Quote:
Originally Posted by Blue Tyson
Half as much as where? Maybe of New York, certainly wouldn't be half of lots of the USA.
Plus you could buy multiple houses in a lot of places for the cost of a reasonable Sydney dwelling.
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When I purchased my first house, the mortgage amount was 3 times the average wage. In Perth at current it is 9 times the average wage.
With mortgages and rents now taking close to 2/3 the household income, little wonder there is a growing amount of anger over retailers ripping off customers.
The Aussie dollar has been at parity with the USD for the better part of a year now, so the cost of importing goods has lessened. But prices have not decreased appreciably for most items.