$80000 a year needed
Jan 17th 2005, 7:15 am
#91
life begins again...
Joined: Jul 2003
Location: doncaster..then scunny... now canberra.
Posts: 1,790
Re: $80000 a year needed
Originally Posted by Coogee Rocks
Me and the lady pay 280 a week for a one bedroom apartment by the sea..
Foods pretty expensive.. god knows what i spend.. to many takeaways but they are cheapish.
Electricity is cheap like 140 bucks a qtr.
Car costs a fortune.
Most expensive thing to pay is going out and drinking off course!
Foods pretty expensive.. god knows what i spend.. to many takeaways but they are cheapish.
Electricity is cheap like 140 bucks a qtr.
Car costs a fortune.
Most expensive thing to pay is going out and drinking off course!
thanks for that certainly gives me something to work with.
Julesandchris, also thanks to you. i've seen some 1 bedders in the centre starting at 300/week. not sure where or what condition etc but they sound good!
Jan 17th 2005, 7:31 am
#92
58.38264% - Extreme Geek
Joined: Jan 2004
Location: The Place To Be
Posts: 2,270
Re: $80000 a year needed
Look, without quoting loads of tedious & irrelevant figures from my household budget (in which too much gets spent on books, booze & catfood in any case ), the key lessons I've learnt that may be useful to those still in Blighty are:
It costs more to live here than you might imagine - do a pessimistic budget which will be more realistic and easier to stick to.
You can't bring too much cash. Ideally, save like mad before coming out here, & bring as much as you can - you'll need it.
Jobs are more lowly paid than the UK, and this makes the cost of travel, consumer goods etc seem relatively more expensive here.
To justify the move, you need enough spare cash each month to have some *fun* - to socialise, & to go see the place. It's pointless moving 12000 miles to have to penny pinch & stay indoors with the TV!
It really is worthwhile bringing as much of your stuff as you can chuck in the container; almost everyone I know who's ditched most of it has regretted it.
Good luck to those still to make the move!
Cheers,
Anya.
), the key lessons I've learnt that may be useful to those still in Blighty are:It costs more to live here than you might imagine - do a pessimistic budget which will be more realistic and easier to stick to.
You can't bring too much cash. Ideally, save like mad before coming out here, & bring as much as you can - you'll need it.
Jobs are more lowly paid than the UK, and this makes the cost of travel, consumer goods etc seem relatively more expensive here.
To justify the move, you need enough spare cash each month to have some *fun* - to socialise, & to go see the place. It's pointless moving 12000 miles to have to penny pinch & stay indoors with the TV!
It really is worthwhile bringing as much of your stuff as you can chuck in the container; almost everyone I know who's ditched most of it has regretted it.
Good luck to those still to make the move!
Cheers,
Anya.
Jan 17th 2005, 7:48 am
#93
Banned
Joined: Apr 2003
Location: Angle vale Sth Australia
Posts: 5,353
Re: $80000 a year needed
Originally Posted by Grayling
This sort of discussion is not intended to panic anyone.
I have, however, always found it strange that people go through all the hassle of getting a visa and then uproot their families to move halfway round the world yet don't often have a clue what they will be earning (if at all) or what living in Australia is going to cost.:scared:
All that is needed is a little research but nobody ever really wants these discussions.
Many just shrug their shoulders and say 'It'll be right'
G
I have, however, always found it strange that people go through all the hassle of getting a visa and then uproot their families to move halfway round the world yet don't often have a clue what they will be earning (if at all) or what living in Australia is going to cost.:scared:
All that is needed is a little research but nobody ever really wants these discussions.
Many just shrug their shoulders and say 'It'll be right'
G
MM
Jan 17th 2005, 8:11 am
#94
Bitter and twisted
Thread Starter
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: $80000 a year needed
Originally Posted by mr mover
Grayling ,are you factoring in the amount of "out" time spent in oz, compared with the amount of "out" time, spent in uk.? Aussies, spend more time outside ,per annum doing no cost activitys, were as people in uk seem to spend more money on home based persuits, ie DVD,X-box, Trips To europe etc. ................................. MM
MMThis is an old post but still useful.
The answer to your question is 'I don't know'. I suppose that will depend on the individual.
We have no young children so our leisure activities would be different to a family.
I am not bothered about the beach but do like a drink.
As a fisherman I would also like a boat. These are expensive but a bushwalk is not.
Circumstances will vary. I think originally I was talking about 'basics' or 'necessities'.
G
Jan 17th 2005, 9:12 am
#95
Banned
Joined: Jul 2003
Posts: 1,048
Re: $80000 a year needed
Originally Posted by juzzer
Can you put that in English? Do you mean the value of the goods is $210000 or equivalent value????? Its the marginal tax rate that throws me!
Replacement value of a household's goods would typically be $120,000 and probably be worth $20,000 if sold.
So to spend $100,000 on replacement at a marginal tax rate of 47.5%, you'd have to earn:
= $100,000 / (100% - 47.5%) = $210,526. WRONG
= $100,000 / (100% - 47.5%) = $190,476. CORRECT.
Marginal tax rate - definition. This is the tax rate you will pay on the last dollar you earn and is one of the most important tax planning figures.
So you would have to earn $190,476 to have $100,000 to spend if your marginal income tax rate was 47.5%.
Jan 17th 2005, 9:21 am
#96
Guest
Posts: n/a
Re: $80000 a year needed
Originally Posted by Quinkana
For a starter, my calc is wrong:
Replacement value of a household's goods would typically be $120,000 and probably be worth $20,000 if sold.
So to spend $100,000 on replacement at a marginal tax rate of 47.5%, you'd have to earn:
= $100,000 / (100% - 47.5%) = $210,526. WRONG
= $100,000 / (100% - 47.5%) = $190,476. CORRECT.
Marginal tax rate - definition. This is the tax rate you will pay on the last dollar you earn and is one of the most important tax planning figures.
So you would have to earn $190,476 to have $100,000 to spend if your marginal income tax rate was 47.5%.
Replacement value of a household's goods would typically be $120,000 and probably be worth $20,000 if sold.
So to spend $100,000 on replacement at a marginal tax rate of 47.5%, you'd have to earn:
= $100,000 / (100% - 47.5%) = $210,526. WRONG
= $100,000 / (100% - 47.5%) = $190,476. CORRECT.
Marginal tax rate - definition. This is the tax rate you will pay on the last dollar you earn and is one of the most important tax planning figures.
So you would have to earn $190,476 to have $100,000 to spend if your marginal income tax rate was 47.5%.
Jan 17th 2005, 10:01 am
#97
Prisoner of Her Majesty
Joined: Jan 2005
Location: Chapel Hill, Brisbane
Posts: 838
Re: $80000 a year needed
Originally Posted by ABCDiamond
And on the same basis; to buy 2 litres of milk for $1.80 you need to earn $3.43 gross wage.
Rob
Jan 17th 2005, 10:43 am
#98
Forum Regular
Joined: Nov 2004
Location: Dubai, UAE
Posts: 121
Re: $80000 a year needed
Originally Posted by anya4oz
Look, without quoting loads of tedious & irrelevant figures from my household budget (in which too much gets spent on books, booze & catfood in any case ), the key lessons I've learnt that may be useful to those still in Blighty are:
It costs more to live here than you might imagine - do a pessimistic budget which will be more realistic and easier to stick to.
You can't bring too much cash. Ideally, save like mad before coming out here, & bring as much as you can - you'll need it.
Jobs are more lowly paid than the UK, and this makes the cost of travel, consumer goods etc seem relatively more expensive here.
To justify the move, you need enough spare cash each month to have some *fun* - to socialise, & to go see the place. It's pointless moving 12000 miles to have to penny pinch & stay indoors with the TV!
It really is worthwhile bringing as much of your stuff as you can chuck in the container; almost everyone I know who's ditched most of it has regretted it.
Good luck to those still to make the move!
Cheers,
Anya.
), the key lessons I've learnt that may be useful to those still in Blighty are:It costs more to live here than you might imagine - do a pessimistic budget which will be more realistic and easier to stick to.
You can't bring too much cash. Ideally, save like mad before coming out here, & bring as much as you can - you'll need it.
Jobs are more lowly paid than the UK, and this makes the cost of travel, consumer goods etc seem relatively more expensive here.
To justify the move, you need enough spare cash each month to have some *fun* - to socialise, & to go see the place. It's pointless moving 12000 miles to have to penny pinch & stay indoors with the TV!
It really is worthwhile bringing as much of your stuff as you can chuck in the container; almost everyone I know who's ditched most of it has regretted it.
Good luck to those still to make the move!
Cheers,
Anya.
With two kids and a wife who doesn't work, I have really hard looked at the worst-case financial scenario moving to Syney. I would strongly advise everyone to do the same. If you can cope with this, then it can only get better! Personally I am renting my house in the UK (temp resident Visa), so won't be bringing massive cash sums with me - just savings. But then I do have a job to go to and have made all my calculations from my basic salary. Any commission payments will be jam, but I am not relying on it happening! I have also factored equivalent $ pension (super) contributions to what I pay now in the the UK into the equation. Again, if you can't afford to continue putting money away for a comfortable living at retirment, then you have to question the wisdom of what you are doing...
I am also paying for a full container and will chuck EVERYTHING in there. After all, I have no idea what I may and may not need, and would rather dispose of stuff when I know I don't need it rather than guess now.
Jan 17th 2005, 10:45 am
#99
A Bored of waiting member
Joined: May 2003
Location: Take Off 4th Feb .....
Posts: 535
Re: $80000 a year needed
Originally Posted by samnrob2
This is a useful thread however, everybody's case is different. For those without kids (like me and the missus) - I'm guessing that life will be comfortable if we bring in $80,000 between us.
Rob
Rob
There is only sam and me but we will get by on alot less than some of these people are mentioning, but then we have no kids and no animals and can make do cycling to the train station to get a train into perth.
and before anyone moans, yes i have done my fact finding !
Jan 17th 2005, 10:57 am
#100
Bitter and twisted
Thread Starter
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: $80000 a year needed
Originally Posted by Fastfunker
I have also factored equivalent $ pension (super) contributions to what I pay now in the the UK into the equation. Again, if you can't afford to continue putting money away for a comfortable living at retirment, then you have to question the wisdom of what you are doing...
Quinkana made the same point earlier in the thread.
G
Jan 17th 2005, 11:02 am
#101
Banned
Joined: Jul 2003
Posts: 1,048
Re: $80000 a year needed
Originally Posted by Grayling
This is a very important point which many people seem to overlook.
Quinkana made the same point earlier in the thread.
G
Quinkana made the same point earlier in the thread.
G
Jan 17th 2005, 11:16 am
#102
Keeping it fairly real
Joined: Jun 2004
Location: In the sun
Posts: 32,863
Re: $80000 a year needed
Originally Posted by Grayling
Hi All
A while ago, on this forum, Among all the various debates there used to also be some very useful pieces of information helpful to would-be migrants.
If these were 'positive' they would recieve a lot of attention.
If they were seen as 'negative' they would be rubbished or attacked.
Lately posts seem to be mainly about visas and how to get them or about the process. There have also been a lot of amusing, silly,sad, nasty and frivolous threads.
There is an important ongoing thread by HEVS and HUP which deserves attention.
They are describing a difficult time in their new life.Not negatively but very honestly.
One phrase of HUP's has struck me.
Apologies to HUP for using a quote from that thread:
"I would suggest that for a family of four you will need an income of around $80000".
Think about it.
How many people will have that income without both partners working?
What will that do to dreams of :' more time with family','escape from the Rat Race', 'Quality of life' etc. etc?
This is the kind of issue we should be discussing.
I am starting this thread so this simple statement does not get lost.
Thanks HUP
Best wishes
G
A while ago, on this forum, Among all the various debates there used to also be some very useful pieces of information helpful to would-be migrants.
If these were 'positive' they would recieve a lot of attention.
If they were seen as 'negative' they would be rubbished or attacked.
Lately posts seem to be mainly about visas and how to get them or about the process. There have also been a lot of amusing, silly,sad, nasty and frivolous threads.
There is an important ongoing thread by HEVS and HUP which deserves attention.
They are describing a difficult time in their new life.Not negatively but very honestly.
One phrase of HUP's has struck me.
Apologies to HUP for using a quote from that thread:
"I would suggest that for a family of four you will need an income of around $80000".
Think about it.
How many people will have that income without both partners working?
What will that do to dreams of :' more time with family','escape from the Rat Race', 'Quality of life' etc. etc?
This is the kind of issue we should be discussing.
I am starting this thread so this simple statement does not get lost.
Thanks HUP
Best wishes
G
I can't read all of the posts on this thread so I apologise if it's already been mentioned before.
My simple rule of thumb is the cost of living is about the same as the uk with the exeption of house prices, where in WA they are slightly lower.
However stamp duty on houses and motors are a pain in the ass, for a $350k house budget for about $14k stamp duty, and a $30k motor about $1k. Again for WA.
Jan 17th 2005, 11:20 am
#103
Prisoner of Her Majesty
Joined: Jan 2005
Location: Chapel Hill, Brisbane
Posts: 838
Re: $80000 a year needed
Originally Posted by stephenwhite68
I too think that some of these people most lead glorious lives with the amount they are quoting.
There is only sam and me but we will get by on alot less than some of these people are mentioning, but then we have no kids and no animals and can make do cycling to the train station to get a train into perth.
and before anyone moans, yes i have done my fact finding !
There is only sam and me but we will get by on alot less than some of these people are mentioning, but then we have no kids and no animals and can make do cycling to the train station to get a train into perth.
and before anyone moans, yes i have done my fact finding !
The other point that I'd like to make is that as in any country, your 'ideal' income/outgoings will be dependent on your age as well. My wife and I are only 5 years into our 'working' life so our outlook is very much different to somebody, say in their 30's. If we transferred our brit wages into $ it sounds like we'd be lottery winners! (well over $100,000 - with no kids to look after!)
Rob
Jan 17th 2005, 11:26 am
#104
Brain Drained
Joined: Aug 2003
Posts: 1,882
Re: $80000 a year needed
Originally Posted by samnrob2
Stephen - how old are you?
If we transferred our brit wages into $
Rob
If we transferred our brit wages into $
Rob
Originally Posted by stephenwhite68
Im very confused by some of these posts today ?
We are not taking alot with us but we have been told by our aussie bank that we can get a mortgage for $380,000 which ok is over $1000 per month but to me that does not sound bad ???
maybe its because i live down south and have always know high mortgage payments but i really don't understand how you guy's are not able to afford things ?
Both sam and i will work and even if we earned $60000 put together that would leave us enough money to buy a house in perth and live a reasonable lifestyle, according to family who are there and the bank.
We are not taking alot with us but we have been told by our aussie bank that we can get a mortgage for $380,000 which ok is over $1000 per month but to me that does not sound bad ???
maybe its because i live down south and have always know high mortgage payments but i really don't understand how you guy's are not able to afford things ?
Both sam and i will work and even if we earned $60000 put together that would leave us enough money to buy a house in perth and live a reasonable lifestyle, according to family who are there and the bank.
Many people who have not made the jump yet have scoffed at the figures quoted. It is amazing how all the lttle costs add up.
The main thing is do you want to come over here and get by or do you want to have a comfortable life and the funds to do it with.
Everyones ideas of comfort and necessities versus nicities are different so the final figure will always vary. But be warned the costs do add up
Jan 17th 2005, 12:30 pm
#105
Rocket Scientist
Joined: Aug 2003
Location: Dreamland AKA Brisbane which is a different country to the UK
Posts: 6,911
Re: $80000 a year needed
Originally Posted by StephenWhite68
but we have been told by our aussie bank that we can get a mortgage for $380,000 which ok is over $1000 per month but to me that does not sound bad ???