in Australia
If you are considering a move to Australia, or any other country around the world, you will probably need to do your homework on the political scene and the overall political stability of the country. As we mentioned above, the Australian economy has on the whole grown over the last 15 years although there were a couple of difficult years in between when the economy was under pressure. However, in general there is no doubt that the political scene in Australia is far more stable than it has been for some time and ultimately offers a favourable political background for those looking to move and start a new life.
There will be new challenges and important decisions to be made as the Australian economy continues to grow but at this moment in time harmony has broken out on the political scene and the future of Australia would seem to be in very good hands.
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