RNB31

But re-reading Jac's post, its only short term.

 

Long term, scary.

On my workings of $95k before tax and inc the child rebate etc there isn't much savings in my pot certainly not enough to raise a 20% deposit. We would have enough for a deposit on the sale of our UK home though, if it wasn't for that equity in our UK house I doubt I'd be able to raise the funds to buy in oz

It's difficult to say because people tend to scrape by on what they have, imagine that $20k more would be transformational, and get puzzled why people on twice their money still struggle.

 

The truth is, $95k is not a huge joint income for bringing up a family. Some people will do it on much less, though.

Yip with one of us only being able to work fulltime the big question is , is $95k going to work for us, i suppose yes we will make it work, but is that going to give us what we want/need. Only me and my wife can answer that now...

We are going to have to go away with all the info and advise and have a serious think.

We have the money to do it

We want to do it

But the wage situation does make me nervous

Thanks for all the info guys

Child care benefit is about 10% off the $100, then Child care rebate is 50% off that, so about $45 per day for the 4yo and about $20 per day for the 7yo in before and after school care.

Ah thats great, I didn't realise the figures have rebate etc deducted already.

I did my calculations on their website and its does help.

How do you think you would find in on a joint income of $95k before tax, then when one goes to school if that was to drop to $75-80k?

Ive just relooked at this and even though its a year old, most costs havent changed that much.

 

Health insurance is up a few hundred a year, car rego also up $50 pa each.

 

Other insurances down, as too is fuel.

 

 

The rest about the same.

 

http://www.pomsinoz.com/forum/household/208074-living-costs-melbourne-2014-a.html

Great info, Thanks. is your child care bill, 2 kids for 2 full days? I was looking at childcare of $100 a day.

My $95k is top line salary, its going to be tough!

I think what the OP needs is for families in MELBOURNE in an average 3 bed house with no solar. There are so many variables but it doesn't help them to know what people in Tassie or Queensland use.

Thanks to all for taking the time to reply and this is all good info, but as bristolman says, I am really looking for families in Melbourne suburbs, 3 or 4 bed house, preferably newer build houses so I can get an idea.

I do think from what I have read on this post I need to account for $100-200 more a month to cover the Utilities

Ok I'll keep an eye on this post so if families living in newer houses in suburbs like pointcook want to share their Gas, Elec and Water costs then I'd really appreciate that as a guide also

Thanks

Well you could certainly use that as a guide, if you roughly double it to convert to dollars then you could be looking at $240 or so a month. I will stress though that that is just a rough guide.

So on that rough guide Gas and Elec $240 compared to what I thought of $140 a month

To give you a rough idea electricity and gas is more expensive than here and daily charges are much higher so if you are living in a roughly comparable house then bank on paying AT LEAST as much as you would here in the UK. There really are just too many variables though. As has been said Australian houses are mostly poorly insulated and take a lot to heat and to cool.

In the UK I have a 3 bed detached 1970s build, I am about £120 for Gas and Elec, in Scotland so just council tax which is £190 a month

Don't over think it though. If you find your bills are higher than you had hoped just economise or find a better deal.

Yeah I don't want to over think it as there is always ways to cut back but with my figures I am predicting am I looking to say I need $100 more a month to be realistic to cover the 3 Utilities or is it more like $200-300 a month. Hopefully I'll get some more bills from families and can gage an average

Don't forget that is with solar panels, that is still an extremely small quarterly bill with a small amount of solar panels.. You really need to look at all the figures given and come up with a rough average. Apparently the average yearly bill is in the region of $1800-1900.

Yeah that is what I am hoping to do is to compare families with a similar set up to me and take an average, I would say I am under, but just need to work out how much I am under in predictions.

So those figures are not a million miles away from my predictions.

Mornington peninsula for us.

 

70's brick veneer.

 

2 Adults, 2 Children under 8.

 

Gas - Hot water, hob, ducted heating. $60 per two months in summer half of year. Upto $250 per two months in winter half of year. Im ruthless turning it down and off. Thats what jumpers and snuggling were invented for.

 

Electricity - $175 per quarter ave. Less in summer months, more in winter months. But we have 1.5 kW worth of solar on the roof. Getting paid the same feed in tariff as we pay for it. Only used aircon once this summer. Evaporative cooler on roof is great, and it runs at 700W rather than 2400W. All lights LED downlights.

 

Water - $200 per quarter. We average 60L per person per day. A 2000L tank does all veggie gardening watering.

Thanks for the replies looks like I may have actually got these figures a bit wrong, would really appreciate any families in Melbourne suburbs to share their Gas, Water and Elec outgoings, monthly or 1/4 with me so I can get a better idea

Hi thanks for replies so far.

I am basing these calculations on a 3 bed house in a suburb like point cook, so a fairly new house, no pool. Usual appliances washing machine, dishwasher, tumble dryer, 1 or 2 TV's

Hey,

Just looking for some Melbourne families to share their Utility Bill costs, I would be hoping my monthly calculations are on track but suspect they might be way off!

Family x 4, 3-4 bed house suburbs

Water $70

Electricity $90

Gas $50