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I think it would even out once rent and everything else is taken into consideration. If you use eating out (even take away) as an indicator, Australia is among the most expensive places in the world (if not, the most expensive). Just like a lot of other things really. I think it's because people...

My husband and I were discussing NY apartment prices just recently too. It is actually cheaper to buy an apartment in Manhattan than in many parts of Canberra (and Melbourne and other Australian cities). As for the comments saying it's not a house, it's only an apartment. Why would you even...