Quote:
Originally Posted by PBH
That would buy you a very nice house in 90% of the country, and something slightly bettter than adequate in about 95% of Canada.
I wouldn't worry about the housing side with that amount of money to spend.
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Australia's realestate has just recently been assessed as some of the most expensive in the world (inc USA, Canada, UK, NZ and Sweden). Apparently
affordability is accepted as a value not exceeding 3x average yearly income... The average Australian home is now 4-5x average yearly income, with some locations being 7x average yearly income
