Average dublin docklands tenants salary.

Pac1Man

Sounds like we need another crash. Can't be having people on that kind of wage, making me feel bad about my own income.

Stheno

awec wrote: »

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.

I work in the area. The transport links are superb compared to most other locations.

However the facilities are crap close by imo

dxhound2005

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

Three quarters of them don't need to worry about deposits or mortgages. Cash buyers.

The average asking price was €531,595 and the average selling price ended around 2.3 per cent higher. While build-to-rent is taking off in the area, 47 per cent of buyers last year were owner occupiers while cash was used to buy in three quarters of the transactions. The majority of sellers were landlords leaving the market, Mr Reilly said.

italodisco

kneemos wrote: »

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.

My best mate is a plumber, I did his books for him in 2017 and he put 125k through them, you can be sure there was at least another 50k not going through them.

Franz Von Peppercorn

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.

Many would be immigrants.

listermint

italodisco wrote: »

My best mate is a plumber, I did his books for him in 2017 and he put 125k through them, you can be sure there was at least another 50k not going through them.

Why didn't he get you to do his books after and before ...

Franz Von Peppercorn

Stheno wrote: »

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

There’s a lot of suits in the IFSC area. Around GCD not so much.

Franz Von Peppercorn

awec wrote: »

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.

It’s dead enough at night but ok during the day.

listermint

kneemos wrote: »

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.

So basically what I said. They'd have to work their ballax off and weekends too.


Your making it out like they're are making handy money off over charging callouts.

Which is basically... Waffle.

And I'm qualified as neither trade

italodisco

listermint wrote: »

Why didn't he get you to do his books after and before ...

Hmmmmmmmm

Electric Sheep

Not a particularly high salary for an experienced IT developer.

Stheno

Franz Von Peppercorn wrote: »

There’s a lot of suits in the IFSC area. Around GCD not so much.

Exactly I can count on one hand how many times I've not worn jeans this past year

The Tetrarch

punisher5112 wrote: »

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.

I don't think they own hedges that could get burnt.
But I'm no finance expert.

pumpkin4life

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

Average. Not median.

The average software engineer in Facebook, Irish hired, is on about 50-60k a year, stays for two year contract, through Crystal Equation or CPL or one of those recruiting firms.

There's an "in" and "out" culture for these companies.

It isn't Irish natives being paid this money.

It's lads they brought in from abroad. Yet another reason to be skeptical of the so called economic recovery that we're having.

Shai

I can tell you that it is Irish natives being paid this money.

kneemos

listermint wrote: »

So basically what I said. They'd have to work their ballax off and weekends too.


Your making it out like they're are making handy money off over charging callouts.

Which is basically... Waffle.

And I'm qualified as neither trade

Four or five jobs is a mornings work.

Pac1Man

kneemos wrote: »

Four or five jobs is a mornings work.

It certainly isn't.

Franz Von Peppercorn

kneemos wrote: »

Four or five jobs is a mornings work.

Not unless they have a transporter. I doubt if plumbers can get 4 jobs a day done on average.

Sofiztikated

kneemos wrote: »

Four or five jobs is a mornings work.

If only.

And small jobs are a pain in the hole. Big, multiday jobs are infinitely more profitable.

colm_mcm

italodisco wrote: »

My best mate is a plumber, I did his books for him in 2017 and he put 125k through them, you can be sure there was at least another 50k not going through them.

€125 of labour for him or is that turnover including materials?

kneemos

Franz Von Peppercorn wrote: »

Not unless they have a transporter. I doubt if plumbers can get 4 jobs a day done on average.

Any time the plumber calls here for fixing a leak or whatever he's gone within forty minutes.

amcalester

amcalester wrote: »

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

This, but whisht up out of that with yourself. Corporate welfare ftw. But, yes, this being After Hours where were we: dole scroungers, Travellers and all those social welfare parasites!

kneemos

Sofiztikated wrote: »

If only.

And small jobs are a pain in the hole. Big, multiday jobs are infinitely more profitable.

Would have thought the hourly rate was much higher on the small jobs.
Call out charge plus parts and labor. Probably works out at over seventy or eighty quid per hour.

ChikiChiki

Mad money to be made in Dublin to be fair if you are involved in Fintech or IT. And they are crying out for people which is pushing wages up.

Get up skilling people for a slice of the pie!

padd b1975

The Satanist wrote: »

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

Housing Jacinta and her gang of Beyoncés in the most expensive rental properties of the city is not really a sensible use of taxpayer's money, now is it?

italodisco

italodisco wrote: »

My best mate is a plumber, I did his books for him in 2017 and he put 125k through them, you can be sure there was at least another 50k not going through them.

In my experience of tradesmen and professionals in the building industry "at least €50k" is really, really understating how much of their money is based on tax evasion/crime. You do not have to go to Greece to find a massive black economy. Keeping this reality quiet suits everybody except the PAYE taxpayers who have no choice but to step in to subsidise the state for these lost taxes from the self-employed.

Sofiztikated

kneemos wrote: »

Would have thought the hourly rate was much higher on the small jobs.
Call out charge plus parts and labor. Probably works out at over seventy or eighty quid per hour.

Big multi day jobs, travelling to 1 site, being able to charge for every last thing, and a fair guarantee you'll get paid within 30 days vs a heap of travelling between jobs, working til all hours to try and fit in enough jobs, people not being home, a job runs over time and the rest of the week you're getting grief,and chasing payment from a bunch of different people, who all want to get stuff knocked off the bill.

That'll be option 1 please.

OU812

If they're contractors, assuming 220 work days a year, that's only €530(+/-) a day. most of the contract people in my place are on between €550 & €850 a day.

Lowest paid is €360 a day & the highest is €925, occasionally we'll bring in people for three or six months on up to €2,000 a day.

Considering they pay their own taxes *not very many with a decent accountant) & get zero benefits, it's only ok.

Obvious Desperate Breakfasts

I lived in a kip in the Docklands during the depth of the recession. The rent on our two bed was €975 per month. I cannot even imagine what the rent is now.

And honestly, it wasn’t the nicest place to live. Sure, it’s convenient for all the people working for companies there. But it was pretty sterile and dead at night. The amenities weren’t fantastic either. And, like our place, much of the apartment stock was bogstandard to downright kippy.

jippo nolan

kneemos wrote: »

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.

With travel & traffic you’re lucky to get 3 of those jobs a day!

kneemos

jippo nolan wrote: »

With travel & traffic you’re lucky to get 3 of those jobs a day!

You could cross the country in three hours.

fatknacker

SEPT 23 1989 wrote: »

I was only thinking the other day that I would love to see what the place was like before, I can't remember it at all.

The clip is mad, there are no people around at all. Except the feral kids. No adults, anywhere. Had many moved out of the flats by then, or were they working in the docklands or what? Not even chung wans with buggies or nothing.

deandean

That sounds about right.
Average salary in Google is about €140k.

NSAman

Aint Eazy Being Cheezy wrote: »

Look up rents in NYC and then come back to me!!

New York has everything on your doorstep.

It has a functioning subway, you do not need a car in that city and can rent if ever needed.

It also has amenities in most apartments, gyms etc... not so much in Dublin.

The Docklands is absolutely over priced for what it is. The standard of apartments is ok, but for what yo are paying there is nothing on the City that is New York, either from an amenity point of view, or cultural, or dining, or entertainment, .....

Rents in New York can be outrageous, but they can also be affordable. They compare to what is on offer in Dublin in a similar way.... Docklands average is 3500-4k for a two bed... thats $4000 - $4600 that will get you something decent there.

DS86DS

The salaries are good, but in Big Tech culture it's a race to the bottom. You could have a well paid career, but one would be wise to get a cheap room to rent, and save like hell toward a deposit for your own place. Because the second that these companies get a whiff of a more favourable third world working environment, they will leave Ireland. Everybody is entitled to do what they want with their money........but if I were on that kind of salary in IT or Business in this day and age......I would be treating it like a Gold Rush......living as frugally as possible while saving heavily given the reality that thanks to corporate globalists my job could be offshored in the morning.

Anyways, those prices for Dublin Docklands are a joke. If we had some kind of area akin to Singapore or some cities on the continent that have developed similiar waterfont brownfield sites with high quality architecture, highrise and vibrant street life.....then it would be would be worth one's hard earned cash.

Dublin Docklands is a joke though. Stumpy boring buildings and desolate and lifeless streets. You'd have more fun living in Calgary or Canberra.

Beasty

TBH with the current pace of change i suspect many of those IT jobs won't exist in another decade. That's probably the case with many professions which will benefit/suffer from automation. Plumbers and the like may though be like gold dust

I'm not saying salaries will equate but there are relatively few going into manual professions buy many of those jobs will remain even.if a lot of the tasks can be automated

sbsquarepants

OU812 wrote: »

If they're contractors, assuming 220 work days a year, that's only €530(+/-) a day. most of the contract people in my place are on between €550 & €850 a day.

Lowest paid is €360 a day & the highest is €925, occasionally we'll bring in people for three or six months on up to €2,000 a day.

Considering they pay their own taxes *not very many with a decent accountant) & get zero benefits, it's only ok.

What benefits do non contractors get?

€550 to €850 a day is far from only ok, €2000 a day is nothing short of exceptional!

Even scraping by on a mere €360 a day is doing quite well, it's well over double the average salary and roughly three quarters more than the average wage.

Ush1

sbsquarepants wrote: »

What benefits do non contractors get?

Sick pay, holidays, pension contributions, subsidised training, insurance etc...

Hector Savage

Sure everyone is rich again, the boom is back

D3V!L

deandean wrote: »

That sounds about right.
Average salary in Google is about €140k.

Hahahaha where did you get that from ??

Hector Savage

Addle wrote: »

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

You're joking aren't ya ?

Nermal

sbsquarepants wrote: »

What benefits do non contractors get?

When times are bad, a job.

dotsman

dxhound2005 wrote: »

Three quarters of them don't need to worry about deposits or mortgages. Cash buyers.

The average asking price was €531,595 and the average selling price ended around 2.3 per cent higher. While build-to-rent is taking off in the area, 47 per cent of buyers last year were owner occupiers while cash was used to buy in three quarters of the transactions. The majority of sellers were landlords leaving the market, Mr Reilly said.

That's the bit that doesn't make sense to me and should have been explained by the journalist. Firstly, given the age profile, regardless of salary, how can there be so many owner occupier cash purchases. Secondly, why are landlords leaving the market? Sale prices are suppressed, and the rental yield is much higher than other parts of the country. Also, given the makeup of the tenants, there would be very few problem tenancies.

Hector Savage

Beasty wrote: »

TBH with the current pace of change i suspect many of those IT jobs won't exist in another decade. That's probably the case with many professions which will benefit/suffer from automation. Plumbers and the like may though be like gold dust

I'm not saying salaries will equate but there are relatively few going into manual professions buy many of those jobs will remain even.if a lot of the tasks can be automated

I don't think these IT jobs will be replaced by automation!
They are high level programming, project management, sys admin, highly skilled jobs that can't be automated.

PistolsAtDawn

I can't afford **** so from my selfish perspective I can't wait for the economy to hit the floor again.

CucaFace

NSAman wrote: »

New York has everything on your doorstep.

It has a functioning subway, you do not need a car in that city and can rent if ever needed.

It also has amenities in most apartments, gyms etc... not so much in Dublin.

The Docklands is absolutely over priced for what it is. The standard of apartments is ok, but for what yo are paying there is nothing on the City that is New York, either from an amenity point of view, or cultural, or dining, or entertainment, .....

Rents in New York can be outrageous, but they can also be affordable. They compare to what is on offer in Dublin in a similar way.... Docklands average is 3500-4k for a two bed... thats $4000 - $4600 that will get you something decent there.

There is no way the average rent in the docklands is that amount.

Is the northside part of the docklands being counted in this?

From what I can see on daft its around 2,500/month for a 2 bed which is double of what it really should be (and is double of what it was only 3 years ago by the way) so this 3,500/4,000 sounds miles off to me.

Franz Von Peppercorn

D3V!L wrote: »

Hahahaha where did you get that from ??

From their own statistics he said.

amcalester

dotsman wrote: »

That's the bit that doesn't make sense to me and should have been explained by the journalist. Firstly, given the age profile, regardless of salary, how can there be so many owner occupier cash purchases. Secondly, why are landlords leaving the market? Sale prices are suppressed, and the rental yield is much higher than other parts of the country. Also, given the makeup of the tenants, there would be very few problem tenancies.

Might be previous owner occupiers who were finally out of negative equity, weren't those apartments going for around €500K at the height of the boom?

Beasty

Hector Savage wrote: »

I don't think these IT jobs will be replaced by automation!
They are high level programming, project management, sys admin, highly skilled jobs that can't be automated.

These jobs can disappear more quickly than they appeared in the first place. Yes there will still be roles at very senior levels carried on by humans, but digitisation is starting to take over in a lot of areas. I think we will finds the number of opportunities in these areas will diminish, with more people chasing fewer jobs. Those in manual professions though will be in higher demand as the population has generally upskilled in recent years

Many of those roles that are not automated will be farmed out to cheaper locations. Indeed in my business that's already happening. Flexible working will mean people can work from home. The High Street is starting to show signs of wilting, and will follow what's currently happening in the UK. The work environment will be very different to today (and today is very different to what it was 15 years ago, which was itself very different to when I started working in the early 80s), and certainly not as "city-centric" as it has become recently

Franz Von Peppercorn

Beasty wrote: »

TBH with the current pace of change i suspect many of those IT jobs won't exist in another decade. That's probably the case with many professions which will benefit/suffer from automation. Plumbers and the like may though be like gold dust

I'm not saying salaries will equate but there are relatively few going into manual professions buy many of those jobs will remain even.if a lot of the tasks can be automated

It’s the software folk who will be doing the automation software.