Is 73K per annum is enough?

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Is 73K per annum is enough?


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Old 05-09-2013, 11:30 AM
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Smile Is 73K per annum is enough?

Hello,
I'm just new here.
We are currently residing in Singapore. My husband got a job offer of A$73K salary per annum in Melbourne. I just want to get your opinion if it is enough for a family of 5. We are not Australian PR and we will come there under hubby’s company sponsor visa.
Expenses:
1. Housing (2 bedroom house)
2. Kids' Education
2.1 Catholic School (x2)
2.2 Special Education School (x1 My son has Autism)
2.3 School bus
3. Electricity, gas, water, phone
4. Food
5. Car (car monthly mortgage price, gas, maintenance, insurance)
6. Health Insurance for non PR like us
7. Health check-up in a nearby clinic or hospital
6. Which suburbs is near to VIC3000(postal code) which is safe and has good school for my kids (Public or Catholic). My hubby don’t mind to drive far to work. Our priority is to stay in a safe community and has good school for my kids. Specially for my son who has special needs.
7. Any child care in the area? I might need to go to work to help hubby until we’re financially settled.
8. Relocation Service of all our stuffs from Singapore to Australia (for any member here came from Singapore)
9. Affordable airlines from SG to AU and vice versa (for member who came from Singapore)

Thank you so much. Any inputs and advices are greatly appreciated.


Last edited by meiang1974; 05-10-2013 at 03:27 AM.

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Old 05-09-2013, 12:44 PM
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What job does he do. 73k is great income for 1 person but don't think family of 5 can live on it and expect ur kids to go to private schools too

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Old 05-10-2013, 03:35 AM
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Thanks for your reply chicken99.
He is in IT.
I know that sending my kids to Private School will be tough. I thought Catholic School is much cheaper than Private School?
Appreciate if you can share your views on my other concerns on expenses. I need a rough figure of how much we need.
Thank you.


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Old 05-10-2013, 11:40 AM
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I don't have kids so not much knowledge about that sort of stuff but we only have 2 types of schools public which anyone can go too and which includes special schools for special kids and private schools all of which are pretty expensive whether they are religious schools or not. Hane u checked out the Medicare site to see off uare entitled to any free health care. Aussies pay percentage of our wage to cover us but don't know about foreigners. Rents u can check out on real estate.com.au anything close to cbd in big cities is always more expensive. For example I'm in alderley Brisbane ( use google maps) and I pay 380 pw for 2 bed townhouse cause its only 15 mins on train to cbd where I work. For private health costs go to choosi.com.au as they compare healthins and other ins also. Food depends where u shop cheap groceries at aldi u can see prices at Coles online.com.au but ordering online is bit dearer than in person but will give u an idea. Car - my 6cyl costs 900 a year for gov rego fee and about 500 a year to insure but that's with rating one as newbie with new rating urs will be more. Check out colesinsuranceonline.com.au or youi insurance to give u idea. To buy car check out car sales.com,au. Don't no if I am much help but didn't see anyone else answering so thought I would try

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Old 05-10-2013, 11:41 AM
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Air Asia is cheapest flights

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Old 05-10-2013, 11:45 AM
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Petrol 150 litre. Elec is really expensive. Most families will pay around 80 $ a week. My bill is about $200 for 3 months but I live alone. Phons just use ur mobile don't get house phone unless u doa bundle and get it free with ur Internet. I.e 100 per month gets u net, unlimited local calls. Mobiles cheap I pay 30 a month which gives me 300$ credit.

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Old 05-10-2013, 01:34 PM
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Chicken your prices are crazy. My Internet is $58 unlimited downloads and uploads. Electricity bill $55 per month with dryer and aircon.

This is not an immigration advice

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Old 05-10-2013, 02:54 PM
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U must have better deals than me are in qld? The 100 Internet deal with free calls is Optus. My elec is about 65 a month or 200 3 months so not much different to urs

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Old 05-12-2013, 02:12 AM
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I pay $600 per quarter of electricity in 2 bedroom unit in Sydney South.

As for $73k salary - it is not bad although for IT it is nothing special. If you send your children to public schools, you will not pay much for it. Not sure about cost of special education.

I would say is nothing special and you would need a second income of around $30 - $35k per annum to be able to survive without stress.

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Old 05-12-2013, 08:23 PM
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If you aren't a PR, the government charges 4 or 4.5K for public school. Private catholic school will charge half of that. Public school can be waived if you write a letter stating your financial situation (single income family). The government/school can then decide to help you out.

If you get PR, then you can pretty much transfer to public school. Public and private provide the same quality education. Even public school has religion classses.

Try salary market research for Melbourne IT jobs that you're husband will get. Since 457 (work sponsored visa) no longer has LAFHA, you get all the tax that the government wants. Also check the contract if salary has annual increases or not. If you get stuck on that pay, you may not be happy in comparison to others working in the industry.

Also try to search the rental rates where you plan to live (realestate.com.au/domain.com.au)

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Last edited by cjka; 05-12-2013 at 08:34 PM.

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