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Re: UK or Australia
Originally Posted by Bermudashorts
(Post 8889525)
I go through Mosman and Neutral Bay every day on my way into the CBD. I would say there is not much chance of getting a house in these areas for 650pw, these are expensive areas you are thinking of. I think you would be looking at units for that budget in this area.
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Re: UK or Australia
Originally Posted by man777
(Post 8889531)
Thanks again, I have seen few properties in about 650 in Kilara but guess they may not be very good as you have suggested. How are you finding life there as you have probably moved recently. Would it be worth to stay in aprtment then for some time, may be a couple of years just to save commuting time? Cheers
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Re: UK or Australia
Originally Posted by Bermudashorts
(Post 8889540)
Don't know Kilara, if you have seen houses for 650 then I am sure it is worth a look, maybe you will get lucky. I think that whether you live in unit or house is an individual preference, we wanted a house as we have accumulated too much stuff for an apartment and also have two cats. We find commuting quite easy from northern beaches to CBD so I definitely would not have opted for an apartment nearer the city rather than a house a bit further out.
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Re: UK or Australia
I have posted on the LAFHO thread about an apparent discrepancy between what your employers are offering you annually for LAFHO and what the generally accepted levels for LAFHO on a 457 are. the post is here Could be worth double checking their figures before you start looking at neighbourhoods/schools, etc?
Originally Posted by man777
(Post 8889410)
Thanks Guys and Gals for such useful comments, I know it is very subjective to say more luxurous or just luxurious but even that could mean anything for different people. What I mean by luxurous to live decently in a decnt house near to really good schools and save something for future. Do you think on 144000 with LAFHA would fetch in the region of 8k and if you sepnd say 650pw on rent and 1k for schooling (visa 457), you are left with 4.5k per month and that in my opinion should be good as you can easily maintain a car say 500 per month on novated lease (no bmw, just a decent, A to B car) and hopefully food and utilities shall not be more than say 1k per month if you are not eating out much and drinking beer everyday.
So in a nutsell monthly expenses for a decent living: 2.5k for rent 1k for schooling for two kids 1.5k for food and utility 0.5k for car Total = 5.5k Leaves you with 2.5k and take another 0.5k for miscellaneous, leaving with 2k saving everty month to see world and save something for future. Is that a good break-up or anyone feels too less or too much on any component. Cheers and hope this would generate more views, good ones! |
Re: UK or Australia
I'm not too great at explaining stuff like this, but I'll have a bash....
People (including the natives :thumbup:) who have been established in Sydney for several years, maybe bought houses before prices shot up in recent times & who have maybe been established in jobs for some time, with the increments of payrises, holiday pay & so on over the years, are in a different situation from a family arriving tomorrow & having to start out from scratch. It is the same here in London. Newcomers find it very hard to get established, buying into a different property market at current prices...that doesn't mean that families don't live here on "average" wages, but they can afford it because they have the benefit of having been here a while. We will be moving to Melbourne - my OH expects to earn much more than the average wage, but the simple fact is, that with 2 teenagers to feed & clothe & with house prices being the way they are, we simply can not afford to live in Sydney. But we don't care, coz Melbourne's better than Sydney anyway :p Best of luck :) |
Re: UK or Australia
I live in Sutherland and have to say it all depends where you want to live if you commute by rail then you haven't much chance of a house for $650per week because you will be gazumped the competition is fierce,
but the cheaper houses are cheaper for a reason the traffic is really bad into the cbd or they are fibros nearer the city rents are more expensive beach living costs too! |
Re: UK or Australia
Originally Posted by JenniGee
(Post 8889662)
with house prices being the way they are, we simply can not afford to live in Sydney.
But we don't care, coz Melbourne's better than Sydney anyway :p Same here, although I think I would happily live in Sydney if I could afford the same lifestyle as I can in Melbourne. BB |
Re: UK or Australia
Originally Posted by Bermudashorts
(Post 8888376)
Why is it offensive? Why do you assume that 90pc of people on BE earn less than the average salary or just above it? Why is it that anybody that earns more than average salary has to keep silent in conversations like this. I would completely agree with Coldbear, 125k is not going to provide a luxurious lifestyle and it is absurd to suggest it would provide an exceptional standard of living.
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Re: UK or Australia
does anyone drive to work to neutral bay, if yes, whatare the car parking options and is it a reasonable amount or quite much like london, I hope to be in Kilara with office in neutral bay..
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Re: UK or Australia
You'll have to include private health insurance (still a requirement on a 457 I believe?), contents insurance (if you take it up) as well as public transport (if you only have one car) to your monthly break up. Things add up very quickly...
We live very comfortably in Melbourne on about $130k with 2 small children, but we are at best 35 minutes from the CBD. Before mortgage, we did have quite a bit extra to play with every month, and we rented 6km out of the CBD, but food was more expensive and rent was only $435/week. We chose to buy in the North Eastern suburbs and love where we are but our life is very different from what it used to be. And yes, I know OP is talking about Sydney, but I think this sort of variation is the same for Melbourne and Sydney. I guess I'm trying to say that it will all depend on where you are and how you live your life. I found that being in an inner city suburb, I spent a lot more $$ on activities (most other families we knew in the area were much better off financially than we were) with my kids' friends, temptation to go out or get take away was much greater, cafes and restaurants were more expensive... I know I didn't HAVE to go out or spend extra money, but I am weak when it comes to some things :o I would choose where to live very carefully as living costs (other than rent) will vary greatly according to area. |
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