Psychiatrists working in Australia can expect to earn the following for locum and permanent roles: Psychiatry Registrars and CMOs: between $85,000 to $250,000 per year Staff Specialist Psychiatrists in permanent roles: can earn a salary between $250,000 to $500,000 per year, depending on location Psychiatrists in private practice: earn a salary up to $800,000 per annum Locum Consultant Psychiatrists: pay rates between $2,000 to $2,500 per day plus accommodation and travel, depending on location