I beg to differ. The cost is higher for many reasons, including the cost of living.
An average unrennovated 2 bedroom workers terrace in an inner Melbourne suburb can cost you $700,000 plus. An unrennovated 3 bedroom house a little further out can cost you the same
http://www.realestate.com.au/propert...cote-109056851
An outer suburban 3-4 bedroom house can cost $500,000+ for a shit hole 40km plus away from the city.
http://www.realestate.com.au/propert...lloc-107449127
Paying $1 million + for a good house is not unheard of.
The average Australian wage is $1416.00 per week.
http://www.abs.gov.au/ausstats/[email protected]/mf/6302.0
Someone shooting porn would want alot more than $1416 per week, someone shooting cheesy ads for late night TV can earn $6k + per week easily.
Petrol is 136.9 cents per litre (1 litre = 0.26 US gallons)
Car registration is around $600 per year + Insurance around $300 - $700 per year.
A loaf of bread is about $4 - $5.
I could go on.