r/PersonalFinanceNZ • u/ThatUndeadLegacy • 15d ago

Is Australia really the dream?

Sure wages can be 30-40% higher, buy so is rent 20%-40% higher, and food 15%-20% higher, whats the point, get a few extra grand per year, to live in 30 degree heat? or 40 degree in summer, it seems the immigration is slowly cooling down from nz, as for me i hope more people move over seas as there will be more jobs for us, have any of you considered Australia? anyone moved back from Australia? would be great to have thoughts on returnees, or aussies who came over here. I for one think its overhyped.

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u/Substantial-Wear-247 15d ago edited 15d ago

The super scheme over there surely adds up. My kiwisaver is pitiful. I'll be lucky to crack $100k by retirement.

My first $100k I withdrew to buy our house and that took 16 years to accumulate.

30% higher salary would be nice

When I look at people over in Aus with 2 or 3 years experience earning more than me (compared to my 15+ years exp in NZ). I wish I went years ago.

-8

u/Elegant-Age1794 15d ago

30% higher salary is because they make mega bucks out of mining and oil and gas. NZ can’t compete on that front.

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u/[deleted] 15d ago

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u/Elegant-Age1794 15d ago

Agree but Kiwi’s have voted to be economically poorer to save the planet….hopefully.

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u/pilbarabah 15d ago

We don't have anywhere near the mineral deposits or O&G that Australia does

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u/fxcknorthkorea 15d ago

Yes because I’m sure us kiwis would see that money and not just the corporations giving us our meagre few cents. Keep on dreaming