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Guide to Relocating to Another State in Australia

Guide to Relocating to Another State in Australia

Relocating can be exciting, but it can also be quite daunting, especially when it comes to budgeting for the move. Thorough planning and a substantial financial commitment are necessary when moving to a different state or territory within Australia.

There are numerous costs associated with interstate moving, including packing and transportation, utilities, and travel expenses. In this article, we will provide you a comprehensive guide on how to plan for moving to another state or territory in Australia and to calculate the budget.

Relocating checklist

The first step in budgeting for an out-of-state move is to create a moving checklist. The checklist should include all the tasks that need to be completed before and during the move. Take note as well of packing and transportation, utilities, travel expenses, and other essential expenses.

Calculate moving expenses

Moving expenses can vary depending on the distance between your current location and your new home, the size of your household, and the amount of belongings you need to move. It is essential to calculate the cost of moving early on in the planning process to ensure you have enough money saved for the move.

One of the most significant expenses associated with moving out-of-state is transportation costs. This cost includes hiring a moving company or renting a truck, which can cost thousands of dollars, depending on the size of your household and the distance of the move.

Additionally, it is essential to consider other expenses, including packing materials, insurance, and storage fees. Packing materials, such as boxes and tape, can cost hundreds of dollars, while insurance and storage fees can add up quickly.

Determine cost of living in the new state

Another crucial factor to consider when planning an out-of-state move is the cost of living in the new state or territory. The cost of living can vary significantly depending on the location, which can affect your budget and lifestyle.

For instance, if you are moving from a rural area to a large city, you can expect to pay more for housing, transportation, and utilities. It is important to research the cost of living in the new location and factor these costs into your budget.

Review current expenses

It is essential to go over your current expenses before relocating. This includes bills such as rent, mortgage, utilities, and other essential expenses. Once you have reviewed your expenses, you can determine which bills you will need to cancel or transfer to your new home.

Time the move

Circumstances behind your move may also affect the time period when you make the jump. Mover firm Better Removalists stated that if you are scheduled to move during Australia’s summer months, factor in up to 30 percent more to your moving budget as it is the peak season. This is also important if you have a family and must bring them along; the children need time to familiarise with the new place and get enrolled in a new school as well.  

Determine how to move belongings

Moving your belongings to another state or territory can be expensive. You will need to decide if you will move your belongings yourself or hire a professional moving company. If you choose to hire a moving company in your area, research and compare different companies to find the best rates and services.

But what if you’ve seen your destination and determined you might not be able to bring everything there? Take the time to sift out the items you clearly see that can be part of the move and which can be safely disposed of. One idea to do so may be to organise a garage sale some time before you make the move. The team at Kent Removals and Storage stated that a garage sale could work as part of decluttering and moving as you earn additional funding from your items sold and reduce moving expenses.

Research travel expenses

If you are relocating to another state or territory, you will likely need to travel to your new home. It is important to research travel expenses, including airfare, hotel, and car rental costs. It is also essential to factor in meals and other expenses during your trip.

Contingency planning

Finally, it is essential to plan for unexpected expenses. Relocating can be unpredictable, and unexpected costs can arise. It is important to have a contingency plan in case of unexpected expenses, such as additional transportation costs, food, and lodging.

Finance apps like UBOMI can factor into grinding the actual budget you need for the move. In line with the above sections, the app can help you look over the status of your finances and UBUDGET tags your budget planning, particularly when you are projected to make the move in the near future and must save as much money as possible. 

Parting is such sweet sorrow, as the adage goes, and when that parting involves starting over in unfamiliar surroundings, it can be seen as a new challenge. Working the move with an app like UBOMI will help make the transition as financially sound as possible.

If you liked our “Guide to Relocating to Another State in Australia” and find it useful, check our blogs regularly for more information to get updates on UBOMI’s budget app and expense tracker.

DISCLAIMER: This article is purely for informational purposes. UBOMI has no working relationships with companies mentioned in this article, nor endorse them in any way.