I am sure most of you pondering the idea of moving overseas have wondered what the costs are involved, so we have highlighted the costs for a South African family of 4 to move to Australia, Canada, New Zealand and the UK. These are estimates and will differ from family to family.
State of affairs in South Africa
This year’s budget speech was expected to paint a bleak picture with regards to Eskom, unemployment and higher revenue collections, which leaves many South African families and businesses anxious to look for relocation opportunities abroad. Furthermore, their anxiety builds as they try to figure out if they are eligible to emigrate and what the costs are.
So what are the true costs for a family moving overseas?
It can cost a family of four as much as R300,000 to relocate to another country, and navigating through all the different procedures involved is a complex process, but for many, it is well worth the reward.
The first step is for an individual or family to assess the chances of obtaining visas and we can put you in touch with the correct people for this. If the chances are favourable, you will be provided with a cost estimate for the administration and we as the international moving specialist will provide the cost of your actual move.
There are a number of costs involved in an international relocation, ranging from obtaining visas to household contents and pet relocation, as well as international money transfers.
Who is moving abroad and where are they moving to?
High net worth individuals are able to move abroad with relative ease because they have the resources and networks, but for people without these advantages, moving is a more complex and expensive business. It can also place a lot of strain on families, emotionally and financially. This is why our mission is to provide a service that takes the stress out of moving overseas.
The news lately is also filled with what is known as ‘the brain drain’, which sees many individuals and families with valuable degrees and skills leaving for these destinations with the allure of better opportunities and several other factors.
A breakdown of the costs of moving overseas
Examples of estimated costs provided by agencies in their initial assessment include:
Only visas and leave belongings behind
Visa costs for a family of four, which include various government fees, medical and language tests and visa agency costs vary depending on location:
- R220,000 for Australia;
- R190,000 New Zealand;
- R180,000 the UK; and
- R80,000 for Canada.
Relocate a family of four, household contents and a pet
Based on the contents of a three-bedroom home and a cat – costs, including visas, rise significantly.
- R300,000 for Australia;
- R280,000 for New Zealand;
- R270,000 for the UK; and
- R200,000 for Canada.
It is important to note that while visa and other relocation costs are important, clients should focus clearly on understanding their destination country and its culture and assess whether they will be able to successfully integrate into their new society.
For many, this is the beginning of a great new adventure, but know that it does take quite a bit of preparation, so don’t leave everything to the last minute. It helps being prepared, so please contact us and we will assist you with your international household relocation.