this post was submitted on 24 Jan 2024
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44
Stage-three tax cuts: cabinet approves new cost-of-living relief for workers on less than $150,000 (www.theguardian.com)
submitted 10 months ago by gumnut@aussie.zone to c/australia@aussie.zone
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[–] bitwolf@lemmy.one 7 points 10 months ago* (last edited 10 months ago) (1 children)

It depends on area as well.

I make ~150k total comp. I got the job during pandemic.

I got really close to affording a house, but then RTO happened so I had to move closer to the office. Around the same time house prices ballooned.

Rent within an hour of the office is now half my monthly income. In my case there are other bills involved as well. I am very fortunate I can save money right now l, but I don't see every ten years being possible if things remain as they are today.

Hoping I can find a comparable job this year, somewhere cheaper, and happier to live.

[–] Marsupial@quokk.au 3 points 10 months ago (1 children)

Rent is way more than half my income. If I had an extra $100,000 a year I’d be set for life.

[–] naevaTheRat@lemmy.dbzer0.com 4 points 10 months ago

that's gross remember. It's defs good money but it's 110k ish annually. If you're on 50k gross you're getting 44ish annually? so it's 2.5 times your income.

Although a lot of people earning that much assuming they're not sole income for a family can probs afford tax minimising shenanigans though.

Idk I earned 120 gross at one point supporting 2 people (myself and sick partner) and it was defs not have to worry about much money but not save for a house with 600 a week coming out for a shitbox with an outside dunny and a 40 minute commute by PT. Single person or DINK and you're laughing though.