All good comments and input I've noticed in this thread and also an interesting flip side to an earlier thread that discussed the various rates around the country with FTF's on offer. Someone once said" be careful in making your passion your profession" some would say that if you do then you'll never work a day in your life. But knowing that you must do it each day to make a sustainable living can very much change your perspective on any job.
Every job has its highs and lows( excuse the pun) and instructing is no different. Getting to know, teaching, shaping, moulding and watching a student grow and then command an aeroplane, and then be given the authority to do so unsupervised is one of the greatest types of job satisfaction I can give and receive. There are many other less attractive, arduous and menial tasks and coupled with the environmental uncertainties,personality types, compliance and business pressures and our insecure governance at present can tend to dilute this satisfaction so it all balances out. So then your left with the remuneration and this will very much depends on every individuals needs and expectations. Most schools don't have a huge support staff to do all the non flying responsibilities so this often falls on the instructor who, as mentioned before will only get paid for their flight hours.
I know execs and managers earning high 100k plus incomes, FIFO mining workers and tradesmen also on the top side of 100k plus also. Some do 40 hrs a week some 80 plus! But I guess the national average wage is in the mid 60k mark, so if you can earn somewhere between average and the above mentioned examples, and do less than 50 hrs then you have a good job for a reasonable income, the rest comes down to job satisfaction and the time you commit to earn that wage.
The satisfaction is more often priceless but, you can't pay the bills with a smile. Love over gold, romantic not pragmatic.... All food for thought.