I often hear “Australian homes are one of the most expensive in the world”. Some years back I stumbled over a website that puts the lie to that particular claim. If you want to see where we sit re our house prices, check out this post from the “Big Picture” topic:-
That post introduces the website that shows a map of the world with most major cities (and some not-so-major) and their house prices. Aussie is really not doing so bad. e.g. Try buying a house in jakarta for example – with 37 times the annual salary needed to buy the average house. Or settle for Sydney instead, at 12.5 times annual. Melbourne at 7.5 times annual. Or Perth at 6 times.
Expensive? We ain’t doing so bad methinks !!
Benny
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