Anyone Quitting Aus due to High Cost of Living
#2266
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.
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.
There aren't that many people outside of the SE of England that get the average wage as the economy is skewed that way. Whereas in Aus the balance is spread more evenly around most of the Country.... WA and Canberra then Sydney and Melbourne. So much closer to the average wage here.
The average wage in London is closer to 40K GBP afaik. In fact I can confidently say that there are plenty of people on my london board on around the average wage that are bemoaning the cost of a midweek trip to Manchester by train and calling it super expensive. (especially at short notice) Still there will be 7K plus going up there on a Tuesday night... It's football after all....
I certainly do stay in touch in other words
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Last edited by ozzieeagle; Nov 1st 2011 at 6:27 am.
#2267
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.
#2268
Re: Anyone Quitting Aus due to High Cost of Living
The 42 years from July 1969 to June 2011 = 2.04
The last 5 years is also 1.99
Of course the current trend will gradually lower it.
#2269
Re: Anyone Quitting Aus due to High Cost of Living
She has still gone from over the national average to under. Another way to look at it is that the comparative price of goods does not reflect current exchange rates either.
Anyway don't really want to go over that old chestnut again, the point really was that I didn't think your post was one that particularly demonstrated how it is possible to move and secure a better salary in Australia, which I think is what you were trying to do.
#2270
Re: Anyone Quitting Aus due to High Cost of Living
Slightly more than that... Fact is London is falling down the league table as a place to secure ones permanent financial future at the top end of the Scale.... Asia and indeed Australia are now coming into that same sphere. It's a permanent and generational change by the looks of things. IE: Young Aussies wont have to travel to the Old Country to make their fortune as much as they have in the past.
Last edited by ozzieeagle; Nov 1st 2011 at 6:51 am.
#2271
Re: Anyone Quitting Aus due to High Cost of Living
There are a lot worse places to work. In most large mines you cant tell the difference that you arent in a large mine anywhere else in the world. I can where i work - but i do green field exploration and the NE DRC is a bit of a special case
#2272
Re: Anyone Quitting Aus due to High Cost of Living
I have looked at a graph from 1/1/1990 to the present day and it only dips below 2 twice, so the average could not possibly be around the 2 mark over that period.
#2273
Re: Anyone Quitting Aus due to High Cost of Living
Like I said, if you want to work in Africa then what you said works. If you don't, then it doesn't.
#2274
Re: Anyone Quitting Aus due to High Cost of Living
I was on nothing in the UK and am currently on nothing here.
#2276
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Re: Anyone Quitting Aus due to High Cost of Living
#2277
Re: Anyone Quitting Aus due to High Cost of Living
How many data points is that calculation covering? If it is opening and closing divided by 2 then it would be quite different to an average based on the daily mid rate for example.
I have looked at a graph from 1/1/1990 to the present day and it only dips below 2 twice, so the average could not possibly be around the 2 mark over that period.
I have looked at a graph from 1/1/1990 to the present day and it only dips below 2 twice, so the average could not possibly be around the 2 mark over that period.
The 2.04 figure is from 504 data points.
One data point at the end of each calendar month for 42 years.
Using the same method the past:
20 years = 2.27
10 years = 2.23
5 years = 1.99
#2280
Re: Anyone Quitting Aus due to High Cost of Living
http://britishexpats.com/forum/showt...hlight=average
One conclusion was that $10k can be lopped off the average to obtain the median which is far more meaningful.