I watched one of those trashy programs earlier where a family pretends they want to move to Australia in order to get a free holiday. What struck me was the price of property, last time I watched a program like this you could get a 5 bed ranch with land for £100k and now you're looking at £300k average! I know the pound has weakened but still a shocking difference.
They interviewed a local town planner who earned $50k AUD and he let on his modest 4 bed was $500,000 with an interest only mortgage, thats 10x income... sound familiar?
They interviewed a local town planner who earned $50k AUD and he let on his modest 4 bed was $500,000 with an interest only mortgage, thats 10x income... sound familiar?
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