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-   -   Why Australia is Expensive? (https://britishexpats.com/forum/australia-54/why-australia-expensive-649959/)

IndieG Jan 19th 2010 2:55 pm

Re: Why Australia is Expensive?
 
Old article - still relevant.

The Flinders Institute for Housing, Urban and Regional Research analysis found home ownership fell by 15 per cent over the two decades to 2006 for low income earners over 45 years of age and medium-high income earners under 45 years.

Other findings included large gains in national income from the resources boom were "wasted" by increasing house prices and accumulating debt to unreasonable levels.

The analysis found the first home owners scheme boosted home purchases for people under 25 years of age but many lower income earners in the 25-44 age bracket were unlikely to ever own their own homes because their parents were spending their inheritances and prices remained high.

Dr Joe Flood, the institute's adjunct professor, said the "the writing is on the wall for the 'Australian dream'."

"The country that promised limitless land, cheap housing and near universal home ownership to all comers now has the most expensive housing in the world amid very tight housing and land markets and little prospect of restoring the balance," Dr Flood said in a statement on Monday.

"As long as the government, the public and the media remain in denial, and self-congratulatory rhetoric continues that Australia has cleverly avoided the housing market correction it needed to have, there is little chance that matters will improve.


http://money.ninemsn.com.au/article.aspx?id=862890

BadgeIsBack Jan 19th 2010 9:33 pm

Re: Why Australia is Expensive?
 

Originally Posted by iamthecreaturefromuranus (Post 8263945)
My mate and his wife have just returned to the UK after spending a few weeks in Oz. They were, for the most part, shocked at just how much everything cost. He earns thirty grand a year in the UK. A good solid wage, if not a spectacular amount, particularly for the North West of England. Probably a good bit higher than the average full time wage for the North West.
According to Xe at the moment that translates to $53,136 pa. Which is defo less than spectacular for Oz where I think average wage is now about $62,500.... I'm sure ABCD will be along shortly to correct me.

:)But you prove my age-old point that you can't convert.

30kGBP is a robust salary for the NW, even parts of the S outside London. AUS53k is admin work wage. Office gals can get that in Sydney when they leave school.

House prices- naturally these are a nightmare. Your only hope is to sell well in the UK.

Personally, with rapid increases this last 4 years, I'm finding Aussie cheaper and cheaper - but there you go...

BadgeIsBack Jan 19th 2010 9:35 pm

Re: Why Australia is Expensive?
 

Originally Posted by mono (Post 8264553)
The bottom line is that, in 2010, you need the same kind of finances to have a good quality of life in Australia as you would need to have a similar quality of life in the UK.

It used to be that Mr and Mrs Poor from Poorchester could come to Australia as ten pound poms and upgrade quickly, easily and dramatically.

You will probably get a slightly bigger property for your money in Australia in terms of square metres, but that's about it now. You won't be going from a tiny flat in England to a huge, self-built house on a nice big block of land as many in the past were able to do.

It's because of what people were able to do in the past that Australia has the reputation for cheapness that people still get swept up with today. But times have changed and the cost of living in Australia is now comparable to the cost of living in the UK and it really now just comes down to your need (or otherwise) for hot weather and beaches.

True - but there are other considerations other than beaches in my opinion.

BadgeIsBack Jan 19th 2010 9:38 pm

Re: Why Australia is Expensive?
 

Originally Posted by iamthecreaturefromuranus (Post 8263842)
and I fail to understand at times why some folks will now insist that it is cheaper than the UK, or even comparable.

Frankly most of them are high earners. Or they came from London. Or they are talking about particular items.

I find that our low mortgage subsidises us enormously. I didn't even work for a few weeks before Christmas and didn't even bother to check whether we had enough for the mortgage.

BadgeIsBack Jan 19th 2010 9:41 pm

Re: Why Australia is Expensive?
 

Originally Posted by mono (Post 8264152)
There is this very fixed mindset that Australia is better/cheaper and people won't accept any evidence to the contrary. I actually think the expat Brits are often worse for this than the native Aussies are, though of course by no means exclusively.

Expat Brits who are a bit dumb....again, some people seem to hang around with all sorts of bizarre Australians and fellow expats...never ceases to amaze me.

Peepster Jan 19th 2010 9:52 pm

Re: Why Australia is Expensive?
 

Originally Posted by BadgeIsBack (Post 8265450)
:)Office gals

Gals??? Dear god Badge you'll be referring to us as fillies next!!!!

BadgeIsBack Jan 19th 2010 9:57 pm

Re: Why Australia is Expensive?
 

Originally Posted by jad n rich (Post 8264037)
Anyone who has been to the UK in the past month, or visited OZ after living in the UK would have to be wearing a blindfold if they couldnt see the UK was now significantly cheaper in many ways.

The competition between shops is something the aussie consumer simply does not have. We found many items up to 3 times the price in OZ and the kids constantly found most stuff in UK more advanced as well. The choice is mindblowing, say book shops, travel, even food.

I had to shop this week in OZ for extended family, a wedding anniversary party, trawling round k mart and big w was like being in a chinese rubbish store, and d jones and myer nearly give you a flaming heart attack with the price of stuff. Walking into myer was a joke, almost identical underwear bought for 4 quid in teh UK was proudly displayed at $30 a pair. A bottle of shampoo we bought in UK for 69p identical item here is $5.99. Even when oz has offeres and specials they are crap, I mean really buy two packs of cheese and save 50c :eek: in the uk the specials were get one free.

Qantas in the UK was adverstising return fares for 600 pound, notice the same ticket/period advertised in OZ is just over $2000:rolleyes:, even vegimite was cheaper in the UK.

I'm on a roll here.....get it? I've always said Groceries are expensive, Jad. Have to be honest, I was walking around looking hard in the UK and things didn't *always* seem cheap. I think its because we don't shop like some people do if that makes sense. It's hard to explain. For one thing I have a memory like a sive.

To be honest, we allocate x amount to groceries, and we're not really bargain hunters or shoppers so we don't really care. When it comes to other goodies though, we're interested...

BTW that 2000 dollar air fare translates quite well for me. I earn almost 5 times my UK salary now....this subject matter is a very tricky one...

but I'll say for the record - groceries and other items are VERY expensive here. Dentistry? One of your favs..... Got those negatives - remember it...quote me on it....I only say it is comparable OVERALL due to other things I have mentioned before...for us...

bithbheo Jan 19th 2010 10:10 pm

Re: Why Australia is Expensive?
 
[QUOTE=ABCDiamond;8263921]QLD registration costs
4 Cylinder car
Registration fee 262.45
Traffic improvement fee 45.80

6 Cylinder car
Registration fee 415.60
Traffic improvement fee 45.80


Sorry to point it out but you have forgotten to add in the CTP on registrations which we have to pay regardless of whether we have full comp insurance or not .....Got my renewal yesterday

For 6 months
CTP $181,50
Registration fee $131.20
Traffic improvement fee $22.90
Surcharge $8.10
Total $ 343.70 or $391.75 if paid after due date

For 12 months

CTP $347.00
Reistration Fee $262.45
Traffic Impovement fee $ 45.80
Total $655.25 or 703.30 if paid after due date.

BadgeIsBack Jan 19th 2010 10:23 pm

Re: Why Australia is Expensive?
 
[QUOTE=bithbheo;8265547]

Originally Posted by ABCDiamond (Post 8263921)
QLD registration costs
4 Cylinder car
Registration fee 262.45
Traffic improvement fee 45.80

6 Cylinder car
Registration fee 415.60
Traffic improvement fee 45.80


Sorry to point it out but you have forgotten to add in the CTP on registrations which we have to pay regardless of whether we have full comp insurance or not .....Got my renewal yesterday

For 6 months
CTP $181,50
Registration fee $131.20
Traffic improvement fee $22.90
Surcharge $8.10
Total $ 343.70 or $391.75 if paid after due date

For 12 months

CTP $347.00
Reistration Fee $262.45
Traffic Impovement fee $ 45.80
Total $655.25 or 703.30 if paid after due date.

Aha - another area where Australia is very expensive. Hope you're all making notes.....I don't want to have to quote this next week....

(Insurance seems cheaper, but the taxes make up for it....)

BadgeIsBack Jan 19th 2010 10:24 pm

Re: Why Australia is Expensive?
 

Originally Posted by Peepster (Post 8265508)
Gals??? Dear god Badge you'll be referring to us as fillies next!!!!

:blink: You ride a fillie differently...to the way you ride a gal....

gmralston Jan 19th 2010 10:28 pm

Re: Why Australia is Expensive?
 

Originally Posted by ABCDiamond (Post 8262175)
How much is Devondale milk in the UK ?

We pay $1.79 for 2 litres standard milk in my area
Tesco are charging £1.18 for theirs today

It seems Tesco are a tad overpriced....

I have yet to find milk below $1 per litre, been here a month and we are still learning where to shop. We were in Manly and Birkdale (not too far from you) today and found the local IGA there a bit more expencive than our local Coles.

Someone else said that basics can be cheaper in oz, I would agree with that.

gmralston Jan 19th 2010 10:36 pm

Re: Why Australia is Expensive?
 
[QUOTE=bithbheo;8265547]

QLD registration costs
4 Cylinder car
Registration fee 262.45
Traffic improvement fee 45.80

6 Cylinder car
Registration fee 415.60
Traffic improvement fee 45.80


Sorry to point it out but you have forgotten to add in the CTP on registrations which we have to pay regardless of whether we have full comp insurance or not .....Got my renewal yesterday

For 6 months
CTP $181,50
Registration fee $131.20
Traffic improvement fee $22.90
Surcharge $8.10
Total $ 343.70 or $391.75 if paid after due date

For 12 months

CTP $347.00
Reistration Fee $262.45
Traffic Impovement fee $ 45.80
Total $655.25 or 703.30 if paid after due date.
I might be wrong but I think insurance is cheaper becuase of this, the public liability part has already been paid in the rego, I just got fully comp for a year which is about 30% less than my last renewal in the UK, Similar type of car.

mpgrewal Jan 19th 2010 10:45 pm

Re: Why Australia is Expensive?
 
What about meat? For instance, Australia is world's largest exporter of sheepmeat. Still you won't get lamb meat less than $5 kg anywhere. Shouldn't natives get the benefit of the surplus :huh:

gmralston Jan 19th 2010 11:12 pm

Re: Why Australia is Expensive?
 

Originally Posted by mpgrewal (Post 8265632)
What about meat? For instance, Australia is world's largest exporter of sheepmeat. Still you won't get lamb meat less than $5 kg anywhere. Shouldn't natives get the benefit of the surplus :huh:

Beef is cheaper for sure, don't know about lamb though as we don't like it.

aussietobe Jan 20th 2010 3:26 am

Re: Why Australia is Expensive?
 

Originally Posted by IndieG (Post 8261410)
I just had my appointment with a top neurophysician in India. Consultation, extensive tests, scans and a six month supply of medicines - all cost me the equivalent of A$ 210 :)

In Melbourne, my GP tried to refer me to a couple of neurophysicians and they were completely booked and he finally got one who could give me an appointment after 4 weeks, that was on 8/12, so I thought I was better off just waiting until my visit to India.

Not sure how how much the entire treatment would have cost me in Melbourne as the specialist's fees alone would have cost me around $240 (after medicare rebate: $120).

Thats great for you, but what about the 95 per cent of people in India who wouldnt earn that much in a year? What do they do when they need a top neurophysician? If you rang up a specialist in Oz and offered $10,000 as a private patient to fit you in this week, I reckon 99 per cent of them would say: "no worries!" Money talks, no matter what country you are in.


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