Skip to content Skip to main navigation

Community

Buying or selling? Get the right advice

Canberra’s fat cats getting fatter

By johnboy 21 May 2010 26

The Canberra Times brings word that new Bureau of Statistics data shows the average Canberra wage has shot further forward to more than $75,000 a year.

This is particularly impressive for a Territory generally lacking in the super-wealthy that drags the average up in most of the States.

At the heart of it increases in public service pay are far outstripping the private sector.

What’s Your opinion?


Please login to post your comments, or connect with
26 Responses to
Canberra’s fat cats getting fatter
Filter
Showing only Website comments
Order
Newest to Oldest
Oldest to Newst
georgesgenitals 6:23 am 24 May 10

JC said :

I think a 12sq, 10 year old home in Dunlop (worth $450,000) is entry level! I cannot immagine what a 3 bed worth $350k or less would be.

There are also one bedroom units that can be bought for around $150k. This is what entry level is all about. A 10 year old home is not, to my mind, entry level.

The point I want to make, though, is that people seem to think our parents (yes, I’m at the tail end of Gen X), were able to buy a nice 3-4 bedroom home when they felt like it, and that’s not the case. They were better savers than us, lived much more simply than us, were willing to wait lonegr and sacrifice more. They didn’t expect to have a rock-star lifestyle. They bought if and when they could, and a generation later those then outer suburban homes are now very desirable.

I’m not saying we need to copy what they did, but there’s definitely some wisdom there.

JC 6:13 pm 23 May 10

Mr_Shab said :

Why all the wailing and gnashing of teeth about wages in Canberra? It’s a very white-collar city. There is a much higher proportion of salary-and-wage earners who have limited scope to hide their earnings. There are far fewer low-paid semi-skilled industrial jobs. There are far fewer independant contractors and small businesses (who can hide the money they earn far more easily). Essentially, we don’t have a big top end or bottom end.

We’re a (at times painfully) prolaterian city. This is what socialism looks like, people.

Well said Mr_Shab, the point you made about hiding income was exactly what I was getting at in my first post. I always find it funny when you read the income stats for Sydney and you see suburbs such as those in the east and the north shore and they are always well below the national average. Yet still live in mult milion dollar houses and drive luxury cars. Certainly makes you wonder.

About the only tax minimisation things most Canberra pubes has access to is salary sacrifice of a car or maybe an investment property.

Mr_Shab 8:23 am 23 May 10

Why all the wailing and gnashing of teeth about wages in Canberra? It’s a very white-collar city. There is a much higher proportion of salary-and-wage earners who have limited scope to hide their earnings. There are far fewer low-paid semi-skilled industrial jobs. There are far fewer independant contractors and small businesses (who can hide the money they earn far more easily). Essentially, we don’t have a big top end or bottom end.

We’re a (at times painfully) prolaterian city. This is what socialism looks like, people.

JC 4:42 am 23 May 10

I think a 12sq, 10 year old home in Dunlop (worth $450,000) is entry level! I cannot immagine what a 3 bed worth $350k or less would be.

georgesgenitals 11:58 pm 22 May 10

Houses are definitely more expensive than they used to be, for sure. However, other costs are cheaper. Cars, electronics and whitegoods, for example. We also have a lot more ‘stuff’ than ever before.

I disagree that 4-500k is entry level, though – allhomes lists three 3 bedroom homes at $350k or less. As far as family homes go, that’s more the entry level.

Dr Strange 8:52 pm 22 May 10

Given efficiency dividends, budget pressures, etc and the general anti-public service rhetoric from the current group in charge (a huge change from the previous administration?) there’s not much in the kitty for public service wage rises in most agencies. If the answer is in the public sector then look to the vast numbers of contractors and ‘consultants’ in some agencies with growing numbers in the SES band.

Related Articles

CBR Tweets

Sign up to our newsletter

Top
Copyright © 2018 Riot ACT Holdings Pty Ltd. All rights reserved.
the-riotact.com | aboutregional.com.au | b2bmagazine.com.au | thisiscanberra.com

Search across the site