Financially better off?
#1
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Joined: Sep 2009
Posts: 5

I am looking to move to Perth.
My salary in the UK (£40k) is about double the national average. In Australia someone in my job would earn $120k - $150k, which I understand is about double the national average. This would therefore suggest that I'm not better off. However if I earn £40k in the Uk, but earn £65k in Oz ($130,000), and the cost of living is about the same, then suggests that I should be better off.....
I know it's not simple, but broadly speaking based on the above am I going to be better off financially?

My salary in the UK (£40k) is about double the national average. In Australia someone in my job would earn $120k - $150k, which I understand is about double the national average. This would therefore suggest that I'm not better off. However if I earn £40k in the Uk, but earn £65k in Oz ($130,000), and the cost of living is about the same, then suggests that I should be better off.....
I know it's not simple, but broadly speaking based on the above am I going to be better off financially?


#2
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Joined: Dec 2002
Posts: 94,307
From: Keep true friends and puppets close, trust no-one else...











I am looking to move to Perth.
My salary in the UK (£40k) is about double the national average. In Australia someone in my job would earn $120k - $150k, which I understand is about double the national average. This would therefore suggest that I'm not better off. However if I earn £40k in the Uk, but earn £65k in Oz ($130,000), and the cost of living is about the same, then suggests that I should be better off.....
I know it's not simple, but broadly speaking based on the above am I going to be better off financially?


My salary in the UK (£40k) is about double the national average. In Australia someone in my job would earn $120k - $150k, which I understand is about double the national average. This would therefore suggest that I'm not better off. However if I earn £40k in the Uk, but earn £65k in Oz ($130,000), and the cost of living is about the same, then suggests that I should be better off.....
I know it's not simple, but broadly speaking based on the above am I going to be better off financially?



#3
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Joined: Mar 2008
Posts: 470











It amazes me that deciding to move countries has to be about wages (for some), surely its about a change of scenery and quality of life? weather etc?
each to their own, but I for one dont let this enter my head, as long as I have enough to pay my bills & have food, il be very grateful
Bluekipper
each to their own, but I for one dont let this enter my head, as long as I have enough to pay my bills & have food, il be very grateful

Bluekipper
#4
I am looking to move to Perth.
My salary in the UK (£40k) is about double the national average. In Australia someone in my job would earn $120k - $150k, which I understand is about double the national average. This would therefore suggest that I'm not better off. However if I earn £40k in the Uk, but earn £65k in Oz ($130,000), and the cost of living is about the same, then suggests that I should be better off.....
I know it's not simple, but broadly speaking based on the above am I going to be better off financially?


My salary in the UK (£40k) is about double the national average. In Australia someone in my job would earn $120k - $150k, which I understand is about double the national average. This would therefore suggest that I'm not better off. However if I earn £40k in the Uk, but earn £65k in Oz ($130,000), and the cost of living is about the same, then suggests that I should be better off.....
I know it's not simple, but broadly speaking based on the above am I going to be better off financially?



The average Australian wage for a male is $69,997.
Will you be the sole earner?
#6
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Joined: Jul 2006
Posts: 14,188

It amazes me that deciding to move countries has to be about wages (for some), surely its about a change of scenery and quality of life? weather etc?
each to their own, but I for one dont let this enter my head, as long as I have enough to pay my bills & have food, il be very grateful
Bluekipper
each to their own, but I for one dont let this enter my head, as long as I have enough to pay my bills & have food, il be very grateful

Bluekipper
#7
arh well the $50000 I have been offered means I have not got a pot to piss in and i am way below the average

How do families survive on this kind of salary in oz if its less than average?


How do families survive on this kind of salary in oz if its less than average?
#9
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Joined: Nov 2005
Posts: 516











It will be tough, you will if you have children get some help from centrelink but Australia is an expensive country, make no mistake living on $50K with a family will not be easy, no free medical care, no free dental care, no free presciptions for children under 16 and the cost food is expensive. We did it for a year on slightly less than $50K with a family of 4 and it was depressing how little we had left over each week.
#10
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Joined: Jun 2005
Posts: 9,316

It will be tough, you will if you have children get some help from centrelink but Australia is an expensive country, make no mistake living on $50K with a family will not be easy, no free medical care, no free dental care, no free presciptions for children under 16 and the cost food is expensive. We did it for a year on slightly less than $50K with a family of 4 and it was depressing how little we had left over each week.
#12
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I did read a few years ago during Peter Costello's reign (God Bless Him
) that someone on $40k with a 2 kid family would effectively be paying no tax as the benefits would be equal to the tax paid. I suspect with the increases in LITO that this figure is now higher.
) that someone on $40k with a 2 kid family would effectively be paying no tax as the benefits would be equal to the tax paid. I suspect with the increases in LITO that this figure is now higher.
#13
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It will be tough, you will if you have children get some help from centrelink but Australia is an expensive country, make no mistake living on $50K with a family will not be easy, no free medical care, no free dental care, no free presciptions for children under 16 and the cost food is expensive. We did it for a year on slightly less than $50K with a family of 4 and it was depressing how little we had left over each week.
no free dental care I disagree *
no free presciptions for children under 16 I agree
the cost food is expensive I disagree
* Note: School children do get some free dental services; the school dental vans, the free annual check up for teenagers.
However, most of it is paid for, unlike the free dental service for everyone in the UK.
I agree that a family of 4 on only about 70% of the average male wage would find it tough, probably in either country.
#14
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I did read a few years ago during Peter Costello's reign (God Bless Him
) that someone on $40k with a 2 kid family would effectively be paying no tax as the benefits would be equal to the tax paid. I suspect with the increases in LITO that this figure is now higher.
) that someone on $40k with a 2 kid family would effectively be paying no tax as the benefits would be equal to the tax paid. I suspect with the increases in LITO that this figure is now higher.
And our income is pretty close to the average...



