Maz Posted January 29, 2008 Share Posted January 29, 2008 Hi Can anyone tell me the average wage for a plumber in Melbourne area, also an idea of how much tax is usually paid. I'm confused about mortgage rates, been watching "Wanted down under" tv programme and a butcher was earning 48k ausd and was looking for a mortgage of 400k ausd, is this possible? In UK we can only get a mortagage for approx 3.75% times yearly income. Any advise would be appreciated ~Maz Link to comment Share on other sites More sharing options...
Guest leanneandmark Posted January 30, 2008 Share Posted January 30, 2008 I thought that to?? they said there payments were gonna be £1200, :swoon: Thats way to much when your earning £20k . Surely thats all your wage!!!! Link to comment Share on other sites More sharing options...
Guest John Sydney Posted January 30, 2008 Share Posted January 30, 2008 Plumbers wages 48k might be the final declared wages after all the deductions - As for mortgages generally speaking you can get a no paperwork loan which means you don't ave to prove how much your earning just tell them that this is what you expect to earn - thus paying off the loan - general rule 10% deposit is considered very good - This means you need about 15% of the purchase price to complete the purchase - the other 5% covers legal stamp duty etc Link to comment Share on other sites More sharing options...
Life on easy street Posted January 30, 2008 Share Posted January 30, 2008 A 400k mortgage on a 48k sound’s like a low document loan Link to comment Share on other sites More sharing options...
Guest BullcreekBob Posted January 30, 2008 Share Posted January 30, 2008 A 400k mortgage on a 48k sound’s like a low document loan It sounds bl**dy stupid. Hopefully no sane bank, other lender or mortgage broker would touch you with a barge pole. I certainly wouldn't. Link to comment Share on other sites More sharing options...
Guest Liam Posted January 30, 2008 Share Posted January 30, 2008 Here is some detail on Plumber's salaries in Melbourne which you asked about : Jobs, Careers & Employment @ MyCareer In summary: Last 90 days updated weekly Average Salary Minimum Maximum Rolling 90 days (01 Nov - 30 Jan) $62,030.72 $54,728.56 $69,332.89 Average Salary Minimum Maximum Oct - Dec 2007 $64,184.23 $57,732.45 $70,636.00 Source: MyCareer job listings inclusive of wage. Figures may incorporate total pkg. Tax wise on $62K average wage as mentioned above you would pay about $13,200 in tax and you NEt take home woulf be $48,800 or $9.38.46 per week Hope this helps and please don't borrow too much.Additional Stress is the last thing you need in your first few years setrtling in over here. Liam Link to comment Share on other sites More sharing options...
Life on easy street Posted January 30, 2008 Share Posted January 30, 2008 It sounds bl**dy stupid. Hopefully no sane bank, other lender or mortgage broker would touch you with a barge pole. I certainly wouldn't. This meant was sarcastic comment. I know a hell of lot more about finance than some people on the web site. Link to comment Share on other sites More sharing options...
Guest EKOK04 Posted February 7, 2008 Share Posted February 7, 2008 Hi, We have recently got a mortgage with only one of us working. OH is on approx $48k and we had a deposit of $120k. The bank did not have a problem giving us a mortgage for a further $280k to buy our first house( including stamp duty). I think if you have a decent enough depsoit and an relatively decent income with no other outstanding debts the banks a prepared to offer more than they would initially in the UK. Hope this helps... Link to comment Share on other sites More sharing options...
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