PAL vs. NTSC??

I live in the US and have an NTSC Sony VX1000. Love the camera and the quality. I am considering building an NLE system -- maybe the DV Rex. At the end of the year I am moving to Australia. Since Aussies use the PAL format I am wondering if it will be difficult for me to convert my NTSC DV tapes to PAL analog. Is there a severe quality loss when converting from NTSC to PAL? Is there an easy (and preferably inexpensive) way to convert from one format to another? Any advice and/or ideas is welcomed.

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