FAQ : Financial
After the processing fee for the visa, what other costs would be there after receiving permanent residency through Skilled migration?
Medical & police clearance & postage should do it assuming you don’t have any language charges or bonds to pay.
Can you emigrate if you have previously been bankrupt?
Generally yes. Some serial bankrupt people could be knocked back under "character". If you are going as a business person there would be a major, if not insurmountable, problem.
We have loans and credit cards debts, will this affect our application for migration? What would happen if we leave these debts behind? Also will it affect our credit rating in Australia or cause any trouble getting a mortgage once we get there?
Your credit rating is not checked for your migration application so it will not affect you getting your visa. However it may affect your credit rating in Australia as some banks carry this over and may affect getting a mortgage. If the debt is large there is every reason to suspect that they will track you down – paying off a £ debt on an $AUD income can be hard.
How much money am I required to bring as landing money when I enter Australia for the first time?
You are not required to have any specific amount. To have a reasonably comfortable "settling in" experience the more the better.
