erins dad

When we move to Perth next year, my wage will be around $72K per year before tax. Could this support a family of four for 2 years until my wife can get a part time job, as have 2 kids aged 4 and 3 and she wont be able to work until they commence school.

Wendy

Well could you manage in the UK on the equivelent £30k??

Where abouts are you going??

Sam

this equates to about £30k, we survive and live quite happily (Alan may say otherwise ) on approx £22K, 2 adults and 2 kids aged 9 and 10

i'm sure $72k would support your family, it all boils down to priorities! (and mortgage ) it would support ours and then some for us too!

erins dad

Perth, rockingham area, as have friends there, and housing is as the budgies say, cheep.

erins dad

Thanks, obviously it will boil down to priorities, but we're going for the outdoor lifestyle and all that will cost is the price of sunblock. Oh, and a few

diddy

You're just opened a can of worms mate.

We're a family of 4 on a similar salary in Brisbane getting by OK, but it's nothing flash.

Paul.

renth

It's not a huge amount of money, you'll probably struggle a bit depending on mortgage. Property isn't cheap in Perth anymore BTW.

ABCDiamond

Assuming you will be PR, and whilst your wife isn't working, you will be entitled to family tax benefit of about $100 pw. This is based on $72k and two kids under 5.

For Information:
$72,000 is 35% higher than the quoted Australian average wage
and
£30,000 is 35% higher than the quoted UK average wage

Hence the comments about the £30,000 equivalent.

walla

the budgies are telling lies.

ABCDiamond

It does depend on the comparison area

But they aren't as cheap as they were
Rockingham Median Property prices Jan 2006
Houses $263,000
Units $177,000

http://www.homepriceguide.com.au/snapshot/

walla

I'll have to get down there and buy myself a rental.

What am I on about, I'm already here, I work here

ABCDiamond

I just looked on www.realestate.com.au , and there is nothing left under $200k even in the units market !

Cheapest was $139k, but it's under contract. Oh, there is one at $199k - 2 beds, but tenanted at $120pw.

artep

STRUGGLE????? I'd love to be 'struggling' on $72k a year. ..sheesh some people are never satisfied...always more more more

walla

there are some people buying rentals without even viewing them, they're selling that fast, particularly between 250k and 300k...

ABCDiamond

Ouch. That's what was happening in Sydney & Brisbane in the final throws of their booms. It was interesting times

25 years ago Brisbane prices were only $2,000 more than Perth, but the gap widened to $44,000 by 2002.

But it seems Perth has now caught up and surpassed Brisbane !

What does the future hold ? Will Brisbane take off again, or will Perth drop ? or will Perth stay ahead ?