On Sun, 17 Jan 2016 01:56:44 -0000 (UTC), Bruce >
wrote:

>On 17/1/2016 11:30 Je�us wrote:
>
>> On Sat, 16 Jan 2016 20:20:24 -0000 (UTC), Bruce >
>> wrote:
>>
>>>On 17/1/2016 03:41 jmcquown wrote:
>>>
>>>> The neighbor I used to cat-sit for has had hers on the market for the
>>>> last 5 years. (I think it's over-priced.)
>>>>
>>>> http://www.zillow.com/homedetails/44...68771890_zpid/
>>>
>>>That would cost a LOT more in Australia. More than double.
>>
>> When I see average U.S real estate prices, it never ceases to amaze me
>> how cheap they are. But look at how many properties are unoccupied
>> over there. Very different situation to here.
>>
>> That said, and allowing for the conversion rate, a house like that in
>> Tasmania would sell for around that same price. But certainly NOT on
>> the mainland. In Sydney it'd be around 3-4 times that price. My
>> grandmother's very humble 3 bdr bungalow in Sydney is now worth close
>> to $850000.
>
>From my experience, I could not have bought that property for 225,000
>in Tasmania. Or for 300,000 or probably 400,000

Maybe not in Hobart or surrounding areas, or inner Launceston. But in
many other areas I think you'll find that price is about right these
days. Especially in the north east or north west of the state.

>But Sydney is another story altogether, I agree.
>
>I'm glad we want to live in the countryside. Properties are so much
>cheaper, yet bigger, there.

For sure.