2.5x salary to achieve same standard of living as UK?
Sep 6th 2013, 5:40 am
#46
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: 2.5x salary to achieve same standard of living as UK?
IF you were earning 50GBP, you could actually, if you bought your UK home in the 90s, say,..and have accumulated wealth (eg). But a health worker or nurse, as far as I am aware, is not earning 50GBP in the UK. It's a silly example hence why rates never work.
Ozzie case is interesting in that retirees:
have had longer to accrue wealth.
A working life is long enough for some variances to creep in.
Over a generation+, things change, Aus was cheaper.
Often the senior people of the forum tell us that life is good in the UK and that noone they know is doing poorly - but they are the same people who have accumulated enough wealth and have a buffer.
In Ozzie's case, it's probably the case that he has done well in Australia, and has a lot to be grateful for.
I can retire in 18 months now and grab my super tax free at 60....however I will probably stay on another 4 years at least, maybe 7 whilst our 15YO son matures and gets through those dodgy years.
Sep 6th 2013, 6:04 am
#47
no stressin no fussin....
Joined: Aug 2007
Location: Fantasy Island....
Posts: 12,616
Re: 2.5x salary to achieve same standard of living as UK?
Does this mean on 50K GBP ish (or 2.5 less than we get here) per year in the UK, I could live, 8k's from the center of London, in a fully done up 3 bedroom detached house, own two cars, have holidays where I want, go out when I want, buy what food I want, have no problem paying any bills, and save ?
Or is there anywhere in the UK a nurse and a postal worker could earn and live like that ?
Or is there anywhere in the UK a nurse and a postal worker could earn and live like that ?
Sep 6th 2013, 6:28 am
#48
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: 2.5x salary to achieve same standard of living as UK?
I think "2.5" is too specific and makes something sound more scientific than it really is, but time and time again people have mentioned that anything from around 2 to 2 and a bit or 2 and a half gives them a good measure of their purchasing power in UK versus Australia.
It is exactly the point that it does not change with fluctuating exchange rates, why would it? The cost of my groceries week on week in Australia does not fluctuate according to the performance of sterling.
It is exactly the point that it does not change with fluctuating exchange rates, why would it? The cost of my groceries week on week in Australia does not fluctuate according to the performance of sterling.
For the record thats a minium combined income at that 2.5 rate... Slightly disingenuous of me I will admit.... and our cars are both total crap.
I can retire in 18 months now and grab my super tax free at 60....however I will probably stay on another 4 years at least, maybe 7 whilst our 15YO son matures and gets through those dodgy years.
I can retire in 18 months now and grab my super tax free at 60....however I will probably stay on another 4 years at least, maybe 7 whilst our 15YO son matures and gets through those dodgy years.
For me, moving to Australia, and taking capital at a good rate - had the effect of positioning me further back in it - if that makes sense. I got back the years I had been pissing up the wall, feckless person that I was (and still am).
Sep 8th 2013, 7:56 am
#49
Happy migrant
Joined: Oct 2006
Location: Newcastle , NSW
Posts: 6,756
Re: 2.5x salary to achieve same standard of living as UK?
Yeah 
but not in a top 1/3 rd suburb 
I forget to add that bit... doesn't gentrification do wonderful things.... According to one of those Herald Sun lists, which is quiet amusing.
In all honesty BC I dont see or hear of that many these days from the UK in a similar position, maybe there are plenty, but I dont know of them.
Right I'm orf for 'a wander' up the road to dodge the throngs around the myriad of Kebab shops and purchase some pizza dough for our wood fired pizzas tonight..... Albeit over charcoal on a weber.
but not in a top 1/3 rd suburb I forget to add that bit... doesn't gentrification do wonderful things.... According to one of those Herald Sun lists, which is quiet amusing. In all honesty BC I dont see or hear of that many these days from the UK in a similar position, maybe there are plenty, but I dont know of them.
Right I'm orf for 'a wander' up the road to dodge the throngs around the myriad of Kebab shops and purchase some pizza dough for our wood fired pizzas tonight..... Albeit over charcoal on a weber.
).Most of them then chose to sell up and leave London, but not all.
I haven't been to Melbourne and by all accounts it's a great place, but it's not a world city in the same way London is so I'm not sure you could make a direct comparison. Might be better comparing with Manchester
Sep 8th 2013, 8:09 am
#50
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
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Re: 2.5x salary to achieve same standard of living as UK?
Yep, plenty of nurses I know bought flats or houses in London in the mid to late 90s and made a killing. (Sadly, I wasn't one of them ).
Most of them then chose to sell up and leave London, but not all.
I haven't been to Melbourne and by all accounts it's a great place, but it's not a world city in the same way London is so I'm not sure you could make a direct comparison. Might be better comparing with Manchester
).Most of them then chose to sell up and leave London, but not all.
I haven't been to Melbourne and by all accounts it's a great place, but it's not a world city in the same way London is so I'm not sure you could make a direct comparison. Might be better comparing with Manchester
Incidentally, whilst mentioning Manchester, 'it always rains in Manchester' fits nicely with 'you need 2.5 x your salary to achieve the same standard of living'. Oft mentioned but doesn't really stand closer examination
Sep 8th 2013, 8:36 am
#51
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: 2.5x salary to achieve same standard of living as UK?
If we're playing games then the population of the City of Melbourne is about 100,000.
Sep 8th 2013, 8:46 am
#52
Lost in BE Cyberspace
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Location: Scotland
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Re: 2.5x salary to achieve same standard of living as UK?
Melbourne has a CBD as Manchester does; probably the CBD population of Manchester is not 512,000.
Sep 8th 2013, 9:31 am
#53
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Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: 2.5x salary to achieve same standard of living as UK?
Clearly Greater Melbourne (4m) and Greater Manchester (2.7m) would be a better comparison than trying to compare apples with oranges.
Sep 8th 2013, 10:03 am
#54
Happy migrant
Joined: Oct 2006
Location: Newcastle , NSW
Posts: 6,756
Re: 2.5x salary to achieve same standard of living as UK?
(not getting at you) What's a 'world city' out of interest? Compare an over 4 million city which covers a greater area than Greater London with a provincial city of 512,000? Hmm.
Incidentally, whilst mentioning Manchester, 'it always rains in Manchester' fits nicely with 'you need 2.5 x your salary to achieve the same standard of living'. Oft mentioned but doesn't really stand closer examination
Incidentally, whilst mentioning Manchester, 'it always rains in Manchester' fits nicely with 'you need 2.5 x your salary to achieve the same standard of living'. Oft mentioned but doesn't really stand closer examination
I have heard great things about Melbourne and it consistently gets voted world's most liveable city, but it's not up there with New York, London, Paris etc in terms of world importance.
Greater Manchester has a population of nearly 3 million and Greater Melbourne about 4 million.
Greater London has over 8 million.
But it's not just about size
In Ozzies case, he has done well financially and he questioned whether someone of his age could have done as well in London. I'm saying, yes, financially they could have, but if they chose to stay in London, I suspect they would be living in a smaller house. However; lots profited, then moved on.
Sep 8th 2013, 10:24 am
#55
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
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Re: 2.5x salary to achieve same standard of living as UK?
People I've met from Bolton and Altrincham vehemently deny coming from Manchester FWIW.
And we don't say Greater Melbourne; it's just Melbourne. We don't have 3 times the people living in 1/33 of the space so places join up and you have this Greater business.
Sep 8th 2013, 10:25 am
#56
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,704
Re: 2.5x salary to achieve same standard of living as UK?
For me, it would be a city of a certain size and certain importance. The kind of city lots of people visit.
I have heard great things about Melbourne and it consistently gets voted world's most liveable city, but it's not up there with New York, London, Paris etc in terms of world importance.
I have heard great things about Melbourne and it consistently gets voted world's most liveable city, but it's not up there with New York, London, Paris etc in terms of world importance.
BB
Sep 8th 2013, 10:31 am
#57
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Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: 2.5x salary to achieve same standard of living as UK?
You'd better tell the Australian Bureau of Statistics then.
Portsea is in Greater Melbourne...really!
Portsea is in Greater Melbourne...really!
Sep 8th 2013, 10:36 am
#59
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Re: 2.5x salary to achieve same standard of living as UK?
For me, it would be a city of a certain size and certain importance. The kind of city lots of people visit.
I have heard great things about Melbourne and it consistently gets voted world's most liveable city, but it's not up there with New York, London, Paris etc in terms of world importance.
Greater Manchester has a population of nearly 3 million and Greater Melbourne about 4 million.
Greater London has over 8 million.
But it's not just about size
In Ozzies case, he has done well financially and he questioned whether someone of his age could have done as well in London. I'm saying, yes, financially they could have, but if they chose to stay in London, I suspect they would be living in a smaller house. However; lots profited, then moved on.
I have heard great things about Melbourne and it consistently gets voted world's most liveable city, but it's not up there with New York, London, Paris etc in terms of world importance.
Greater Manchester has a population of nearly 3 million and Greater Melbourne about 4 million.
Greater London has over 8 million.
But it's not just about size
In Ozzies case, he has done well financially and he questioned whether someone of his age could have done as well in London. I'm saying, yes, financially they could have, but if they chose to stay in London, I suspect they would be living in a smaller house. However; lots profited, then moved on.
On the statistics - Ironically Paris is smaller than the Manchester now extended to Greater Manchester.
2.68 mill I suppose is 3 mill but Melbourne is over 4 mill and is expected to be 5 mill by 2030. It's well known that the population of Greater London is falling through time eg 8.6 mill 1939, 7.7 mill 2009 - check out this forum to see one of the reasons why it has net emigration.
Sep 8th 2013, 10:58 am
#60
Lost in BE Cyberspace
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Location: Scotland
Posts: 7,949
Re: 2.5x salary to achieve same standard of living as UK?
You'd better tell the Australian Bureau of Statistics then.
Portsea is in Greater Melbourne...really!
Portsea is in Greater Melbourne...really!
'Greater' Melbourne less the privileged few who live at the tip of the Peninsula still passed 4 million this year and is rising by nearly 80,000 p.a.
Possibly all the gaps between Mornington and Bass Strait will be filled soon!