4 ms·

I'm concerned about affordability, not the designation of the housing where people live. Even in Singapore, the rent is too damn high, at least as far as I can

I'm concerned about affordability, not the designation of the housing where people live. Even in Singapore, the rent is too damn high, at least as far as I can tell from brief googling. E.g. https://blog.moneysmart.sg/budgeting/cost-living-singapore/ https://blog.moneysmart.sg/budgeting/cost-living-singapore/

AussieWog93 5y ago
Hmm, interesting. It seems like things are a little bit more complex over there than here, though, with subsidies given to married couples buying their first home and different tiers for PR/Citizens and everybody else. For example, my Googling seems to suggest that you could buy a 4BR in a new neighbourhood for under 350k. A new estate in Melbourne would be double that, with no public transport or other amenities.
- asdfasgasdgasdg 5y ago
  > For example, my Googling seems to suggest that you could buy a 4BR in a new neighbourhood for under 350k. A new estate in Melbourne would be double that, with no public transport or other amenities. It's worth noting that Singapore's average household income is around 1/5th that of Australia.
  - AussieWog93 5y ago
    >It's worth noting that Singapore's average household income is around 1/5th that of Australia. A quick Google shows an average household income of $116k AUD for Aussies, and $114k SGD for (resident) Singaporeans. Current exchange rates peg 1 SGD to 0.997 AUD.
    - asdfasgasdgasdg 5y ago
      Yikes, I'm struggling to see how I got Singapore's income numbers so wrong. I think maybe I misstook the monthly income for the annual? In any case, you're quite right. My previous point was invalid. Unless I'm missing something, I was incorrect about the relative prices of housing in Singapore and Australia.
      - woleium 5y ago
        nice followup :)
      - AussieWog93 5y ago
        Maybe you were reading a stat for foreign (non-resident) workers? They have a bit of a weird caste-esque system where foreign workers from Burma/Indonedia/Phillipines get paid a pittance.

AussieWog93 5y ago

Hmm, interesting. It seems like things are a little bit more complex over there than here, though, with subsidies given to married couples buying their first home and different tiers for PR/Citizens and everybody else. For example, my Googling seems to suggest that you could buy a 4BR in a new neighbourhood for under 350k. A new estate in Melbourne would be double that, with no public transport or other amenities.

asdfasgasdgasdg 5y ago
> For example, my Googling seems to suggest that you could buy a 4BR in a new neighbourhood for under 350k. A new estate in Melbourne would be double that, with no public transport or other amenities. It's worth noting that Singapore's average household income is around 1/5th that of Australia.
- AussieWog93 5y ago
  >It's worth noting that Singapore's average household income is around 1/5th that of Australia. A quick Google shows an average household income of $116k AUD for Aussies, and $114k SGD for (resident) Singaporeans. Current exchange rates peg 1 SGD to 0.997 AUD.
  - asdfasgasdgasdg 5y ago
    Yikes, I'm struggling to see how I got Singapore's income numbers so wrong. I think maybe I misstook the monthly income for the annual? In any case, you're quite right. My previous point was invalid. Unless I'm missing something, I was incorrect about the relative prices of housing in Singapore and Australia.
    - woleium 5y ago
      nice followup :)
    - AussieWog93 5y ago
      Maybe you were reading a stat for foreign (non-resident) workers? They have a bit of a weird caste-esque system where foreign workers from Burma/Indonedia/Phillipines get paid a pittance.