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At my level (post-MBA), UK salaries are lower than AUS salaries, but I’m not sure if that holds with 1.5 YOE. That number seems to be in the ballpark, but I would cross-check with the Australian Financial Review.
Having worked in London, WLB here is the same as there IMO. Note: I had left consulting by the time I moved to London and Australia, so my experience might not be like-for-like. I definitely have emails in my inbox in the morning sent by my MBB consultants at 10 pm at night.
I do not know of any Australian companies currently sponsoring at the moment. Sponsorship definitely has not recovered to the level it was pre-pandemic, so it’s become a merry-go-round of talent already in Australia.
The standard employer-sponsored visa is the TSS 482. I would check the occupational requirements (https://immi.homeaffairs.gov.au/visas/working-in-australia/skill-occupation-list) since you might need more than 1.5 YOE to be eligible for employer sponsorship. (Tech occupations start with ICT.)
With your age and passport, you could consider a working holiday visa just to get on the ground with the right to work. However, there is a 6-month employer limit with a working holiday visa since it was designed for backpackers, so you might want to talk to potential employers while you are in the UK to see if getting on the ground is worth it.
Compensation would be 10-15% higher - I've heard of people fresh out of uni on your salary, and I'm 1.5 yoe on AUD 95-100k base. The job market is running hot. But the rental/housing market is also running hot so I would imagine your material standard of living wouldn't improve by that much.
I'd imagine WLB is about similar, with some firms being better at it than others. From what I hear, Big4 are the worst - they pay the lowest and work you to the bone - but my and my friends' experience with boutiques are decent salaries and a 40hr work week, so try a boutique?
Not sure about sponsorship, but the news says that the independent skilled work (189) visa is really easy to get right now, with people being approved on 65 points. It's a points based permanent residency visa, and the key threshold is 'skills assessment' (work experience in professions in the skills shortages list). For you that's likely 3 YOE as a tech consultant, but only 1 YOE if you have a highly relevant degree as defined by the assessment authority (usually VETASSESS).
Advice: Australian work culture is quite informal - it's not just that everyone would cringe if you say 'sir' to anyone, but also you might expect some stuff to fly here that would be called subtle harassment in other places. Australians are friendly but you may feel like that friendliness is shallow and distant. But that's not because Australians are faking it - it's because Aussies rarely move states and so they are overwhelmingly adults who work in the same city where they went to high school, so they already have a lot of close friends and you may find it hard to break into those circles.
Salary would be similar but I imagine cost of living would be lower here in Australia 🇦🇺