03-08-2011, 02:35 AM
(This post was last modified: 03-08-2011, 02:35 AM by BullionBaron.)
[quote name='Onthemove' timestamp='1289488243' post='30948']
Is it a lot more expensive??
[/quote]
One thing that's very expensive are the house prices. Melbourne (all of Australia is in fact) is in the middle of a huge real estate bubble.
The Economist, Demographia, Jeremy Grantham, Steve Keen and many others have calculated that Australian house prices are overvalued by up to 60% and that a crash is due.
See below for some more details.....
[url="http://australianpropertyforum.com/blog/main/3572869"]Australia Real Estate Bubble[/url]
Also inflation is running very high in Australia so the prices for everyday good is becoming a lot more expensive.
Australia is no longer the cheap destination it used to be!
BB.
Is it a lot more expensive??
[/quote]
One thing that's very expensive are the house prices. Melbourne (all of Australia is in fact) is in the middle of a huge real estate bubble.
The Economist, Demographia, Jeremy Grantham, Steve Keen and many others have calculated that Australian house prices are overvalued by up to 60% and that a crash is due.
See below for some more details.....
[url="http://australianpropertyforum.com/blog/main/3572869"]Australia Real Estate Bubble[/url]
Also inflation is running very high in Australia so the prices for everyday good is becoming a lot more expensive.
Australia is no longer the cheap destination it used to be!
BB.