So it would seem that the oil and gas industry is the place to be here in Australia
A recent survey undertaken by recruitment company Hays found that the Australian oil and gas workers earn $163,600 a year on average, 35% more than employees in the U.S. and almost double the global average.
That compares with $93,400 in the U.K., according to the study which ranks the UK in 11th place, behind the USA in 6th and the Netherlands in 4th. The survey analysed pay for engineers, geoscientists and related jobs.
Now I think it’s fair to say that this salary represents a serious amount of coin however moving to Australia doesn’t necessarily mean that all jobs are so well paid.
The ‘mining boom’ has, in some instances driven costs up. This basically means that if you’re not one of the lucky ones in the oil and gas or mining industries, then you might start to feel a bit of a pinch!
Low income earners in Perth for example are battling harder to find homes to rent. The median price of a rental property in Perth has jumped 16 per cent to $520 per week, up from $450 per week in 2012. Researcher Anglicare’s Rental Affordability Snapshot released today, shows that only five per cent of Perth’s rental market is affordable for people on the minimum wage. Couples on the minimum wage with children can only afford 2.6 per cent of rental properties, down from 7.8 per cent last year.
All important things to keep in mind when deciding on where to settle in Australia.