Is this enough Money?

Hi everyone!

Hey,

That definitely seems like enough money. I wouldn't book a flight home because you'll never know where in Australia you'll be at the time. I came home from Sydney in January and booked my flight a week before it left for about £400.
You can always work on your journey and if you do get stuck you can always find work for food and accommodation to save your money.
I only rented cars when I was out there but I'm sure that insurance is actually covered when you buy the car. You can also find other backpackers who need lifts places and then share the cost of fuel with them which will help out.

Megan

Hi,

I'm looking to go to Oz in September 2015, i've looked into getting a car out there and after reading Megan's post and looking online it looks like the insurance is included with car registration.

Please see below from Wikipedia, the part in bold is what Megan refers to.

"Australia
In Australia CTP is a state based scheme and only covers personal injury liability.

Comprehensive and Third Party Property insurance is sold separately to cover property damage and cover can be for events such as fire, theft, collision and other property damage.

Third Party Property Insurance covers damage to someone else's property or vehicle, but not your own vehicle.

Third Party Property Insurance with Fire and Theft is the same as above, but will cover your vehicle in the event of fire or theft up to the value stated on the policy

Comprehensive Insurance covers damage to your own property or vehicle as well as someone else's.

CTP

Compulsory Third Party Personal Injury Insurance is commonly known as CTP insurance, and is linked to the registration of a vehicle. It travels with the vehicle ownership when a vehicle is sold and already registered. CTP insurance does not cover vehicle damage, it covers the vehicle owner and any person who drives the vehicle against claims for liability in respect of the death or injury to people caused by the fault of the owner or driver. It covers the cost of all reasonable medical treatment for injuries received in the accident, loss of wages, cost of care services and in some cases compensation for pain and suffering.

In New South Wales and the Northern Territory Compulsory Third Party Insurance (commonly known as CTP Insurance) is a mandatory requirement and each individual car must be insured when registered. A 'Greenslip,'[2] another name by which CTP Insurance is commonly known due to the colour of the form, must be obtained through one of the five licenced insurers in New South Wales. Suncorp and Allianz both hold two licences to issue CTP Greenslips – Suncorp under the GIO and AAMI licences and Allianz under the Allianz and CIC/Allianz licences. The remaining three licences to issue CTP Greenslips are held by QBE, Zurich and Insurance Australia Limited (NRMA). APIA and Shannons and InsureMyRide Insurance also supply CTP insurance licenced by GIO. In addition to the Greenslip, an additional car insurance can be purchased through insurers in Australia. This will cover claims that the standard CTP insurance cannot provide. This is known as a comprehensive car insurance.[citation needed]

A similar scheme applies in the Australian Capital Territory through AAMI, GIO and NRMA (IAL).

In Victoria, Third Party Personal insurance from the Transport Accident Commission is similarly included, through a levy, in the vehicle registration fee. A similar scheme exists in Tasmania through the Motor Accidents Insurance Board.

In Queensland, CTP is a mandatory part of registration for a vehicle. There is choice of insurer but price is government controlled in a tight band.

In South Australia, Third Party Personal insurance from the Motor Accident Commission is included in the licence registration fee for people over 17. A similar scheme applies in Western Australia."

I think you may need to check how long is left on the insurance when you buy a car.

Prices of cars are pretty expensive comapared to the UK, you would probably expect to get something older than 2000 for 3,200 AUD.

When are you going? I'm interested to hear how you get on with the car search.

Nick

Let me know how your car search goes nick/megan, interested in doing the same...


Is this enough Money?

Is this enough Money?

Is this enough Money?

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