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$15,000 - How long would it last???

$15,000 - How long would it last???

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Old Jun 23rd 2010, 11:36 pm
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Default $15,000 - How long would it last???

Hi

Have the above amount or will have by the time I get there. I know its not a massive amount of money, but on a simple lifestyle, renting a modest flat / house on Sunshine coast and running a car, and a newborn, can anyone give me a rough idea of how long you would expect that to keep us going?

I have no idea on cost of living come to think of it, although I am fairly sire it evens out to be about the same here, except the cost of buying / building property.

So any info on that would be appreciated.

Cheers Ears....
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Old Jun 23rd 2010, 11:45 pm
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Default Re: $15,000 - How long would it last???

I don't know much about the cost of renting on the Sunshine coast these days but one thing I'd look at is the cost of used cars (since you mention one). Similar models of similar age are much more expensive in Australia, check on carguide.com.au

I've been here, in Sydney for about 8 weeks and I knew it was expensive before I arrived, and I'm still surprised, not converting back to pounds either, just comparing the cost of items e.g. loaf of bread =$4, beer at a pub $5-8, average wage about = $65,000? I haven't done a scientific comparison but it seems more expensive than the UK. Petrol is cheap but thats about the only thing, the space, fresh air & sunshine are free though
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Old Jun 23rd 2010, 11:51 pm
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Default Re: $15,000 - How long would it last???

Originally Posted by freebo
I don't know much about the cost of renting on the Sunshine coast these days but one thing I'd look at is the cost of used cars (since you mention one). Similar models of similar age are much more expensive in Australia, check on carguide.com.au

I've been here, in Sydney for about 8 weeks and I knew it was expensive before I arrived, and I'm still surprised, not converting back to pounds either, just comparing the cost of items e.g. loaf of bread =$4, beer at a pub $5-8, average wage about = $65,000? I haven't done a scientific comparison but it seems more expensive than the UK. Petrol is cheap but thats about the only thing, the space, fresh air & sunshine are free though
Thanks for that

We have acquired Family in law`s to be`s car! a 1998 Hyundai Accent!

This is it, money not the object as the quality of life is what we are all after.

Building houses are significantly cheaper and easier, or so i am led to believe, not for 15 k though!
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Old Jun 24th 2010, 12:10 am
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Default Re: $15,000 - How long would it last???

I would say excluding buying a car and any other large items about 3 months.
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Old Jun 24th 2010, 12:16 am
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Default Re: $15,000 - How long would it last???

Originally Posted by 7immyboy
I have no idea on cost of living come to think of it, although I am fairly sire it evens out to be about the same here, except the cost of buying / building property.
Depends if you earn Sunshine Coast wages...it's often said that SC is one of the most unaffordable property markets in Australia relative to what the locals earn.

And I reckon if commuting to Brisbane every day then QOL life may suffer.
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Old Jun 24th 2010, 12:35 am
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Default Re: $15,000 - How long would it last???

Originally Posted by 7immyboy
Hi

Have the above amount or will have by the time I get there. I know its not a massive amount of money, but on a simple lifestyle, renting a modest flat / house on Sunshine coast and running a car, and a newborn, can anyone give me a rough idea of how long you would expect that to keep us going?

I have no idea on cost of living come to think of it, although I am fairly sire it evens out to be about the same here, except the cost of buying / building property.

So any info on that would be appreciated.

Cheers Ears....
Mate i love the idea. If you have family here to help you out that is a bonus. Can they afford to help you financially or put you up? Do you have a job? I would seriously re-think your plans as that amount of money will probably last six weeks with all the initial costs of setting up. I wish you all the best.
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Old Jun 24th 2010, 1:36 am
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Default Re: $15,000 - How long would it last???

Do you have PR? If so, you can apply for family tax benefit which will help too.
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Old Jun 24th 2010, 2:28 am
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Default Re: $15,000 - How long would it last???

Thing is, its an impossible question to answer. If you are staying with family in law and have your accomodation food and transport covered it would obviously last longer, if you're arriving with a suitcase and $15,000 it would be easy to go through it in a few weeks, initial rent+bond alone can easily be $3-5k, and on furnature bills, insurance and that figure could double, that car you're being loaned would probably cost around $4k, leaving about $3k.

The honest answer is possibly "not as long as you might think".

Last edited by freebo; Jun 24th 2010 at 2:33 am.
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Old Jun 24th 2010, 5:55 am
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Default Re: $15,000 - How long would it last???

It really depends on what expenses you will have when you get here. OK - you have the car covered - but do you need to insure it? register it? pay for petrol? It's quite an old car....so what if something goes wrong? Who will pay?

How about accommodation? Are you planning on renting or staying with family? If you are planning on renting you will have to put down a bond plus a month's rent in advance.

Food and baby things - it will all add up - at least a couple of hundred a week.

You'll need a new baby capsule - your UK one is not legal over here.

Good luck with the move

Love

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Old Jun 24th 2010, 6:11 am
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Default Re: $15,000 - How long would it last???

$15,000 is bugger all when your starting out let a loan when youve got a family.
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Old Jun 24th 2010, 7:33 am
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Default Re: $15,000 - How long would it last???

Originally Posted by 7immyboy
Building houses are significantly cheaper and easier, or so i am led to believe, not for 15 k though!
This one is $5,000



But you need to collect and deliver to your own land...

or this one for $10,000
 
Old Jun 24th 2010, 7:37 am
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Default Re: $15,000 - How long would it last???

Yes, staying with family for as long as need be, OH is getting something from the Government which equates to about $450 a fortnight.

Thanks for your honesty I know its not a lot.

I would be happy with that lasting 3 months. Getting a job won`t be a problem, or never has been so far.

Tough shit really because thats all I`ve got so you either do these things or you dont

Tim
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Old Jun 24th 2010, 7:55 am
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Default Re: $15,000 - How long would it last???

Originally Posted by 7immyboy
Yes, staying with family for as long as need be, OH is getting something from the Government which equates to about $450 a fortnight.

Thanks for your honesty I know its not a lot.

I would be happy with that lasting 3 months. Getting a job won`t be a problem, or never has been so far.

Tough shit really because thats all I`ve got so you either do these things or you dont

Tim
Staying with relatives makes a massive difference, previous comments were not knowing whether that was the case or not. I think with no car to buy or rental to organise, the $15k should keep you going for three months.
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Old Jun 24th 2010, 7:57 am
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Default Re: $15,000 - How long would it last???

Originally Posted by 7immyboy
Hi

Have the above amount or will have by the time I get there. I know its not a massive amount of money, but on a simple lifestyle, renting a modest flat / house on Sunshine coast and running a car, and a newborn, can anyone give me a rough idea of how long you would expect that to keep us going?

I have no idea on cost of living come to think of it, although I am fairly sire it evens out to be about the same here, except the cost of buying / building property.

So any info on that would be appreciated.

Cheers Ears....

Forget the car, live near public transport for at least first 6 months till your earning income and work up progressively on that income.

Think of every dollar as taking 2 dollars to earn
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Old Jun 24th 2010, 8:02 am
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Default Re: $15,000 - How long would it last???

Originally Posted by freebo
I don't know much about the cost of renting on the Sunshine coast these days but one thing I'd look at is the cost of used cars (since you mention one). Similar models of similar age are much more expensive in Australia, check on carguide.com.au

I've been here, in Sydney for about 8 weeks and I knew it was expensive before I arrived, and I'm still surprised, not converting back to pounds either, just comparing the cost of items e.g. loaf of bread =$4, beer at a pub $5-8, average wage about = $65,000? I haven't done a scientific comparison but it seems more expensive than the UK. Petrol is cheap but thats about the only thing, the space, fresh air & sunshine are free though
Aren't the public barbies free?

Last edited by Alfresco; Jun 24th 2010 at 8:05 am.
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