8 days in Melbourne
#16
BE Forum Addict
Joined: Apr 2012
Posts: 1,603
Re: 8 days in Melbourne
$350k is equivalent to $4k net per week
OP we had 2 in private school and before other costs this and rental of 3 bed 2 bath house in better part of melbourne was just short of $3k per week
When assessing private ensure you account for 20% to 30% on top for other costs.
#17
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,704
Re: 8 days in Melbourne
I am struggling to write a sensible response to someone who is concerned that $350,000 will not be enough to live on so I'm not going to write any more replies.
BB
#18
Re: 8 days in Melbourne
Thank you for your reply. That's great to hear
but am confused as some ppl have said due to the cost of
living the exchange rate should be looked
at as €2.5 to every £1. If this is the case then €350,000
works out around £150,000 which is no better
to what earnings in the UK are.
Is €2.5 to every £1 realistic?
Do you mind me asking if you have kids and
do you rent, own a house, can afford to travel back to
the UK once a year, etc.
How much does health insurance cost for a family
of 4?
Thank you so much for your help.
Hanna
but am confused as some ppl have said due to the cost of
living the exchange rate should be looked
at as €2.5 to every £1. If this is the case then €350,000
works out around £150,000 which is no better
to what earnings in the UK are.
Is €2.5 to every £1 realistic?
Do you mind me asking if you have kids and
do you rent, own a house, can afford to travel back to
the UK once a year, etc.
How much does health insurance cost for a family
of 4?
Thank you so much for your help.
Hanna
if you use the unofficial rate of $2.2-$2.5 = £1 then you can compare prices in a rough sort of fashion.
That means that your husbands potential earnings of $350k will have the same spending power as £150k in the UK. Considering that £150k is approx 5 times the average annual income in the UK (and $350k is approx 5 times the average income in Australia) I'm bewildered as to why you're so interested in the availability of cheap food, clothes, toys.
#21
Re: 8 days in Melbourne
Thank you for your reply. That's great to hear
but am confused as some ppl have said due to the cost of
living the exchange rate should be looked
at as €2.5 to every £1. If this is the case then €350,000
works out around £150,000 which is no better
to what earnings in the UK are.
Is €2.5 to every £1 realistic?
Do you mind me asking if you have kids and
do you rent, own a house, can afford to travel back to
the UK once a year, etc.
How much does health insurance cost for a family
of 4?
Thank you so much for your help.
Hanna
but am confused as some ppl have said due to the cost of
living the exchange rate should be looked
at as €2.5 to every £1. If this is the case then €350,000
works out around £150,000 which is no better
to what earnings in the UK are.
Is €2.5 to every £1 realistic?
Do you mind me asking if you have kids and
do you rent, own a house, can afford to travel back to
the UK once a year, etc.
How much does health insurance cost for a family
of 4?
Thank you so much for your help.
Hanna