Anyone Quitting Aus due to High Cost of Living
Nov 1st 2011, 5:06 am
#2251
Possum. Amiculum. Latrina
Joined: Jan 2011
Location: Footloose
Posts: 3,427
Re: Anyone Quitting Aus due to High Cost of Living
It's well documented on these boards that My Aussie Born and bred Daughter tried her hand for 5 years in the Financial world in London's CBD... couldn't find a job for more than GBP 30K..... Came back to Melbourne and walked into a AUD 65K job within a week.... She has just turned 26.
Nov 1st 2011, 5:12 am
#2252
Lost in BE Cyberspace
Joined: Feb 2009
Location: UK
Posts: 14,284
Re: Anyone Quitting Aus due to High Cost of Living
You seem to have given up before you even got here based on a theory about potential earnings that you seem to think is a fact, but which several people now have commented is not the case for them at least.
Nov 1st 2011, 5:15 am
#2255
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Anyone Quitting Aus due to High Cost of Living
Electrical engineers in Perth are on AUD150-350k
Nov 1st 2011, 5:17 am
#2256
Possum. Amiculum. Latrina
Joined: Jan 2011
Location: Footloose
Posts: 3,427
Re: Anyone Quitting Aus due to High Cost of Living
With the rule of thumb 2.5 cost of living comparison. Wouldn't you give up 30k in the UK only if you could see at least 2.5 that in Oz? ie 75k Am I being a berk?
Nov 1st 2011, 5:22 am
#2257
Lost in BE Cyberspace
Joined: Feb 2009
Location: UK
Posts: 14,284
Re: Anyone Quitting Aus due to High Cost of Living
I didn't get Ozzie's comment as he seemed to be suggesting that it was great to be able to go from ~ £30k to $65k.
(I was baffled by Ozze's comment, not yours, I re-read my words and they were not clear).
Nov 1st 2011, 5:37 am
#2258
BE Enthusiast
Joined: Jan 2004
Location: Epping NSW
Posts: 606
Re: Anyone Quitting Aus due to High Cost of Living
One can always return to or stay in the UK where public money (your taxes) is spent so productively http://goo.gl/Z1B22
Nov 1st 2011, 5:39 am
#2259
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: Anyone Quitting Aus due to High Cost of Living
30K GBP = 46,000 AUD So after 5 years in london Circa 30K was the best she could do... Starting up as a newcomer (albeit aussie born and bred) She started on a clear AUD 19K more.... or 25 pct more.
The Cost of Living in London and Melbourne is similar.....
Last edited by ozzieeagle; Nov 1st 2011 at 5:44 am.
Nov 1st 2011, 5:39 am
#2260
BE Forum Addict
Joined: Nov 2007
Location: Scotland
Posts: 3,337
Re: Anyone Quitting Aus due to High Cost of Living
Actually most mining prffessionals are a lot better off working in the UK and doing fifo to Africa. Salaries are 50-75% more than Oz and tax free
Nov 1st 2011, 5:42 am
#2261
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Nov 1st 2011, 5:44 am
#2262
Possum. Amiculum. Latrina
Joined: Jan 2011
Location: Footloose
Posts: 3,427
Re: Anyone Quitting Aus due to High Cost of Living
But that implies that without the last few years currency anomaly she's valued considerably lower in Oz.
Nov 1st 2011, 5:50 am
#2263
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: Anyone Quitting Aus due to High Cost of Living
I think you'll find that over the years the historical exchange rate balances out around 2 dollars = 1 Pound... the largest anomaly was when it was +2.40 to 1 pound. That was historically unprecedented... whereas we have been close to the current situation before back in 1973.
Nov 1st 2011, 5:51 am
#2264
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Anyone Quitting Aus due to High Cost of Living
Whatever conversion ratio suits you is the one to use.
There are many ways to slice and dice this and opinions are like assholes etc on this topic.
There are many ways to slice and dice this and opinions are like assholes etc on this topic.
Nov 1st 2011, 6:13 am
#2265
Lost in BE Cyberspace
Joined: Feb 2009
Location: UK
Posts: 14,284
Re: Anyone Quitting Aus due to High Cost of Living
Oh dear. You must have missed the bazillions of threads warning newcomers not to assume the current, historically low exchange rate is a good way to gauge salary.
Yes if I were transferring £30k of cash over to Australia today I would indeed get $46k. But is it comparable as a salary? Well £30k is over the national average, whereas $46k is considerably below ... there is a clue there.
