Here’s a list of common items you will probably purchase
- Bread $1.00
- 1 Litre of Milk $1
- Dozen Eggs $2.50
- Instant Noodles $0.50
- BBQ Chicken $13
- 1kg of rice $2.50
- Haircut: Male $10 to $30
- Haircut: Female $20.00 to $100
- Movie Ticket $15
- Restaurant/Cafe meal $8 to $25
- Weekly Train Pass $25 to $41 depending on distance
- Taxi 5 minute ride could cost over $5!
- Newspapers $2
Economy and Taxes
Australia’s economy is one of the strongest in the world
During the GFC Australia is one of the few countries that did not go into a
recession
Australian Salaries and wages are of the highest in the world
Taxation System has two folds:
GST: This is a 10% goods and services tax on non-essential items and services.
Personal Income Tax: To work in Australia you must set up a TFN. During the
year, you employer is required to hold back a certain amount of your salary for
the Australian Taxation Office. At the end of the financial year you must lodge
your tax return in which you may be required to pay further tax, or in most
cases be paid back a certain amount of tax. We will help you with getting set
and ready, as well as your tax lodgements.