ABCDiamond

Council Rates are paid by the property owner, NOT the tenant.
Some Landlords also pay the Water Rates.

The Tenant JUST pays rent.

ABCDiamond

Here is what we spent in 2003:

$97.40 - Bank Fees (QLD credit card duty)
$4,760.88 - Car (2 cars, running costs only)
$2,364.34 - Education (private 1 child- for 6 months only)
$937.80 - Electricity
$2,521.82 - Entertainment
$6,616.51 - Food General
$17,899.85 - Household Furniture & things
$1,556.58 - Medical, medicines etc. (Chemist was $781, Dentist $775)
$9,316.06 - Misc (Clothing, the wifes hair cuts, etc)
$1,064.75 - Phones
$1,348.24 - Rates

No Perrsonal Mortgage, but we seem to spend a bit on "Household odds and ends" instead.

scoobydoo

We (2 adults, 1 child and a budgie) have been here for 9 months now, 4 bed open plan rental in an expensive suburb, with ducted heating, through a Melbourne winter.

Just averaged out our outgoings so I hope this is useful to someone!


Monthly.....


Phone $41 (card for overseas calls)

Mobile $60 fixed plan (also have a pay as you go which hardly gets used.)

Electric $70

Gas $129

Water $33

Ambulance cover $9

Rent $1474

Car insurance $54

RACV membership $8.50

House contents insurance $20

Bank charges $15

Food $720 (all fresh stuff)

School charges $23 (state primary)

Petrol $300 (into city for work and weekend trips)

Broadband $30

We have $4000 coming in per month after tax so this leaves us with $1070ish for dentist, medical, clothes, outings, spending, cigarettes, alcohol etc.

Had a tax rebate and the family tax benefit which paid for a holiday!

We could definatly get a cheaper rental (much smaller) for $800 round here but needed the space for visitors this year.

sj oldfield

Nope, nor do we often go out. have rent of $250 per week to pay, then fares, grub etc. It just disappears!!!!!!

Other half also has to put his 'tax' away.

Maddogsk

Thanks for this information which is very useful.

How typical are your costs for Brisbane? Your Household furniture costs appear high (no judgement really intended).

ABCDiamond

That's actually difficult to tell, but that was for 2 Adults and one child who eats very little. Having lived in both Sydney and this area I feel that food costs are very similar. In fact many things will be similar, but car insurance is cheaper.

And I agree with you on my "Household" expenditure !! I'm going to analyse it later, but I think about $3,000 was for the garden & about $6,000 for Electrical goods etc :scared:

diddy

Slightly along the same thread guys, but I generally live on the assumption in the UK that I'll get roughly 2/3 of my salary after tax. I know the tax regimes are completely different but is this a useful generalisation or not?

Ta,

Paul.

natty

We dont have jobs to go to but have done our sums on earning $30000 each per year(hopefully this will rise but thought it best to base it on an average wage)

We are going to Tasmania and we will rent to start with and then buy- we have a deposit but will still have a mortgage which i recon will cost $1400 per month.

We will be much poorer in Oz than here as at the moment my husband works in internet sales and earns good money but I doubt he will get a job like that in Tassie.

I have done some sums and i think we will manage but wondered about medical costs- there are just the two of us so what sort of medical plan would we need and how much does it cost ??

Thanks for the info

Nat

ABCDiamond

Some examples at 2004 rates
Gross $25,000, Tax = $3,672, Medicare = $375, Total deductions = $4,047 Net = $20,953 = 84% of gross
Gross $50,000, Tax = $11,172, Medicare = $750, Total deductions = $11,922 Net = $38,078 = 76% of gross
Gross $75,000, Tax = $22,057, Medicare = $1,125, Total deductions = $23,182 Net = $51,818 = 69% of gross
Gross $100,000, Tax = $33,807, Medicare = $1,500, Total deductions = $35,307 Net = $64,693. = 65% of gross
Gross $150,000, Tax = $57,307, Medicare = $2,250, Total deductions = $59,557 Net = $90,443 = 60% of gross

diddy

Thanks ABC, that's really useful.

Paul.

Majj

How does $65,000 for Brisbane sound for 2 adults and 2 kids? I know the correct appraoch is not to convert it back to pounds, but when you do it gets a bit scary!

Plus what kind of mortgage can you get on this?

Many, many thanks.

ABCDiamond

That may get you a mortgage of about $260,000 if it is one persons wage only, or about $330,000 if it is two wages, say $45k & $20k. But lenders do vary by a large amount.

$65,000 is more than the average wage, and I know people on less than average paying $250pw rent, that manage to get by, and have holidays.

But it does depend on what you want, and how extravagant you are, etc etc.

Majj

Thanks for that. I guess its very much a fact finding mission but it just turns into a nightmare trying to make all these calculations. I guess the best thing to do is to go and try it!