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$3000 a month possible?

$3000 a month possible?

Old Dec 29th 2007, 12:11 am
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Default $3000 a month possible?

Anyone living on such a wage in the Brisbane area?
How hard is it
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Old Dec 29th 2007, 12:14 am
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Default Re: $3000 a month possible?

Originally Posted by holsie0 View Post
Anyone living on such a wage in the Brisbane area?
How hard is it
That's like living on about £1000 - 1200 per month in the UK. Could you manage on that there? Will you have a mortgage to pay, or are you lucky enough to pay outright for a house? Lots to consider really.

We get £4000 ish (after tax) and manage OK - couldn't live on less though (and that's in Adelaide with cheaper house prices, we have a mortgage).
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Old Dec 29th 2007, 12:19 am
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Default Re: $3000 a month possible?

Originally Posted by Wendy View Post
That's like living on about £1000 - 1200 per month in the UK. Could you manage on that there? Will you have a mortgage to pay, or are you lucky enough to pay outright for a house? Lots to consider really.

We get £4000 ish (after tax) and manage OK - couldn't live on less though (and that's in Adelaide with cheaper house prices, we have a mortgage).
Would have to have a small mortgage but would never manage on that in uk
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Old Dec 29th 2007, 12:20 am
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Default Re: $3000 a month possible?

Originally Posted by holsie0 View Post
Anyone living on such a wage in the Brisbane area?
How hard is it
If you are a family, centrelink will make it up.
When we first came hubby was on that, and I got 500 a fortnight, 3 kids.
It was great,
Now we earn more we dont get centrelink.
Our outgoings where:
250 a week rent
100 put away for bills.
300 per week food shop.
40 petrol
100 0uting

We managed just fine, it just depends on your lifestyle.
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Old Dec 29th 2007, 12:39 am
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Default Re: $3000 a month possible?

Originally Posted by holsie0 View Post
Would have to have a small mortgage but would never manage on that in uk

It really does depend on a lot of other things. Like how many of you are there? What sort of lifestyle are you looking for? What sort of house are you looking at, and what would the mortgage payments be? (ours are $1600 per month, which is why I wouldn't be able to afford any less than what we get now).

You need to sit down and go through your finances as they are now, then find out what them things would cost here on average. Then you'll be a bit closer to seeing what you can and can't manage on

I can work out approximate centrelink payments for you if you let me know how many kids you have and their ages (you can PM me if you like ) Providing you are PR
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Old Dec 29th 2007, 12:52 am
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Default Re: $3000 a month possible?

Originally Posted by Wendy View Post
It really does depend on a lot of other things. Like how many of you are there? What sort of lifestyle are you looking for? What sort of house are you looking at, and what would the mortgage payments be? (ours are $1600 per month, which is why I wouldn't be able to afford any less than what we get now).

You need to sit down and go through your finances as they are now, then find out what them things would cost here on average. Then you'll be a bit closer to seeing what you can and can't manage on

I can work out approximate centrelink payments for you if you let me know how many kids you have and their ages (you can PM me if you like ) Providing you are PR
You can also go on the cenrelink website and work out what you would get, it really was a great help to us when we got here.
Once I started working and hubby wage increased we did not get any more.
It is true it depends on your lifestyle.
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Old Dec 29th 2007, 12:56 am
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Default Re: $3000 a month possible?

Originally Posted by holsie0 View Post
Anyone living on such a wage in the Brisbane area?
How hard is it
We were told that if you earn $1500 a week then you will be OK. Anything less, you will struggle.
I believe it to be true.
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Old Dec 29th 2007, 1:20 am
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Default Re: $3000 a month possible?

Originally Posted by Nu-Shooz View Post
We were told that if you earn $1500 a week then you will be OK. Anything less, you will struggle.
I believe it to be true.
Unless you are a high level professional or on 2 incomes or have your own business most won't get that though.

I have a half decent income of about aus90k a year more than most report on this site and I don't take home $1500 a week.
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Old Dec 29th 2007, 1:23 am
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Default Re: $3000 a month possible?

Originally Posted by BadgeIsBack View Post
Unless you are a high level professional or on 2 incomes or have your own business most won't get that though.

I have a half decent income of about aus90k a year more than most report on this site and I don't take home $1500 a week.
We are self-employed.

If OH was to work for a company he would be getting $900 a week tops.

Glad we made the choice to go alone.
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Old Dec 29th 2007, 2:20 am
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Default Re: $3000 a month possible?

Originally Posted by Wendy View Post
It really does depend on a lot of other things. Like how many of you are there? What sort of lifestyle are you looking for? What sort of house are you looking at, and what would the mortgage payments be? (ours are $1600 per month, which is why I wouldn't be able to afford any less than what we get now).

You need to sit down and go through your finances as they are now, then find out what them things would cost here on average. Then you'll be a bit closer to seeing what you can and can't manage on

I can work out approximate centrelink payments for you if you let me know how many kids you have and their ages (you can PM me if you like ) Providing you are PR
Just started to do the comparison bit (good advice).

Just looking to be comfortable, 4 bedder for family of 5 North or central Brissy. Will look to have a mortgage of no more than $250,000 (will have a good deposit). Children are 11,8 and 6 (closer to 12,9and 7 when we finally make the move). Annual salary will be around $46-50K with ample overtime.
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Old Dec 29th 2007, 3:39 am
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Default Re: $3000 a month possible?

Originally Posted by BadgeIsBack View Post
Unless you are a high level professional or on 2 incomes or have your own business most won't get that though.

I have a half decent income of about aus90k a year more than most report on this site and I don't take home $1500 a week.
Does he mean $1500 after tax?

Even in Perth I don't think you'd really struggle if you weren't bringing home $1500 per week. I reckon less than about $1200 gross per week would be our struggle value.
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Old Dec 29th 2007, 9:48 am
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Default Re: $3000 a month possible?

Originally Posted by NKSK version 2 View Post
Does he mean $1500 after tax?

Even in Perth I don't think you'd really struggle if you weren't bringing home $1500 per week. I reckon less than about $1200 gross per week would be our struggle value.
I considered that but wasn't sure. I think any salary of 1000 per week take home *or* gross is doing alright (!) relative to the low salaries people claim they earn. What they can do with this is another thing - altogether. [Ed:"What they can do with this is another thing"]
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Old Dec 29th 2007, 10:18 am
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Default Re: $3000 a month possible?

It surely all depends on your mortgage situation.

We will need a motgage of about $375,000 to buy a half decent house in Vic as we don't have a huge deposit. If prices drop much more in the UK then we may need more.
The repayments for this on a home saver loan with ANZ are $3000 per month.
Interest rates in Australia are a fair bit higher than the UK. Our current interest rate here in the UK is under 5%. The lowest one I could find in a quick search of Aussie sites was about 8%.
I think for migrants arriving in 2008 things will be tougher financially than for those who are already there.
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Old Dec 29th 2007, 1:24 pm
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Default Re: $3000 a month possible?

Originally Posted by Kapri View Post
It surely all depends on your mortgage situation.

We will need a motgage of about $375,000 to buy a half decent house in Vic as we don't have a huge deposit. If prices drop much more in the UK then we may need more.
The repayments for this on a home saver loan with ANZ are $3000 per month.
Interest rates in Australia are a fair bit higher than the UK. Our current interest rate here in the UK is under 5%. The lowest one I could find in a quick search of Aussie sites was about 8%.
I think for migrants arriving in 2008 things will be tougher financially than for those who are already there.
Think you could be right, that is the worrying thing
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