Category Archive: Cost of Living

Nov 20 2017

Average Wages in Australia. May 2017

Average Full Time Adult Wages in Australia in May 2017

The Australian Bureau of Statistics’ Average Weekly Earnings survey shows the Full-time adult average total earnings in May 2017 at $83,636.80 per year.

The report shows the Average Full Time Wages for Male and Female as:

Male average full time wage at $89,741.60. This is a rise from $62,800.40 in May 2007. An increase of 43% in 10 years.
Female average full time wage at $73,086.00. This is a rise from $50,575.20 in May 2007. An increase of 45% in 10 years.

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Nov 15 2017

The Real Cost of Water Rate rises in Lockey Valley, in 2017

The Real Cost of Water Rate rises in Lockey Valley, in 2017.

The Council part of the price of Water in Locker Valley has almost doubled, from 27 cents per kL to 48.2 cents per kL. (A rise of 85.38%)

But in real terms, a usage of 22kL in the quarter would mean a rise of 2.44%, the total bill rising from $262.17 to $268.57.
And a usage of 35kL in the quarter would mean a rise of 3.88%, the total bill would rise from $301.27 to $311.46.

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Nov 15 2017

Average Daily Residential Water Consumption in Queensland

South East Queensland Average daily residential water consumption was 159 Litres per person in September 2015
South East Queensland has reduced its average water consumption by almost 16% in the period between 2012 and Sept 2015, but some area have done much Better, and Worse.
The Scenic Rim area has been best with a reduction from 190 litres per person to just 101, although both those numbers look out of the normal range.

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Nov 10 2017

Poverty Level in Australia

What is the Poverty Level in Australia

In 2016, 2.99 million people in Australia (13.3% of the population), were living below the poverty level, after taking account of their housing costs.

To be considered ‘below the poverty level’, their incomes must be less than:

$895.22 per week: Couple with 2 children. ($46,551 per year)

Oct 20 2017

Income Test for Newstart Allowance

Income Test for The Newstart Allowance Income Test Rates

The Australian New Start Allowance, a welfare benefit for the unemployed, has its own Income Test which is different to the Income Test for Aged Pensions.

You are allowed to earn up to $104 per fortnight without any deductions, but any earnings over $104 per fortnight will incur a deduction of 50 cents in each dollar.

However, if you earn over $254 in the fortnight, you have a slightly higher amount deducted from the excess above $254. This deduction is 60 cents for each dollar earned over $254.
eg:

Oct 20 2017

Newstart Allowance Rates July 2017

Australian Newstart Allowance Rates
Newstart Allowance is a benefit for the Unemployed, and is paid fortnightly.
The rates are:

Sep 22 2017

Public Social Housing Income and Asset Limits in Victoria

Social housing is for people on low incomes who need housing, especially those who have recently experienced homelessness, family violence or have other special needs. It might be provided by the Government or by Community housing providers.

Asset limits for Social Housing in Victoria

Total assets to register Interest in Social Housing must not exceed $31,520
Priority Access for housing might be applied for by those with assets not exceeding $5,253

Weekly Household Income limits for Social Housing in Victoria

$   978 Single person
$1,498 Couple, no dependants
$2,019 Family (one or two parents) with dependent children

Sep 14 2017

Medicare Levy Reduction or Exemption

Australian Low Income Earners can Qualify for a Medicare Levy Reduction or Exemption

If your taxable income is equal to or less than; $21,655 you do not have to pay the Medicare levy.
If you are a senior or pensioner, then that threshold becomes $34,244.

If your taxable income is between $21,655 and $27,068 ($34,244 and $42,805 for seniors and pensioners) then you may be entitled to a Medicare Levy Reduction.
Your Medicare Levy will be calculated at 10% of the difference between your taxable Income and the lower limit (eg: $21,655 or $34,244)

Example Rates..

Sep 07 2017

Water Costs when Renting in Sydney, NSW

How Much Does a Tenant Pay For Water in Sydney, NSW

A landlord can only ask a tenant to pay for water charges if certain conditions are met by the property.

An example of a Water Bill, as an Owner:

$262 Total Charge
$ 81 Fixed Charge Water Access
$115 Fixed Charge Sewerage Access
$ 66 Water usage

Based on that Bill, a tenant could only be charged the $66 for the water usage.

Aug 02 2017

Medicare Levy

Australian Medicare Levy

The Medicare Levy is a charge levied on almost all Australian taxpayers to help fund the Australian Medicare system.

The charge is currently 2.0% of taxable income.

There are exemptions to this rebate based on low incomes etc.

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