What do I need to know before retiring in Sydney?

"1. Expats looking to retire in Sydney should be aware that their pension or retirement income available in their home country may not be enough to live comfortably in Sydney. It is important to plan ahead and prepare accordingly. 2. Expats must research the areas and neighbourhoods in Sydney thoroughly; as Sydney is one of the most expensive cities in Australia, expats must pick a location that suits their budget and lifestyle. 3. There are many visas available for expats to retire in Australia from their home country; it is advisable to seek counsel from immigration professionals in order to understand the visa requirements and eligibility criteria. 4. Health care is something that expats need to consider carefully when moving to Australia; Sydney has some of the best hospitals and health care options available in Australia, however expats may need to purchase additional health insurance to cover any possible costs. 5. Finding suitable rental accommodation can be difficult in Sydney as vacancy rates and rental costs are high. It is important to start the search well in advance to ensure that the expat can settle in comfortable and affordable accommodation. 6. Expats should investigate the taxation system in Australia carefully, as the taxes and regulations can be quite different than the expat’s home country. Advisors should be briefed on the current system and the taxes that need to be paid. 7. Finally, expats should make sure to plan a budget before moving and understand the cost of living in Sydney. This will help them to easily adjust to their new situation and enjoy the new life in Sydney," mentioned another expat when asked about moving to Sydney, Australia, Australia.