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PayLens
Australia

Engineer - mechanical salary in Australia

Median annual pay
$115,872

Engineer - mechanical in Australia earns a median of $115,872 a year, about $58.64 an hour.

Median
$115,872
per year
Hourly
$58.64
at 38 hrs/week
Mean
$123,198
pulled up by top earners
Workers
42,582
in this occupation

What that is worth in US dollars

Converted at today's rate
$80,416
2026-07-29 ECB reference rate
vs
Adjusted for local prices
$79,115
World Bank PPP, 2025

The first number is what the salary converts to if you moved the money. The second is what it actually buys in Australia. When those two disagree, the second one is the one that tells you how well someone lives on this wage.

How Australia measured this

Individual tax returns — includes part-year and part-time filers

Source: Australian Taxation Office, Taxation Statistics 2023-24, Table 15 · CC BY 4.0

What this salary borrows

On the rough serviceability multiple lenders use, someone earning $115,872 could borrow around $637,296 on their own, or about $1,274,592 on two incomes like it. That is a starting point, not an approval — your deposit, debts and the rate at the time move it a long way.

Check that against how suburb medians are modelled →

Borrowing capacity shown at 5.5× income, before deposit. Not lending advice.

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Published by

Amit Sharma

Auckland real-estate agent and marketer. Builds free, sourced data tools.