It’s expensive to live in Australia. Beautiful and delightful etc etc, but SO EXPENSIVE.
And it’s not just you and us and everyone you know complaining about the living costs here. A study has just confirmed that Australian housing prices are the most inflated in the world.
According to a global housing review from the Bank of International Settlement, Australia is up there with Norway, Great Britain and Sweden when it comes to buying a home.
Which is not ideal, if you’re wanting to buy in Australia right now. The good news is that even though the past 18 months have been particularly hard for potential home-buyers, there should be some relief coming.
In the meantime, let’s really demonstrate how expensive it is to live in Sydney or Melbourne or Adelaide, or really, anywhere in this sunburned country of ours.
This is what $1 million will get you in Australia.
AND
These are the kinds of mansions and castles and Parisian apartments you can get for $1 million elsewhere in the world.
Before you book a one-way ticket to Canada or France, remember how lovely it is to live here, yeah?
Are you a renter or an owner? Are you planning on moving because of property prices?
Top Comments
There should be forced acquisitions of inner city property if it is left vacant for more than 5 years and low cost housing constructed. And property developers should be compelled by legislation to build 10% of a new masterplanned community as cheap budget housing, or 10% of their annual construction projects as cheap budget housing. Without any tax breaks : let the other properties margin the difference. Negative gearing should be stamped out : no matter how the govt try and police it, invariably it gets abused by dodgy property developers, by using friends, family, some backpacker they met in the pub, their children or even their pets as purchasers on loan docs. I know cos I used to work for one on the Gold Coast and he screwed his trousers on in the morning he was so bent (did a stretch in the end for fraud).
Seriously? This is the worst comparison ive seen in a long time. It was basically comparing LA/California to Sydney. Sydney prices are astronomical especially around the inner suburbs but go 50km and further in either direction and you will find far larger and nicer houses for a more modest price tag some even better than the ones in this is poorly composed comparison. Sydney (and other capitals) have high price tags because Australians are obsessed with living close to the CBD go to regional centres or small towns and you can live quite comfortably in a larger house