GON
$150 Site Donor 2025
Don't want to leave the Aussie BITOGers out of the real estate discussions.
Average income needed for a home in a Australian capital city
- Thread starter GON
- Start date
Is Canberra a big destination area ( I know very little about Australia). The prices are up there with Sydney. I did meet a very nice guy while I worked for a hotel that was from Carnarvon Australia. He owned an automotive body shop. He came all the way to the USA for a banjo camp.
I assume those are Aussie dollars? Which are $0.64 USD currently?
Is that US dollars or Aussie dollars, and what is the Aussie average/median income?
Google says A$89k average, A$55k median, but I'm not looking very hard. And I know next to nothing about the island. For all I know this is like looking at cost of living in NYC or Sacramento.
Google says A$89k average, A$55k median, but I'm not looking very hard. And I know next to nothing about the island. For all I know this is like looking at cost of living in NYC or Sacramento.
GON
$150 Site Donor 2025
Yes, assumption is in Aussie dollars.
Crikey!
That is lacking a lot of info but the range doesn’t really seem too far off from major cities in the U.S. when converting to our currency.
GON
$150 Site Donor 2025
I find homes worldwide are very expensive unless home is in a area with significant population decline. Italy and Japan are two countries with very high real estate, except in areas with a aging population and all the youth has moved to the cities.
Strewth!
edyvw
$50 site donor 2025
IDK. We were hiring last spring for one high position, and the person (who is American) was flown from Sydney for an interview.
He was trying to run away from exploding real estate prices in Sydney. We canceled hiring, he ended up in Wisconsin.
He was trying to run away from exploding real estate prices in Sydney. We canceled hiring, he ended up in Wisconsin.
Canberra is different from all the rest.
All the other cities listed, Sydney, Melbourne, Brisbane, Adelaide, Perth etc, are the historic capital cities of their respective States or Territories. The traditional centre of population, business, education, health care, justice etc. for their local population before Australia became an independent country in 1901.
When Australia was Federated in 1901, the two biggest cities, Sydney and Melbourne argued over which one should become the national capital. Instead of taking sides, they created Canberra as a new city half way between the two. Canberra is the nation capital, the seat of federal government and the home of many institutions like the National Art Gallery, the National Museum, etc.
Many of the people who live in Canberra, weren't born there, but moved there for government jobs and will probably move back "home" when the job is finished. This makes it an expensive city.
J
Jokester
They can shove those prices down under!
Not looking to move there in the near future but it would be a great vacation trip.
GON
$150 Site Donor 2025
That is a good point--- how many people leave/ dismiss an area because of real estate costs...
Sydney is the most expensive city in Australia. I was reading recently that the child care facilities in the wealthy Sydney suburbs can't hire any workers as the child care pay rate is too low for any of the workers to live anywhere near those suburbs.
I assume that there is ample work at the same pay rate closer to where they can afford to live. Given the size of Sydney and the distance you need to travel to find cheaper housing, I would assume over an hour away maybe two.
