does anyone know how much tax i will pay if i earn 60 thousand dollars per year in Australia? And also will i have a good standard of living from this wage? I have a partner who will work part time as a llecturer (fingers crossed) and we have a little girl. we would like to buy a house in the northern suburbs of Perth. How do the morgages work? Here you can borrow 3.5 times your income. Is it the same in Australia? How does it all work? Any answers will be really appriciated as we have been offered sponsorship and we are trying to work out of the money is worth it. I am a bricklayer. the house will be 7am - 3.30 pm with half an hour break. Monday - friday.

Thanks
Stacey

Stacey

Follow this link through to the Australian Taxation Office where individual income tax brackets can be confirmed.

http://www.ato.gov.au/individuals/content.asp?doc=/cont...mnu=5464&mfp=001/002

If you are earning $60,000 then you would be looking at paying annual tax of approx $13860 if I have got my calculations right. You pay 30c in the $1 for every $1 you earn over $21,600 between $6,000 and $21,600 you pay 15c and under $6,000 no tax paid.

You will also pay 1% medicare levi (if perm res) as you are earning over $50,000 (thionk that is still the current rate).

We live in the Northern Suburbs of Perth and got a mortgage with HSBC within a month of arriving. I had a job offer and a Contract of employment which was enough to secure a loan of 3.5 times my salary. We did have a large deposit to put down on the house which may of helped.

You can get a mortgage before you leave the UK. We didnt know we could do this before we left our jobs and the UK so could not take advantage of it. It may be worth you investigating this option.

Good luck with the move

Sharon
http://www.immigrateperth.com