Australia has long been a favourite destination for BritishÃ‚Â ÃƒÂ©migrÃƒÂ©s – but recent figures indicate a dramatic fall in the number of Britons moving down under.
Over the past thirty years, an average 30,000 Brits have made the move every year – twice the number as moved to second-favourite destination Spain.
However, in 2017, that number dropped to just 19,000 down from a peak of 49,000 in 2006.Ã‚Â
While researchers warn that these figures come with a high margin of error, the decline has been steady nonetheless.Ã‚Â
The trend follows a wider slowdown in total British emigration, which fell by 38 per cent in the same period, with experts pointing to weak economic growth providing fewer incentives to move.
Meanwhile, AustraliaÃ¢â‚¬â„¢s economy has remained one of the world’s most buoyant giving it a strong currency that makes moving pricier.Ã‚Â
The value of Ã‚Â£1 has dropped from AUS$2.50 to AUS$1.85 since 2006, bringing an end to the days where you could upscale from a London flat to something more sizable in Sydney.Ã‚Â
Paul Arthur, head of the Emigration Group, a company which assists Britons wishing to move to the Antipodeans, also identifies confusion around Brexit as a reason clients are hesitant to move.