A Quick Guide for Australian’s Returning Because of the COVID Crisis
The coronavirus crisis has radically changed things for many people. At least for the time being.
One group that has been particularly affected is the Australians that were, prior to the COVID crisis, living abroad. Many of them lost their jobs and with it their accommodation. Understandably, they and others who had vulnerable relatives still living in Australia decided to return to their home country. Often, they had no choice but to do so within days. Simply because at any time the airports could have closed leaving them unable to get a flight back to Australia. Understandably, returning in this way has created a unique set of challenges for many returning expats. Below, we consider some of them.
Exchanging your money for AUD
Challenge number one is changing your savings and last wage packet into AUD. There are a lot of ways to do it. Choosing the wrong approach can lose you a lot of money. So, it is best to do some research before doing anything. You can click the link to find out about the best ways to transfer money from New Zealand to Australia or any other country you are returning from.
Finding somewhere to live
Most returning expats were able to move in with friends and family when they returned in March. But, understandably, not an arrangement anyone wants to continue forever.
Some still own homes in other countries. They did not have time to sell before they left. Now, with the housing markets in so many countries being flat, selling is still not viable. This means that for most returning expats, renting in Australia, at least for the next 6 months to a year is the only option.
Given the fact that most landlords require proof of income, in many cases, it is better to rent somewhere sooner rather than later. Once you are sure you are staying in Australia long-term, you may need to consider renting somewhere smaller than you would like.
This enables you to start rebuilding your financial record and history in Australia. But before you make a firm commitment take the time to make sure that this advice is right for your circumstances. If there is a fair chance you will be going back to the country you have been previously living in, renting a room, or living part-time in a caravan may be better for now.
Reconnecting with everyone
Normally, when you return after a long period abroad, the first thing you would do is to reconnect with everyone socially. Unfortunately, in some parts of Australia coronavirus restrictions mean that you still shouldn’t meet up physically. Try not to let this worry you. Instead, carry on maintaining your relationships using online tools.
Learning to accept help when it is offered
Take advice from your friends and family. If they offer to help, seriously consider taking them up on their offers.
Returning home in the circumstances you have is highly stressful. So, if someone offers to take some of the weight for you, don’t be afraid to let them. Doing so will make it easier for you to adjust to and enjoy the experience of being back in your home country.