opportunity overseas

Originally Posted by Unregistered

At this stage

I know.. House will cost the same as SG, I hve researched the suburb and size I want. Its 900k to 1.1 m for the area and size of hse I am looking at.
Monthly rental at $2500

My expected is a 10 to 15% pay cut from my current salary. I am reaching 40 soon, and honestly am worried I will not get much pay increment due to the fact that the salary bands for my levels are about there. I am already on the higher side of salary band for what I do. Unless I get promoted to directpr, which I dont plan on, I am not so ambitous and just want to work and spend time with myofamily.
I am not emotionally invested in my career so to speak.

I am attracted to the lifestyle in AU because I hope to continue what I am doing for the next decade of more with not much changes, slight salary increments, I can accept. I am not hoping for salary spikes, I am comfortable at this level. The new job is relatively simple from what I hear, I think I can do it well, its achievable, not rocket science. In fact I hope to retire in the smaller states, perth or QLD if possible, its slower there.

A few comments:

1) Your housing expectations are way too high for your given income. This has nothing to do with AU per se, more like proper financial planning. With your effective paycut to to 100k and husband job insecurity, you really should not be looking at a house costing $1.1m.

In fact as a new migrant, I would be quite worried if you push past $500k, you should downgrade the location and size drastically.

Now interest is artificially low, but in the past it used to run 6-7%, the mortgage payments alone will you guys.

2) One thing about AU you need to know is salary progression is very low to start with. It is a mature economy averaging 2-3% wage increase every year. If you already hit career ceiling and have no intention to climb the corporate ladder and just want to sit back enjoy life, then 1-2% increase every year already not bad for the rest of your life.

3) You should state in exact terms what exactly in AU that you think is better than SG. I somehow have this feeling you have a very romanticized misconception of living in AU. AU has it good points, but it's not a straight forward thing like just take pay cut go there & enjoy slower pace of life and whole family live happily after.

never under estimate the startup cost of migrating there. excluding buying the house, all the other one-off cost to settle the whole family can easily burn through 200-300k very fast in the first year.

You are right I could be too dreamy about moving to AU without looking at the Cons.
I was expecting to rent 1st in my 1st 6 mths to 1 yr in the suburb where I work (which is already half hr drive away from central SYD)

The location for house I am looking at is a suburb 30mins drive from central, unfortunately the hse prices there are 800k to 1.1m. I will consider to stay further away after settling down and familiarising with the area.

I have recently gotten a 15% pay increment from my current position and will be moving to the new post in early 2016. Its a different scope from what I am interviewing for with AU. After some research on salary benchmarking, I do see that I am at salary ceiling for what I do, hence it would be more viable to stay in SIngapore given the job opportunities here.

I am awaiting the offer and hopefully have clarity to the numbers and what it can mean for me and my family. I will also discount the fact that this number could be what I see (stagnant) for the next couple of years.

In singapore I have experienced average 10 to 15% increment with a job hop, this is modest. But I do not know if AU is worse off. Definitely not a place for wealth accumulation

Originally Posted by Unregistered

You are right I could be too dreamy about moving to AU without looking at the Cons.
I was expecting to rent 1st in my 1st 6 mths to 1 yr in the suburb where I work (which is already half hr drive away from central SYD)

The location for house I am looking at is a suburb 30mins drive from central, unfortunately the hse prices there are 800k to 1.1m. I will consider to stay further away after settling down and familiarising with the area.

I have recently gotten a 15% pay increment from my current position and will be moving to the new post in early 2016. Its a different scope from what I am interviewing for with AU. After some research on salary benchmarking, I do see that I am at salary ceiling for what I do, hence it would be more viable to stay in SIngapore given the job opportunities here.

I am awaiting the offer and hopefully have clarity to the numbers and what it can mean for me and my family. I will also discount the fact that this number could be what I see (stagnant) for the next couple of years.

In singapore I have experienced average 10 to 15% increment with a job hop, this is modest. But I do not know if AU is worse off. Definitely not a place for wealth accumulation

Its good you think before leaping blindly. FYI I work in Aussie for 3 years + and I would say job hopping can still get like 8-10% although 15% is possible but not so common. The main difference is in Sg we tend to be more tolerant of job hopping e.g. every job stay 1-3 years is considered ok here, but over there they are more looking at 5-7 years in one place for executive/manager type of jobs.

Originally Posted by Unregistered

Its good you think before leaping blindly. FYI I work in Aussie for 3 years + and I would say job hopping can still get like 8-10% although 15% is possible but not so common. The main difference is in Sg we tend to be more tolerant of job hopping e.g. every job stay 1-3 years is considered ok here, but over there they are more looking at 5-7 years in one place for executive/manager type of jobs.

But my current history is max 3 years on a job. I have lots of job hops on my resume. Does this mean I may be 2nd priority on the offer.