GP Income in Australia
Because we specialize in GPs we can add value to your search for a dream job in ways that big agencies just can’t match.
We offer placements at high quality clinics across Australia thanks to our reputation as an industry leader in the recruitment of quality GP medical professionals.
Australian GPs enjoy very high earning potentials.
For a 40 hour week with no out of hours seing 32 patients per day, you can expect earning around AU$200,000 – AU$300,000 per annum. This number can increase depending on the number of extra hours or after hours work performed. Other factors that have an impact on your wage include: area of practice, type of work undertaken, private or bulk billing, hospital work and whether you are a practice owner, employee or contractor.
In most GP positions, you work as an Independent Contractor. As a contractor you are self-employed and thus responsible for paying your own tax and superannuation.
Calculate your GP income in Australia
GP earnings in Australia are usually offered as a percentage of gross income generated. We appreciate that it can appear difficult to estimate potential income when no salary is offered. The applicable formula is:
Example: Private Billing Practice
If you were earning 60% of gross fees generated it would be worked out in the following way:
160 patients per week (32/day) x AU$60.00* per consultation x 60%** x 48 weeks = AU$276,480 gross per annum
This calculation ignores additional charges for extra services. There are a number of ways to significantly increase your earnings, including care plans, review of plans and medicals. Home visits and nursing home visits are another way of increasing earnings substantially.
Further variation in earnings depends on the amount of bulk billing a practice does. Bulk billing is the standard procedure for Concession Card Holders – the patient does not pay for the consultation, but the practice directly charges Medicare (Australia’s universal health care system). This minimum consultation charge is currently AU$35.60. Most practices have a mixed system of bulk billing and private billing.
* The average rate is presently AU$60.00.
** Percentage rates offered to GPs vary between 50% and 65%. Aster Medical will find and negotiate the best rate available for you.
Please find out more in our free ebook.
Work opportunities for your partner
In Australia, it’s not just medical doctors who enjoy great opportunities. Australia has one of the lowest unemployment rates in the world: 5.2% in March 2012.
A 2011 survey found that the average Australian salary is approximately AU$71,500 p.a. and is likely to rise due to the ongoing skills shortage and an ageing population.
Of the developed economies around the world, Australia has been amongst the least affected by the global financial crisis. The Australian economy is driven by strong growth in various industries, all in need of skilled workers.