It is an interesting and valid point you raise Monsieur Midget (that's French for Midget, I checked). Listed as the , and one of the most liveable cities in the world for many years Melbourne has priced itself accordingly. Beyond that Australia is stunningly expensive to most people from overseas, and anyone for that matter who has been overseas. Years ago if you saw a price in Pounds or US dollars an easy reckoner was to just triple it, the thing is the Aussie dollar has risen strongly against those currencies and the mentality for many has remained....that has had a sizeable effect on the economy, people found out about this thing called the internet and suddenly the fastest growing business in the country was parcel delivery and a deafening roar rose from the big retailers.So, the median house price in Melbourne is $562,000...a bottle of Jamesons whiskey is $44 and a basic 6 cylinder sedan is $40,000, the average wage is a bit over $50,000pa.
When we go to the US its like everything is 50% off.
The trade off is, despite what the recently elected government tells us, that we have some of the best economic figures in the world.............
Gonna be a while before anyone gets sheep, latex, Nick Cave and a relevant discussion about economics into this thread....as you were.