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Money, Money, Money: The price of living in Oz

Money, Money, Money: The price of living in Oz | Australia | Scoop.it

Australia is fast gaining a reputation as an expensive place to live; it has a strong dollar, a very buoyant housing market and an economy that managed to avoid recession when the rest of the world was crashing. Bravo.

 

The booming mining industry in Western Australia, helped by China’s growing energy consumption is also playing a major role in fuelling the economy and pushing up property prices. Add to that the fact that Australia now boasts six of the world’s 30 most expensive cities to live, and you begin to get the picture. But beyond the headlines, what does this mean for people living and working there? When salary, disposable income and the all-important (yet all-too-difficult to define) “quality of life” are taken into account, not to mention regional variation, what is the price of living in Oz?

 

Salary Boom

For a start, living and working somewhere is abundantly different to visiting; the exchange rate over the last few years has been enough to make even the flushest of holidaymakers blush at the bureau de change, but wages are higher to reflect that extra expense. The average salary is significantly higher than in the UK. In 2013, figures put the Mean annual UK wage at around £26,500 (AU$48,644), the equivalent figure in Australia is around AU$72,000, an increase of 48%. The average salary for IT jobs in Sydney, which you can find here http://www.ambition.com.au/it-jobs-in-sydney, for example, is a 20% increase on the equivalent in London. Even taking into account the difference in the cost of living, across all regions, this equates to more disposable income - kerching!

 

High Life in the City

Within the country itself, there is obviously much variation in price; the most expensive region is New South Wales, as you might guess. Sydney is now 11th on the list of the most expensive cities in the World, where a loaf of bread costs an average of over $3 and average property prices in the more exclusive neighbourhoods are as much as $2.9 million.

The rent on a 3 bedroomed apartment in Adelaide is on average, over 47% less than in Sydney, while the level of disposable income is just over 20% less than in Sydney, this demonstrates some of the benefit to digging a bit deeper to find out the real cost of living and what it means for anyone thinking of making the move to Australia.  There are in excess of 500 suburbs or towns dotted all over Australia with a median weekly rent of $250 a week or less. When you consider that some of these are a stone’s throw from some of the most beautiful beaches in the world, that “quality of life” measure really comes into play.

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Has Abbott miscalculated Australia’s new budget?

Has Abbott miscalculated Australia’s new budget? | Australia | Scoop.it

Springing into power as Australia’s 28th Prime Minister in 2013, Tony Abbott preached on television about his visions to create a new government and that Oz was 'open for business'. 


Controversy in power

Since taking power, Abbott has been met with quite a large amount of negative criticism. He has made unpredictable budget cuts for what could easily be considered as fragile or needy organisations and Australia's deficit for the last financial year still came to over $17bn. This new and improved government is not without its controversies either and surprisingly enough, media mogul Rupert Murdoch is lurking at the centre of it. Nearly $900m was handed to Murdoch as a tax rebate at the unwitting expense of the Australian tax payer. This accounts for nearly a 20th of the entire deficit generated last year. However during press interrogation, Abbott completely denied all knowledge or affiliation with this issue. Of course, the Australian treasurer Joe Hockey had nothing to add. Murdoch then showed his appreciation recently as the Australian newspaper, usually a firm supporter of the government, described Abbott's budget was the worst in the country's history. 

 

Outrage in Oz

Abbott has been twisting his mustache at the prospect of several other cuts throughout the country's economy and infrastructure. The new prime minister vowed to slash 16,000 jobs in the public sector, however he feels these scales can be neutralized by raising the cost of medical care and university tuition fees. As well as abolishing benefits for citizens under 30, Abbott also wants to raise the age for pension and also make a $2.6bn spending cut on the welfare system. These attacks on the common people has outraged Australians and a small but passionate number of protesters have begun to take a stand. Lining the city streets with banners and posters, their persistence has been enough to arise the concern of several government officials. The people of Oz are currently dwelling in an aura of mistrust created by the newly elected prime minister because he originally promised to deliver a logical and 'no surprises' government. Reality has revealed quite the contrary and now many are accusing the prime minister of being deceiving and of being an excuses type of person. 

 

Over the last 30 years, Australia has risen as an economic power and has dribbled the unpredictably fluctuating global platform quite well. Abbott has only been in power for one year, however so far he has not created much confidence within the masses. Finance manager jobs are available in many government sectors and provide an invaluable service to organisations and communities. If you are interested in joining this line of work, you can click on the link for more details http://www.ambition.com.au/finance-manager-jobs.

 

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Moving to Melbourne: New Life, New Job

Moving to Melbourne: New Life, New Job | Australia | Scoop.it

Melbourne, Australia’s cultural capital, is second biggest city down under and the capital of the state of Victoria. Melbourne really does have it all; a thriving social scene and superb career opportunities, within easy reach of the beautiful beaches that make Australia so special. No wonder it's a popular choice for those looking for a change! There are jobs to suit all levels of expertise and experience, with numerous industries dotted amongst the city. Those with families can count on good housing and schools, while the city's extensive infrastructure allows citizens to benefit from excellent facilities and amenities.

More about Melbourne
The city enjoys an enviable location on the estuary of the Yarra River at Port Phillip Bay on Australia's south east coast. With a moderate climate with changeable weather during the summer, Melbourne has been repeatedly rated the world's most livable city by the Economist Intelligence Unit since 2011. City dwellers of Melbourne have a fairly affluent lifestyle, thanks to excellent work prospects and the city's thriving economy. The bustling social scene and the abundance of clubs and live music venues, numerous music, arts and film festivals, children's facilities and the inimitable street performers are just a few of the things that make Melbourne a very attractive place to live.

Moving to Melbourne
Whether you're moving from another area of Australia, or emigrating from Europe or the USA, there is plenty of work and accommodation to be found in Melbourne. Those coming to the city from overseas will require the appropriate visas and work permits. Jobs can be found in the leisure industry, finance, nursing, health care, education, catering, hospitality, construction and engineering. You can expect remuneration to reflect the cost of living, which tends to be slightly higher than in some other parts of the country, as well as many employers offer attractive benefit packages.

Finance jobs in Melbourne
Finance is one of the most exciting areas for those seeking employment, and there are good positions to be found within nationally and internationally known companies. Melbourne is one of Australia's leading financial centres, and a major force within the Asia-Pacific trade area. If you're interested in finance related positions you'll find our team of specialists invaluable. Whether your forte is accounting, audit, risk management or financial consulting, we're always happy to hear from ambitious people who are planning to move to Melbourne. It truly is one of the most beautiful and prosperous cities in the world, and people from all cultures and backgrounds choose it as their home. For information on some of the most rewarding jobs in Melbourne, go to http://www.ambition.com.au/finance-jobs-in-melbourne.

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What caused the recent fall in unemployment in Australia

To many experts’ astonishment, the Australian unemployment rate plummeted to just 5.8% in March this year. Why was this so astonishing? Well, only in February 2014, the unemployment rate was at a decade high of 6.1% (the highest it has been since 2003), and economists had expected it to remain there for the foreseeable future. In fact, the Reserve Bank of Australia’s outlook for the jobs market had been that unemployment would continue to rise for the first six months of the year. Factors such as the slowdown in mining investment had fed into this belief. The overall effect that this unexpected turnaround has had on the general economy is buoyant. On the day the new unemployment rate was announced, the Australian dollar jumped over 50% of a cent and hit a four-month high. These unforeseen circumstances could also mean that the central bank raises interest rates earlier than had been expected, however, this seems unlikely in the very near future.

Why did it come down?

In a nutshell, there are more jobs in 2014 than there were in 2013 and the years before. It would appear that we are on the brink of a new, thriving jobs market – this is what all the indicators are telling us. According to Australian chief economist Craig James, job creation is currently at the highest it has been for two years. This is further supported by the fact that one of the recent monthly ANZ surveys showed that new job advertisements have been rising steadily this year. The Australian Bureau of Statistics data has backed this up, stating that after a weakened quarter 4 in 2013, more and more job vacancies in both the public and private sectors have been opening up. In fact, they have established that job vacancies rose by 2.6% in the three months preceding February. The Australian Bureau of Statistics data also confirmed that the number of people in employment jumped by 47,300 in February, and then by a further 18,100 in March.

So what has caused this new found abundance of jobs on the market?

One of the key reasons seems to be that companies who were reluctant to take on employees last year are now feeling much more positive about recruiting. This can be attributed to improved retail spending by consumers and a better business outlook, as well as other general economic factors such as an improving housing market.

The finance sector

In terms of the number of people moving into new roles, the market for finance manager jobs was very static in 2013. Industry leaders are now expecting this to pick up considerably in 2014. This sector had been particularly slow to recover from the global financial crisis that happened a few years ago. The recession was responsible for many workforces having to face major staff cut backs, however, this is now changing and is expected to only get better as we make our way towards the end of 2014. In fact as 2014 progresses, it is expected that there will be a particularly strong demand for candidates looking for finance manager jobs who have good commercial and analytical skills.  Take a look at www.ambition.com.au/finance-manager-jobs for more information. 
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Economy on track after the train wreck - The Australian

Economy on track after the train wreck - The Australian | Australia | Scoop.it
Economy on track after the train wreck
The Australian
The budget is being rebalanced with the rollout of new economic infrastructure, and Infrastructure Australia will provide more transparent cost-benefit analyses.
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MELBOURNE INFOGRAPHIC

MELBOURNE INFOGRAPHIC | Australia | Scoop.it

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Rebecca Baines's insight:

Visit Ambition Australia for careers in Melbourne www.ambition.com.au

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The Australian Economy Is Facing Some Serious Headwinds - Business Insider Australia

The Australian Economy Is Facing Some Serious Headwinds Business Insider Australia Since the Federal Budget and the associated crash in consumer sentiment, which has the Westpac monthly measure down 6.6% and the ANZ weekly measure down 11% since...
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How to make the most of the increased value of the Australian dollar

Making the most of the increased value of the Australian Dollar requires skill, ability and knowledge in order to get the best results possible. This knowledge is something that a skilled finance manager will be adept at providing. Due to the increased value of the dollar, now is the perfect time for Australian consumers to take advantage of the lower prices on foreign products or services.

 

Investment Opportunities

The current economic climate, with the increased value of the dollar, is of great benefit to local investors and consumers, making it the perfect time for Australian firms and investors to expand into foreign markets, as fewer Australian dollars are needed to purchase foreign currency than before. This in turn means that Australian companies who import products from overseas have increased purchasing power and can purchase an increased amount goods or raw materials for less.

 

Melbourne is home to Australia’s largest container shipping terminals, making this the perfect place for a company's import and export centre. This is set to expand, increasing jobs and requirements for skilled workers including finance managers. The increased value of the dollar in Australia has also boosted consumer confidence in Melbourne, assuring citizens of the own personal wealth, resulting in an increase in spending on commodities and investments. Stocks and bond prices are lower at present, making it the perfect time for individuals and companies to make sound investments in this area. Skilled finance managers provide expertise to make the best decisions on who and where to invest.

 

Working in Finance

Due to the current increased value of the dollar, prospects for finance manager professionals looking for work in Melbourne are very good at present. More and more companies are expanding and seek their expertise to help them become more profitable, not just in the short term, but also to meet their future goals. The key skills required for finance managers looking to work in Melbourne will include their ability to:

- Analyse the market and make the best decisions for the company, for example in terms of investments in new equipment and facilities.

- Plan and make available the finance needed to buy the equipment or materials required for the business to meet their expansion objectives.

- Make the best decisions for the company in terms of investing in foreign stocks and bonds.

- Use their skills to make the best operational and structuring planning and make decisions for optimal performance of the company.

- Evaluate the current market trends and using this knowledge, investigate what the future trends are likely to be and plan accordingly.

Ambition is a specialist recruitment firm for finance managers looking for work, specialising in matching a candidate's skills and interests with current job opportunities, fulfilling a companies requirements and a candidates personal ambitions. To see the latest finance manager jobs in Melbourne click here http://www.ambition.com.au/finance-jobs-in-melbourne.  ;

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