|
Hi Clare, the house prices still look good to me although Australia is said to have by far the most over-valued houses in the Western world, with prices 52 per cent higher than justified by rental values, compared with 33% in the UK and 8% in NZ (so it says here!). The price of housing relative to incomes is 50 per cent higher in Australia than in similar countries. Wages are much lower than in the UK and taxes are some of the highest in the world.
Despite this!!! house prices still seem attractive as it seems we’ll get more for our money than in the UK. Average house prices don’t tell you much, Sydney average is £230 and could get you a large, four-bed house two bath in many areas although in the city & eastern and northern suburbs it’ll get you a 1 bed house with a small back-yard. According to the 'Cost Of Living Calculator' if you earn £30,000 in the UK you’ll only need to earn £22,000 in Oz to have the same disposable income? As to where would be a good city to start, Adelaide is said to have the most affordable housing in Oz.. but then again Burnley is said to have the most affordable housing in England!! Mmm.
|