Quote:
Originally Posted by Wigs
That's $2,820 AUD, but yes I've heard both Sydney and Melbourne are expensive AF.
niwell just went there recently. He can fill us in
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Both are expensive but Sydney is on another level. I'm sure there are "deals" to be had in the far Western Suburbs but anywhere central seemed outrageous based on the real estate signs I looked at (always an interesting activity on a trip!). The Eastern Suburbs in particular seem awash in investment money with most of the original single storey "cottages" been replaced with mansions. My uncle showed me apartment buildings he used to live in that were essentially flophouses in the 90s where 1 bedrooms are now $1,500+... a week. You can find cheaper but still seems a lot worse than the rental market here right now.
Melbourne seems a bit more affordable and slightly below Toronto, but also dependent on the housing typology you're looking for. There's actually a massive glut of highrise condo units (sound familiar?) in the Southbank area that are relatively cheap. A flat in an old house in a cool suburb not so much, but still, a much more affordable city. If we relocated to Aus - which is something that isn't out of the realm of possibility since my wife has dual citizenship - that would be the place.
Brisbane is also shockingly expensive and it's very hard to find a SFH for under $1M now. Traffic also on par with Toronto - seemed slightly worse than Sydney and much worse than Melbourne. Apparently public transit usage is quite low and the city is very sprawly with difficult topography. 1bdrm flats in the West End suburb (a pretty cool, central one) were about $2,500k a month.
Going out in any of the Australian cities we visited is significantly more expensive than what I'm used to in Toronto - even accounting for the no sales tax / tipping (though most high end places expect a tip now). Interestingly though good wine is pretty much on par if not slightly cheaper than here but beer, spirits and food a lot more than what I'm used to. Groceries seemed to be about the same with some items cheaper and some more expensive. There were big food shortages in grocery stores when we were in Cairns but not sure what the reason was - signs promised it would be back to normal by April!