Shockwave,
excuse the pun, but you are right on the money with your figures. Speaking from personal experience, I can assure anybody that from a
net financial position (and only a financial position) I'm upwards of 70% better off now than working for a LCC, based in a capital city in OZ. OZ is a great place to live for sure, but to get ahead these days on an OZ aviation wage, QF excepted, is a struggle.