Brisbane
#16
Forum Regular
Joined: Jun 2011
Posts: 101
Re: Brisbane
125K a year!
just dont worry at all! it puts you in the top bracket of earners in the country!
earning over 10k a week, means you can rent what ever you want.
1000 pw puts you in beautiful areas.
you will be having a wonderful life .. congrats!
just dont worry at all! it puts you in the top bracket of earners in the country!
earning over 10k a week, means you can rent what ever you want.
1000 pw puts you in beautiful areas.
you will be having a wonderful life .. congrats!
#17
Re: Brisbane
I think you have some maths problems there. This means take home of $1,700pw so I don't think OP will be wanting to spend $1k on rent..
#18
Just Joined
Thread Starter
Joined: Sep 2016
Posts: 17
Re: Brisbane
Twinny, you do not mention if you get Super on top on your salary or if it is inclusive? What about benefits ie healthcare, life assurance, disability, mobile etc? These can work out an expensive add on.
As for lifestyle, you will more than likely get more bang for your buck in property in Brisbane verses London, but COL I would say overall is generally higher, lack of competition and even buying goods online comes with a delivery charge, where as the UK much is free delivery. There is a bill going through to add GST to online goods under $1000 bought online which is not good for online shopping and will add to costs.
Even during my last few trips back to the UK, the choice and costs at supermarkets and retail stores appeared to be cheaper than Australia. Sites like Numbeo do offer comparisons on COL, but I think you need to take them with a pinch of salt.
Public transport will not be as good as London and will suspect you will need to drive more.
Overall I suspect your standard of living will be better, but if your wife struggles to find work then she may not be happy especially if she wants to work in her career choice.
Also you should factor in the costs of getting back to the UK and the time it takes, around 36+ hours door to door for me. This is a bit of a killer and means very few trips back and also can be hard if an emergency crops up.
As for lifestyle, you will more than likely get more bang for your buck in property in Brisbane verses London, but COL I would say overall is generally higher, lack of competition and even buying goods online comes with a delivery charge, where as the UK much is free delivery. There is a bill going through to add GST to online goods under $1000 bought online which is not good for online shopping and will add to costs.
Even during my last few trips back to the UK, the choice and costs at supermarkets and retail stores appeared to be cheaper than Australia. Sites like Numbeo do offer comparisons on COL, but I think you need to take them with a pinch of salt.
Public transport will not be as good as London and will suspect you will need to drive more.
Overall I suspect your standard of living will be better, but if your wife struggles to find work then she may not be happy especially if she wants to work in her career choice.
Also you should factor in the costs of getting back to the UK and the time it takes, around 36+ hours door to door for me. This is a bit of a killer and means very few trips back and also can be hard if an emergency crops up.
The distance from home is a bit of a bummer, but in reality it is probably the reason the salary offered was so good, because it means that people in the UK with my skills (which are sought after in Australia) are less inclined to make the move; so, less competition equals a bigger salary.
#19
BE Enthusiast
Joined: Mar 2016
Location: SW Ontario
Posts: 474
Re: Brisbane
Thanks for that. We had noticed that the general prices of things like groceries, meals out etc., were all higher than the UK. The salary is net of Super and bonus and we do get private heathcare as part of the package. My partner would only work part time at a maximum because she hasn't been well over the last 12 months and the idea is she takes some time off working to spend some time with our daughter before she gets to school age.
The distance from home is a bit of a bummer, but in reality it is probably the reason the salary offered was so good, because it means that people in the UK with my skills (which are sought after in Australia) are less inclined to make the move; so, less competition equals a bigger salary.
The distance from home is a bit of a bummer, but in reality it is probably the reason the salary offered was so good, because it means that people in the UK with my skills (which are sought after in Australia) are less inclined to make the move; so, less competition equals a bigger salary.
Another thing to consider, and not sure if still relevant is if you have a private pension you may be able to transfer to your AU Super. At the time I was not made aware of this, then again I did not look into it myself. Just double check to see if still possible as would have made a huge difference.
#20
Forum Regular
Joined: Jun 2011
Posts: 101
Re: Brisbane
oh sorry, didnt he say NET? so I thought it was 2600pw not including bonuses and such he added.. but yeah, he probably wont want to spend half on rent!
#22
Re: Brisbane
No he didn't say net. He said $125k per year which would net him about $1700 per week. No clue on bonuses.
#25
Forum Regular
Joined: Jun 2011
Posts: 101
Re: Brisbane
#28
Forum Regular
Joined: Aug 2011
Location: Dallas, TX
Posts: 205
Re: Brisbane
Also we were surprised that at viewings of nice places, the scramble to get the application in was unbelievable and people were offering over and above the stated weekly rental. This was not something we realised and lost out twice because we offered the asking price and other people offered more (in one of those instances they offered an extra $50 p/w). We ended up 7kms from the city in a nice enough house in a nice suburb at $850 a week. We then chose to move after the first year lease was up and moved 25kms from the city but on a train line (40 mins to work) and now have a lovely home in a fantastic location (in our view) for around the same weekly rental.
Be warned that what you see online on the rental websites are almost never realistically portrayed, their cameramen need to win prizes for creativity. You may well find, like we did, that the $500-$650 a week rent will not get you what you hope for, certainly the nearer into the city you are (but then commute costs need to be factored in).
#29
Just Joined
Thread Starter
Joined: Sep 2016
Posts: 17
Re: Brisbane
Obviously we all have different priorities and what one considers livable versus someone else's interpretation of that. When we arrived in Brisbane and started looking at rental properties nearly 2 years ago we also said let's limit ourselves to $650 a week. Well after viewing horrible places in nice locations we soon realised we were going to have to pay more for a nice place in a nice location!
Also we were surprised that at viewings of nice places, the scramble to get the application in was unbelievable and people were offering over and above the stated weekly rental. This was not something we realised and lost out twice because we offered the asking price and other people offered more (in one of those instances they offered an extra $50 p/w). We ended up 7kms from the city in a nice enough house in a nice suburb at $850 a week. We then chose to move after the first year lease was up and moved 25kms from the city but on a train line (40 mins to work) and now have a lovely home in a fantastic location (in our view) for around the same weekly rental.
Be warned that what you see online on the rental websites are almost never realistically portrayed, their cameramen need to win prizes for creativity. You may well find, like we did, that the $500-$650 a week rent will not get you what you hope for, certainly the nearer into the city you are (but then commute costs need to be factored in).
Also we were surprised that at viewings of nice places, the scramble to get the application in was unbelievable and people were offering over and above the stated weekly rental. This was not something we realised and lost out twice because we offered the asking price and other people offered more (in one of those instances they offered an extra $50 p/w). We ended up 7kms from the city in a nice enough house in a nice suburb at $850 a week. We then chose to move after the first year lease was up and moved 25kms from the city but on a train line (40 mins to work) and now have a lovely home in a fantastic location (in our view) for around the same weekly rental.
Be warned that what you see online on the rental websites are almost never realistically portrayed, their cameramen need to win prizes for creativity. You may well find, like we did, that the $500-$650 a week rent will not get you what you hope for, certainly the nearer into the city you are (but then commute costs need to be factored in).
Having looked online, we are tempted to buy because it would naturally be less aggressive than the rental market and renting is also 'dead money'. We have a property in the UK and a share of another, so buying has always served us well.
We just need to rent whilst we get a deposit together really.
What are your views on getting in there prepared to get the best rent deals (other than being prepared to pay over ask!). We've been told having part completed paperwork is a good idea, so you can submit your application there and then. What other documents would we need to provide? We've only ever bought properties before!
#30
Forum Regular
Joined: Aug 2011
Location: Dallas, TX
Posts: 205
Re: Brisbane
Thanks for your advice, I've heard the gripes about misleading photos before actually. In terms of where we live I think we can realistically position ourselves far enough out of the centre of Brisbane to get a good deal. My partner will be at home with our little one so she doesn't need to commute and I will be on the road around Queensland and in the office in Brisbane occassionally. I get a company paid car so that will be my mode of transport.
Having looked online, we are tempted to buy because it would naturally be less aggressive than the rental market and renting is also 'dead money'. We have a property in the UK and a share of another, so buying has always served us well.
We just need to rent whilst we get a deposit together really.
What are your views on getting in there prepared to get the best rent deals (other than being prepared to pay over ask!). We've been told having part completed paperwork is a good idea, so you can submit your application there and then. What other documents would we need to provide? We've only ever bought properties before!
Having looked online, we are tempted to buy because it would naturally be less aggressive than the rental market and renting is also 'dead money'. We have a property in the UK and a share of another, so buying has always served us well.
We just need to rent whilst we get a deposit together really.
What are your views on getting in there prepared to get the best rent deals (other than being prepared to pay over ask!). We've been told having part completed paperwork is a good idea, so you can submit your application there and then. What other documents would we need to provide? We've only ever bought properties before!
I can't speak with any authority at all as far as rent vs buy while on a sponsored temporary visa so it's just my personal opinion. In our experience the place you can afford to rent is a nicer property than the one you can afford to buy without a substantial deposit so if you haven't already got that (you mentioned saving it up) you might find that renting gives you a nicer home/lifestyle. For example both the home we originally rented near to the city was $850 P&W rent but valued around $1m. The home we are currently renting for similar rent is valued around the $1.5m mark apparently (the owners had considered selling instead of long term renting so they had it valued). Also if only a temporary resident here you might decide not to stay long term or you don't get PR/ renewed visa and then you might have to try and sell a property quite quickly, assuming of course you can get a mortgage with little/no credit history here. Many moons ago a financial adviser friend of mine said it rarely works out financially beneficial to buy a place unless you don't need to sell within the next 5 years. I'm sure someone with more recent experience or who has done the sums for rent vs buy for a potentially short term investment with chime in with their pennies worth as well.