Comparing GP Salary rates are one of the big concerns for GPs moving from the UK to Australia. Are you worried about Exchange Rates for your salary? Let us help put it all in perspective by comparing the GP Salary in Australia and the UK.
Many GPs who are moving to Australia often do believe they will get paid a lot less than they were in the UK because of the falling Australian Dollar. However this is not true. Although the Australian Dollar may be a lot lower, the cost of living in Australia remains the same. This is, it is a lot cheaper than the UK.
UK vs Australian Dollar
When comparing GP Salary you need to consider the cost of living in each country. These costs including housing, food, transport and other expenses. For example if you are living in London and looking to rent a 1 bedroom apartment in the city Centre, you would be looking at around 1,669.46 GBP (3,482.42 AUD) per month. Whereas if you were looking for a 1 bedroom apartment in Melbourne’s city Centre, this would cost around 807.14 GBP (1,683.65 AUD). This is a massive 51% cheaper! Costs such as transport passes, Utilities, Gas are also cheaper in comparison
Comparing GP Salary in Australia
One of the main concerns our GPs have when moving from the UK to Australia is that they are going to be paid less than what they were in the UK. However many GPs find they can actually earn twice as much in Australia.
Whereas in Australia the median GP salary in our experience is about $220K. However this all depends on how your contract is set up. In Australia you will often earn a percentage of your billings. The more patients you see, the more you will earn. The average Australian salary for those working full time is around $74K. Given the cost of living those earning a GP salary have a lot more buying power.
When comparing GP Salary in UK and Australia, it is clear that a range of factors influence this however in Australia you will earn more and the cost of living is lower. Not to mention Australia’s gorgeous beaches, holiday spots and more relaxed lifestyle!