Based on our latest GP
Australia GP Salary
Rather than being paid a fixed GP salary, you will earn a percentage of billings. The income you receive will very much depend on the number of patients you see but also upon the complexity of the consultations.
Surgeons sit at number 1 on the list on an average taxable income of $394,303 AUD. Followed by Anaesthetists at number 2 on $386,065 AUD, Internal Medicine Specialists at number 3 on $304,752 AUD and Psychiatrists ($235,558 AUD) and Other Medical Specialists ($222,933 AUD) at 5th and 6th.
Based on a salary survey in Australia, a full-time General Practitioner on average earns between $200,000 and $350,000 per annum. However, by working more shifts in the evenings, weekends, completing procedures and managing chronic disease patients, earnings could increase to $500,000+.
GP practices are paid on the basis of the number of patients on their list.
The data showed that the average payment per registered payment has risen by £4.04 in the past year – up from £159.61 in 2020/21. The average payment per weighted patient has also risen slightly. It was £159.61 in 2020/21 and rose to £163.68 this year.
However, according to Payscale, the average salary for a doctor with a Bachelor of Medicine, Bachelor of Surgery (MBBS) degree in Australia is AUD 110,000 per year. The starting salary for an MBBS doctor in Australia is generally lower, with a range of AUD 68,000 to $92,000 per year.
The average registered nurse salary in Australia is around $79,550 per year (about $41,00 per hour. Entry-level positions start at $76,063 per year up to $97,568 per year.
Working as a GP in Australia can be one of the greatest opportunities for some doctors. Australia offers a unique work/life balance that can be an ideal option for families and singles. Australia is one of the world's best countries to live and work.
Small but the best; Luxembourg
Surprisingly, Luxembourg is considered the most lucrative country for doctors around the world. Luxembourg is a small country in Western Europe, its population is around 632000. Luxembourg is among the top 10 countries that offer high quality of life around the world.
Becoming a GP is quite a long and involved process. You will need to complete an accredited university-level qualification, before completing an internship and further specialist training. Step 1 – Complete Year 12 with a focus on English and Maths. Biology, Chemistry and Physics might also be useful.
It's true that general practices are run as businesses. This is because, at the founding of the NHS, most GPs worked as individuals from their own homes, and it would have been very difficult to nationalise them. We still run as small businesses, but we have only one contract and that is with the NHS.
"When GPs work 'less than full time', the reality is they are often working more than the 37.5 hours a week that are generally considered full time. A GP working a three-day week in clinic will on average work 40 hours, with reams of paperwork to complete when they're not seeing patients.
GPs are paid $6.52 per minute if a short consultation lasts only six minutes, but when patients require longer consultations this can drop below $2 per minute, an RACGP analysis of the Medicare benefits schedule shows. The rebate for a consultation of less than 20 minutes is $39.10.
The average Australian would need to earn a salary of $326,900 per year to feel rich – nearly seven times the median wage, according to research released earlier this year. But one in four Aussies wouldn't consider themselves rich until they raked in a whopping $500,000.
$100,000/year is above an average salary and if you're frugal enough, on $100,000/year, you should be able to live a good life and save some money too. Usually if you consider living in desirable locations of cities like Melbourne and Sydney, most of your income will be consumed in the house rents.
The top-six lowest-paid MDs are related to the pediatric specialty. Other physicians who aren't paid as well include medical genetics doctors, family medicine doctors, and preventive medicine doctors—something residents should keep in mind when applying for programs.
What doctors make the most and least money? In their 2021 survey, Doximity found that neurosurgeons make the most money of any specialty, and pediatric infectious disease doctors make the least.
The average doctor salary in Australia is $170,625 per year or $87.50 per hour. Entry-level positions start at $122,508 per year, while most experienced workers make up to $285,532 per year.
The NHS pays pharmacists and dispensing GPs a flat rate for each drug, meaning they make money if they can buy it more cheaply from wholesalers.
One of the main reasons GP pay has increased is because GP numbers are going down. In order to earn the amounts bandied around, GPs have to work 13-hour days of intense work, do admin in their spare time and inevitably face burnout.
The European Union of General Practitioners and BMA have recommended a safe level of patient contacts per day in order for a GP to deliver safe care at not more than 25 contacts per day.