British Expats - Schools and Suburbs

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Re: Schools and Suburbs

Quote:

Originally Posted by OzTennis (Post 11978231)

If someone was on $200K p.a. (2 to 3 times the national average) they should be able to pick anywhere to rent I would have thought.

Yeah, me too, but according to the pay calculator (and I didn't plug in any settings to reduce tax, just put in 200K as is), it says $2539.15 is the weekly take home. So, $800 p/w is just over the recommended 30% on rent (30% of that weekly pay is $761.75)...of course that doesn't include insurance, utlitities (ugh), water, broadband... I guess 200K doesn't go as far as it used to...

Re: Schools and Suburbs

Quote:

Originally Posted by OzTennis (Post 11978231)

If someone was on $200K p.a. (2 to 3 times the national average) they should be able to pick anywhere to rent I would have thought.

That may depend on the size of their mortgage if they also plan to buy :)

Re: Schools and Suburbs

Quote:

Originally Posted by Japonica (Post 11978272)

There's statistics and there's statistics. :lol:

North Balwyn - The median individual income is $629 per week and the median household income is $1787 per week.
The median rent in Balwyn North is $413 per week and the median mortgage repayment is $2243 per month.

I still think someone on $200K p.a. can easily reside in those 'burbs and I presume they will take some savings with them so won't be relying solely on income.