Average dublin docklands tenants salary.

Addle

€117,095

https://www.irishtimes.com/business/construction/average-salary-of-dublin-docklands-tenant-rose-to-117-095-in-2018-estate-agent-says-1.3767880?mode=amp

WTF do they do?!

Franz Von Peppercorn

Addle wrote: »

€117,095

https://www.irishtimes.com/business/construction/average-salary-of-dublin-docklands-tenant-rose-to-117-095-in-2018-estate-agent-says-1.3767880?mode=amp

WTF do they do?!

IT or finance.

punisher5112

Hedge funds snapped up thousands of units(apartments)

Shocking stuff really is.

This country is absolutely fcuked.

Giveaway

or Quangos

biko

Whatever it is they must be worth as much as 3 regular people..

irishguy

I assume they mean tenancy i.e. couple each on €58,547.5 as most of those places wouldnt be a single person on their own renting the place.

Dravokivich

biko wrote: »

Whatever it is they must be worth as much as 3 regular people..

...dam its nearly 4 of me.

Signore Fancy Pants

biko wrote: »

Whatever it is they must be worth as much as 3 regular people..

Must be a Traveller so.

Samuel T. Cogley

What do people expect really? Are we not allowed high income areas outside of South County Dublin or something?

Zardoz

Hmmm, how does an estate agent know how much someone is earning when renting?

Dravokivich

Zardoz wrote: »

Hmmm, how does an estate agent know how much someone is earning when renting?

They usually look for proof of ability to pay.

amcalester

Addle wrote: »

€117,095

https://www.irishtimes.com/business/construction/average-salary-of-dublin-docklands-tenant-rose-to-117-095-in-2018-estate-agent-says-1.3767880?mode=amp

WTF do they do?!

Pay about €40k in tax.

Addle

The headline says 'tenant'.

Maybe I'm just clueless, but I wouldn't have thought there were that many people/professions in this country on that kind of money, so it was a shock to me.
A shock that you could be on that kind of money and renting too.

punisher5112

Zardoz wrote: »

Hmmm, how does an estate agent know how much someone is earning when renting?

Not hard to work it out.

Who do you know that could afford 2,500 never mind 3,500 but the over 4k mark.

I would say with Brexit it could get even worse.

I would love a crash though where the hedge funds get burnt.

fxotoole

Giveaway wrote: »

or Quangos

Only the top level management of your average quango would be paid anywhere near that salary

punisher5112

Addle wrote: »

The headline says 'tenant'.

Maybe I'm just clueless, but I wouldn't have thought there were that many people/professions in this country on that kind of money, so it was a shock to me.
A shock that you could be on that kind of money and renting too.

Banks, Google, Facebook, apple and many many more where they are on big money.

Lots of these would be single occupancy too.

Some are snapped up by the company themselves and put staff up in alao.

fxotoole

It wouldn’t be too unusual for a couple who are in middle management to earn 60k each. The combined household income would be 120k. I haven’t read the whole article, is this 117k before or after tax?

Because 117k BEFORE tax is not that shocking.

FluffyTowel

Article wrote:

Kennedy Wilson’s Capital Docks scheme. Renters can expect to pay €3,300 for a two-bedroom apartment.

I'm a renter who would like to pay €3,300 for a two-bedroom apartment. Lazy, lazy journalism.

listermint

I'm confused what should we be outraged about.?

Two middle management people sharing an apartment in Dublin?


Arggghhh outrage.... Outrage. Arggghhh...



Have I got this right ?

Two guards with overtime and in the force for 15 years would be on the same

Addle

The headline says tenant. Implies one persons income to me. The article doesn't expand.

And who is outraged?

c montgomery

punisher5112 wrote: »

Hedge funds snapped up thousands of units(apartments)

Shocking stuff really is.

This country is absolutely fcuked.

How does this show the country is ****ed? People on high salary paying high taxes.

Stheno

The average salary in Facebook dublin including bonuses for employees is 154k

https://www.google.com/amp/s/www.irishtimes.com/business/technology/facebook-ireland-staff-coin-it-as-average-pay-reaches-154-000-1.3714642?mode=amp

The Satanist

But what about the homeless, and the hospital waiting lists?!?!?!? It's a fukkin disc race.

Addle

Addle wrote: »

A shock that you could be on that kind of money and renting too.

Well, renting may well just be a choice. Maybe they don't want to stay in that area forever
Don't see why it would be a shock

Stheno

Addle wrote: »

The headline says 'tenant'.

Maybe I'm just clueless, but I wouldn't have thought there were that many people/professions in this country on that kind of money, so it was a shock to me.
A shock that you could be on that kind of money and renting too.

Ex pats on temp contacts for a year or two who transfer and get tax breaks

fullstop

Stheno wrote: »

The average salary in Facebook dublin including bonuses for employees is 154k

https://www.google.com/amp/s/www.irishtimes.com/business/technology/facebook-ireland-staff-coin-it-as-average-pay-reaches-154-000-1.3714642%3fmode=amp

Including the top 1 or 2 who probably take in a couple of million a year, which massively skews the average figure.

Aint Eazy Being Cheezy

FluffyTowel wrote: »

I'm a renter who would like to pay €3,300 for a two-bedroom apartment. Lazy, lazy journalism.

So, €1,650 a month each, bit more than €400 a week. It’s still affordable. It would fcukin sicken me to pay it, but assuming I could give up the car and walk to work, I could pay it and still afford to live. Look up rents in NYC and then come back to me!!

fxotoole

Addle wrote: »

The headline says tenant. Implies one persons income to me. The article doesn't expand.

And who is outraged?

Even still. Tech companies, finance, IT, are booming and paying big money for people who have very particular sets of skills. So it isn’t that hard to believe a single private sector person being paid this much. You’re coming across as very naive.

Stheno

Addle wrote: »

€117,095

https://www.irishtimes.com/business/construction/average-salary-of-dublin-docklands-tenant-rose-to-117-095-in-2018-estate-agent-says-1.3767880?mode=amp

WTF do they do?!

IT, Finance, tax and Treasury

The tax savings for being based there are worth far more to the companies at a corporate level

Addle

fxotoole wrote: »

Even still. Tech companies, finance, IT, are booming and paying big money for people who have very particular sets of skills. So it isn’t that hard to believe a single private sector person being paid this much. You’re coming across as very naive.

Well I'm a public sector employee so that kind of money is alien to me!

amcalester

The real crime is that the REITs who own those apartments aren’t paying much tax on their income.

fxotoole

Addle wrote: »

Well I'm a public sector employee so that kind of money is alien to me!

I’m a civil servant and it’s not alien to me

Addle

fxotoole wrote: »

I’m a civil servant and it’s not alien to me

Congratulations.

Trigger Happy

I am not getting the outrage either.
I work in the ifsc a few days a week and plenty of people I work with also live there. They earn good money and are happy to live close to work in the city centre for a few years until they settle down. There are a few who live down the country and rent one of those one beds to stay in 4 nights a work week.

Beasty

Stheno wrote: »

IT, Finance, tax and Treasury

The tax savings for being based there are worth far more to the companies at a corporate level

There are no longer any tax breaks for companies in the docks. That was done away with in the early noughties, when the EU were threatening a State Aid challenge. More importantly for Ireland though was it forced them to reduce the general corporation tax rate to 12.5%

There's certainly nothing "magic" about the docklands any more, other than high prices. We decided we would have our own HQ in north Dublin, with ease of access to the airport and relatively cheap accommodation

fxotoole

Just to clarify, I don’t actually earn that kind of money. But I acknowledge that there are those out there on that kind of money in the private sector

Att vara en hest

People making this money are usually people with very specialized skills that are sought after, these are not your average retail staff or customer support agent. If you're somewhat specialized in IT companies will pay what you ask because if they don't, someone else will.

KungPao

I wipe my ass with €117,095.

Stheno

Addle wrote: »

Well I'm a public sector employee so that kind of money is alien to me!

I've a friend applying to one of the companies in that area. They are early 30s

Currently based abroad on 140k with benefits and a bonus of 20 percent each year based on p performance. If they get the job here they expect a pay rise and will get relocation assistance including three months paid accommodation.

Its very common.

The irony is that if you work in the area most everyone wears jeans as dress codes are casual or non existent so not what you'd expect

jippo nolan

KungPao wrote: »

I wipe my ass with €117,095.

Would you wipe mine as well?

Stheno

Beasty wrote: »

There are no longer any tax breaks for companies in the docks. That was done away with in the early noughties, when the EU were threatening a State Aid challenge. More importantly for Ireland though was it forced them to reduce the general corporation tax rate to 12.5%

There's certainly nothing "magic" about the docklands any more, other than high prices. We decided we would have our own HQ in north Dublin, with ease of access to the airport and relatively cheap accommodation

I wasnt specifically talking about the old situation rather the generous tax savings in moving to Ireland to be honest

For some reason the Docklands appears to be one of the locations du jour

SEPT 23 1989

kneemos

Att vara en hest wrote: »

People making this money are usually people with very specialized skills that are sought after, these are not your average retail staff or customer support agent. If you're somewhat specialized in IT companies will pay what you ask because if they don't, someone else will.

Any reasonably busy plumber or electrician would probably make those kind of figures I'd imagine.
They have their official income and the little cash in hand jobs however so it's hard to know how much they actually make.

Given the shortage of talent at the moment a lot of the trades are no doubt bathing on cash.

Stheno

Addle wrote: »

The headline says 'tenant'.

Maybe I'm just clueless, but I wouldn't have thought there were that many people/professions in this country on that kind of money, so it was a shock to me.
A shock that you could be on that kind of money and renting too.

Oh and another point something like less than 10% of paye earners pay over 90% of total paye in this country

Beasty

Stheno wrote: »

I wasnt specifically talking about the old situation rather the generous tax savings in moving to Ireland to be honest

For some reason the Docklands appears to be one of the locations du jour

Modern buildings, and a bit of a "hub" created around there

We looked at something around there when we set up in Ireland, and if you are looking to recruit the "up and coming" city dwellers it's a bit of a breath of fresh air compared to some other locations

On the topic of affordability though, the article suggests these flats are going for over €500k. Someone earning 120k could get a mortgage of what? Maybe €300k to €350k. That's still a hell of a deposit to fund for a first time buyer. Equally those who do rent in say their 20s are probably thinking of moving on when they start a family, so could base themselves there for a few years while saving up for a deposit for something in the commuter belt with a bit of a garden

listermint

kneemos wrote: »

Any reasonably busy plumber or electrician would probably make those kind of figures I'd imagine.
They have their official income and the little cash in hand jobs however so it's hard to know how much they actually make.

Given the shortage of talent at the moment a lot of the trades are no doubt bathing on cash.

Well.... That's a bit of a stretch. You'd have to be working your ballax off and all sorts of weekend callouts to pull that money in. Or else multi jobs with lads under you.

Most good plumbers or electricians are not pulling in that sort of money.

Stheno

Beasty wrote: »

Modern buildings, and a bit of a "hub" created around there

We looked at something around there when we set up in Ireland, and if you are looking to recruit the "up and coming" city dwellers it's a bit of a breath of fresh air compared to some other locations

On the topic of affordability though, the article suggests these flats are going for over €500k. Someone earning 120k could get a mortgage of what? Maybe €300k to €350k. That's still a hell of a deposit to fund for a first time buyer. Equally those who do rent in say their 20s are probably thinking of moving on when they start a family, so could base themselves there for a few years while saving up for a deposit for something in the commuter belt with a bit of a garden

It's a weird area and seems to have services primarily to support the offices e.g. the pharmacy opens at 8 am during the week but is closed Sunday's.

LOTS of services are a trek away too and the local roads are narrow and constantly congested

Give me NCD any day

kneemos

listermint wrote: »

Well.... That's a bit of a stretch. You'd have to be working your ballax off and all sorts of weekend callouts to pull that money in. Or else multi jobs with lads under you.

Most good plumbers or electricians are not pulling in that sort of money.

Call out a plumber and it's a hundred quid at least for any kind of little job.
Four or five of those per day and they're in that bracket.

For Forks Sake

Zardoz wrote: »

Hmmm, how does an estate agent know how much someone is earning when renting?

They turn them upside down and see what falls out of their pockets.

Stheno

For Forks Sake wrote: »

They turn them upside down and see what falls out of their pockets.

They might not use cash?

awec

Stheno wrote: »

It's a weird area and seems to have services primarily to support the offices e.g. the pharmacy opens at 8 am during the week but is closed Sunday's.

LOTS of services are a trek away too and the local roads are narrow and constantly congested

Give me NCD any day

It's right beside the LUAS (and green line just round the corner too), you wouldn't even need a car if you lived and worked there. Commute cost is probably close to zero. Living right in the city centre, it's like a young professionals' dream.