4 ms·
GDP, minimum wage, median net worth are all essentially meaningless. My house here in Perth is "worth" AU$700k, 4 years ago it was "worth" AU$850k. Medium hous
by ageofwant 10y ago
GDP, minimum wage, median net worth are all essentially meaningless. My house here in Perth is "worth" AU$700k, 4 years ago it was "worth" AU$850k. Medium house prices in Aus is $630k. The current US$ exchange rate is 0.75.
I pay AU$60 for a box of Little Creatures pale ale, AU$5 for a flat white, $AU12 for a nice Pat Thai. AU$1.26 for a liter of petrol.
I earn about AU$110k/year.
Real estate in Aus is, as you probably know, a real systemic risk. Australians household debt to GDP sits at 123%, at the end of an unprecedented resource boom. Something is wrong with this picture.