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| How times have changed | |
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| Tweet Topic Started: Jul 31 2011, 02:44:02 PM (190 Views) | |
| ABCDiamond | Jul 31 2011, 02:44:02 PM Post #1 |
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How times have changed since I returned to Australia. Australian Dollar Value against the British Pound 31st July 2002 2.8985 31st July 2011 1.4934 Australia Minimum Wage July 2002 $431.40 per week or £148.84 July 2011 $589.30 per week or £394.60 Up 37% in Australian terms or 165% after UK Conversion Australia Average Adult Full Time Wage Nov 2002 $ 923.30 or £318.54 Nov 2010 $1,325.00 or £887.24 Up 44% in Australian terms or 179% after UK Conversion Sydney Median House Price Sept 2002 $413,000 or £142,487.49 Sept 2010 $595,000 or £398,419.71 Up 44% in Australian terms or 180% after UK Conversion Brisbane Median House Price Sept 2002 $198,000 or £68,311.20 Sept 2010 $460,000 or £308,021.96 Up 132% in Australian terms or 351% after UK Conversion UK Median House Price Sept 2002 £110,830 or $321,240.76 Sept 2010 £167,354 or $249,926.46 Up 51% in UK terms or down 22% after Aus Conversion UK Average Weekly Earnings (All) Nov 2002 £342 or $991.29 Nov 2010 £443 or $661.58 www.statistics.gov.uk/STATBASE/Product.asp?vlnk=14015 UK Average Adult Full Time Wage April 2002 £423 or $1,226.07 April 2010 £499 or $745.21 www.statistics.gov.uk/cci/nugget.asp?id=285 www.ukagriculture.com/uk_farming.cfm All 2002/03 figures are converted at the 31st July 2002 rate All 2010/11 figures are converted at the 31st July 2011 rate Posted Image |
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| Tiredwithtwins | Aug 9 2011, 02:42:55 AM Post #2 |
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Admin
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what are the comparisons on income tax for both countries erick? :flowers: |
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| ABCDiamond | Aug 9 2011, 02:50:19 PM Post #3 |
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I did something in 2009 on this, at: http://www.britzinoz.com/tax-rate-comparison-uk-aus
Maybe it is time to update again... I will check this later. |
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| ABCDiamond | Aug 9 2011, 02:53:40 PM Post #4 |
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Going back a bit... In 2006 Australia had an overall tax to GDP ratio of 31.6per cent, Australia is a low tax country by comparison with other developed economies. Australia has the eighth lowest tax burden of the 30 OECD countries. http://www.treasurer.gov.au/DisplayDocs.aspx?pageID=&doc=pressreleases/2006/021.htm&min=phc |
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ohippy
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Aug 9 2011, 04:33:18 PM Post #5 |
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Original Opulent Optimist
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I have to say .. it doesn't feel like it ! Maybe it's because of the extra stuff on top you have to pay like medical and dental even for kids. |
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ohippy
10:23 AM Jul 11