Comparable London salary in Sydney
Nov 25th 2013, 9:41 am
#1
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Joined: Nov 2013
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Comparable London salary in Sydney
Hello,
My partner and I are looking to move to Sydney early next year. I will be moving over on a skilled workers migration visa and she will also be travelling on that visa. In London I earn a salary of £54,000 and the salary I’ve been offered in Sydney is $95,000. Realistically on that amount am I going to be able to live a similar sort of live style? What would you say £54,000 roughly equates to in Sydney taking cost of living into consideration?
My partner and I are looking to move to Sydney early next year. I will be moving over on a skilled workers migration visa and she will also be travelling on that visa. In London I earn a salary of £54,000 and the salary I’ve been offered in Sydney is $95,000. Realistically on that amount am I going to be able to live a similar sort of live style? What would you say £54,000 roughly equates to in Sydney taking cost of living into consideration?
Nov 25th 2013, 10:34 am
#2
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Location: UK
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Re: Comparable London salary in Sydney
No, $95k will not go as far as £54k. It will come up light, you would want a dollar equivalent of at least 2x the £ and probably more.
One way of looking at it, is that your £54k is not too far of twice the national average salary (of say £28k-ish) whereas the Australian salary is nowhere near twice the national average (of about $67k).
Still if that is what the market rate is for your occupation, then you might have to accept it. Perhaps do some research on that so you know you are not being taken advantage of.
One way of looking at it, is that your £54k is not too far of twice the national average salary (of say £28k-ish) whereas the Australian salary is nowhere near twice the national average (of about $67k).
Still if that is what the market rate is for your occupation, then you might have to accept it. Perhaps do some research on that so you know you are not being taken advantage of.
Nov 25th 2013, 12:35 pm
#3
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Re: Comparable London salary in Sydney
If your partner is also working then you may be, but on 95k on your own then no.
Nov 25th 2013, 1:02 pm
#4
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Location: London - but only until I can afford to move back to Sydney
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Re: Comparable London salary in Sydney
Hello,
My partner and I are looking to move to Sydney early next year. I will be moving over on a skilled workers migration visa and she will also be travelling on that visa. In London I earn a salary of £54,000 and the salary I’ve been offered in Sydney is $95,000. Realistically on that amount am I going to be able to live a similar sort of live style? What would you say £54,000 roughly equates to in Sydney taking cost of living into consideration?
My partner and I are looking to move to Sydney early next year. I will be moving over on a skilled workers migration visa and she will also be travelling on that visa. In London I earn a salary of £54,000 and the salary I’ve been offered in Sydney is $95,000. Realistically on that amount am I going to be able to live a similar sort of live style? What would you say £54,000 roughly equates to in Sydney taking cost of living into consideration?
Nov 26th 2013, 4:53 am
#5
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Comparable London salary in Sydney
Hello,
My partner and I are looking to move to Sydney early next year. I will be moving over on a skilled workers migration visa and she will also be travelling on that visa. In London I earn a salary of £54,000 and the salary I’ve been offered in Sydney is $95,000. Realistically on that amount am I going to be able to live a similar sort of live style? What would you say £54,000 roughly equates to in Sydney taking cost of living into consideration?
My partner and I are looking to move to Sydney early next year. I will be moving over on a skilled workers migration visa and she will also be travelling on that visa. In London I earn a salary of £54,000 and the salary I’ve been offered in Sydney is $95,000. Realistically on that amount am I going to be able to live a similar sort of live style? What would you say £54,000 roughly equates to in Sydney taking cost of living into consideration?
You want at least $115,000 to feel as comfortable.
Nov 27th 2013, 2:49 pm
#6
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Joined: Mar 2009
Location: Sydney
Posts: 69
Re: Comparable London salary in Sydney
You have to weigh up any other benefits
At the moment in the UK I contribute 8% to pension. My company is transferring me, offering me $11,000 less then I believe I should be getting BUT is actually putting in $12,000 a year into my SUPER. So it works out I am better off!
See what your company is offering for pension.
At the moment in the UK I contribute 8% to pension. My company is transferring me, offering me $11,000 less then I believe I should be getting BUT is actually putting in $12,000 a year into my SUPER. So it works out I am better off!
See what your company is offering for pension.
Nov 27th 2013, 9:47 pm
#7
Social Grenade Thrower
Joined: Jan 2008
Location: South Coast, NSW
Posts: 3,625
Re: Comparable London salary in Sydney
It used to be a minimum of 9% Super contribution but its actually going up in increments.
Don't forget the difference between your salary being INC or EXC of Super as that makes a BIG difference. But on the whole I agree with others, at the current exchange I would use a 2.5 - 3 x UK salary to have the same level of comfort. Australia is very expensive!!
Don't forget the difference between your salary being INC or EXC of Super as that makes a BIG difference. But on the whole I agree with others, at the current exchange I would use a 2.5 - 3 x UK salary to have the same level of comfort. Australia is very expensive!!
Nov 28th 2013, 10:24 am
#9
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Joined: Sep 2009
Location: Adelaide
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Re: Comparable London salary in Sydney
You do all make Sydney sound very expensive
Last edited by old.sparkles; Nov 28th 2013 at 11:27 am.
Nov 28th 2013, 7:51 pm
#10
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Nov 29th 2013, 12:13 am
#11
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Re: Comparable London salary in Sydney
Hello,
My partner and I are looking to move to Sydney early next year. I will be moving over on a skilled workers migration visa and she will also be travelling on that visa. In London I earn a salary of £54,000 and the salary I’ve been offered in Sydney is $95,000. Realistically on that amount am I going to be able to live a similar sort of live style? What would you say £54,000 roughly equates to in Sydney taking cost of living into consideration?
My partner and I are looking to move to Sydney early next year. I will be moving over on a skilled workers migration visa and she will also be travelling on that visa. In London I earn a salary of £54,000 and the salary I’ve been offered in Sydney is $95,000. Realistically on that amount am I going to be able to live a similar sort of live style? What would you say £54,000 roughly equates to in Sydney taking cost of living into consideration?
The only way to compare is your relative purchasing power - how long you have to work to afford something. This is different for all of us
Nov 29th 2013, 1:04 am
#12
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: Comparable London salary in Sydney
No, $95k will not go as far as £54k. It will come up light, you would want a dollar equivalent of at least 2x the £ and probably more.
One way of looking at it, is that your £54k is not too far of twice the national average salary (of say £28k-ish) whereas the Australian salary is nowhere near twice the national average (of about $67k).
Still if that is what the market rate is for your occupation, then you might have to accept it. Perhaps do some research on that so you know you are not being taken advantage of.
One way of looking at it, is that your £54k is not too far of twice the national average salary (of say £28k-ish) whereas the Australian salary is nowhere near twice the national average (of about $67k).
Still if that is what the market rate is for your occupation, then you might have to accept it. Perhaps do some research on that so you know you are not being taken advantage of.
According to respective government stats...The latest averages are thus.... Including bonus or Overtime..... 475 pounds per week UK = GBP 24,700 PA (44,560 AUD at todays rates)
http://www.ons.gov.uk/ons/rel/lms/la...-earnings.html
Australia, Including Bonus or Overtime... 1485.70 = AUD...77,220 PA (42,792 GBP at todays rates)
http://www.abs.gov.au/ausstats/[email protected]?OpenDocument
I dont think goods and services and any other costs or purchases are 70-80 pct more expensive in Aus
God save Australias minimum wage of Aud 622.70 per week, and the Federal award system, which is probably the main driver for the Australias much higher average wage.
BTW to illustrate the minimums... daughter no 1, just landed a job as a experienced Barista (Coffee maker to the UK philistines) 50k per annum plus tips.
Last edited by ozzieeagle; Nov 29th 2013 at 1:17 am.
Nov 29th 2013, 9:07 am
#13
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Comparable London salary in Sydney
According to respective government stats...The latest averages are thus.... Including bonus or Overtime..... 475 pounds per week UK = GBP 24,700 PA (44,560 AUD at todays rates)
http://www.ons.gov.uk/ons/rel/lms/la...-earnings.html
Australia, Including Bonus or Overtime... 1485.70 = AUD...77,220 PA (42,792 GBP at todays rates)
http://www.abs.gov.au/ausstats/[email protected]?OpenDocument
I dont think goods and services and any other costs or purchases are 70-80 pct more expensive in Aus
God save Australias minimum wage of Aud 622.70 per week, and the Federal award system, which is probably the main driver for the Australias much higher average wage.
BTW to illustrate the minimums... daughter no 1, just landed a job as a experienced Barista (Coffee maker to the UK philistines) 50k per annum plus tips.
http://www.ons.gov.uk/ons/rel/lms/la...-earnings.html
Australia, Including Bonus or Overtime... 1485.70 = AUD...77,220 PA (42,792 GBP at todays rates)
http://www.abs.gov.au/ausstats/[email protected]?OpenDocument
I dont think goods and services and any other costs or purchases are 70-80 pct more expensive in Aus
God save Australias minimum wage of Aud 622.70 per week, and the Federal award system, which is probably the main driver for the Australias much higher average wage.
BTW to illustrate the minimums... daughter no 1, just landed a job as a experienced Barista (Coffee maker to the UK philistines) 50k per annum plus tips.
