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| Income and Jobs Discuss jobs, career options and of course salaries |
Topic Review (Newest First)
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| 04-12-2015 05:26 PM | ||
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| 04-12-2015 04:42 PM | ||
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| 04-12-2015 03:22 PM | ||
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5051 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 |
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| 04-12-2015 11:56 AM | ||
| Unregistered | 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. | |
| 04-12-2015 12:48 AM | ||
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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. |
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| 03-12-2015 01:42 PM | ||
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im pretty sure you can get cheaper housing - just stay further away from the CBD. its going to be like the outer districts, tkaing 30mins-1hr to get to work, but isnt it the same in SG? unless you have an apartment near Plaza Sing now. like what someone said earlier you cant get into AU when you are older as a retiree. They have generous pension payouts and why would they want you if you are a receiver and not giver? |
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| 03-12-2015 11:07 AM | ||
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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. |
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| 02-12-2015 05:55 PM | ||
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The challenge is how to maintain the same level of lifestyle on a much reduced pay. Unless you are planning to really retire in some rural small town, the big cities aren't exactly that much cheaper. Car is much cheaper, but housing is still quite ex especially if you intend to stay in the Sydney city proper. A good apartment in city itself can cost $500k upwards, suburbs are cheaper with a good landed $350k+. Other than that, the rest of living expenses can be more expensive than Singapore. I think you should not make such life changing hasty decision for the whole family especially when you are not even 40 and the job offer needs a big pay cut. Jobs in Australia is also not that easy to find for your husband and if you lose your job halfway also not easy to get back as economy is very bad there. |
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| 02-12-2015 01:36 PM | ||
| Unregistered | I have lived in AU for a couple of years and have friends there, in different states now. Honestly think its better in AU simply because of the slower pace and lifestyle. Racist or not, I guess I see racism in SG as well. I alone am racist because I dont favor certain races. (shall not name ) | |
| 02-12-2015 01:28 PM | ||
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yes, aussies are racist. in fact, most people are. just look ard you. indians hire indians, and in sinkie land, locals are now being discriminated by the chinese/pinoys/indians. so whats so bad about being discriminated by the aussies? |
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