Originally posted by Shakyamunison
Here the market is really depressed. Here you could get a really nice house for that much.
In Australia for the last 3-4 years it has drop in the property market, but, it has signs of growth. As, interest rates have dropped by about 4-5% and there is a new Federal Government. Australia has higher wages/salaries then Americans for the last 40 years...no sh*t!
Average income earner in Australia is about $900.00 a week. Maybe even more? As I don't have the figures on hand.