$120k is not unrealistic, although in another sense it is completely unrealistic!
The mining industry here has distorted the crap out of the rest of the engineering industry, which is withering on the vine. Once it disappears entirely, we will all be digging holes for a living and Australia will appear what it really is - a resource economy no different to Saudi Arabia or Venezuela.
By the time Krudd has finished with it, it'll look more like the latter than the former!