are australian properties overpriced?, page-29

Hi UT

You certainly should compare apples with apples but that does not alter the fact that it takes the same amount of materials and time to build in Australia as it does in ?? wherever.
The labour cost may be different but this should only represent about a quarter of the total cost, so add that component and you get an equivalent cost comparison.So divide the price into 4, multiply one of those quarters by 150 and add it back in and you have an Australian price?

I have posted two properties from the net can you tell me how they differ from an Australian equivalent please and explain the price difference
Link to artical


in-izvorul-mures-marosfo-harghita-county-romania

furnished large house plus a smaller traditional house in a very good condition
- fully equipped kitchen
- 2 living rooms, 5 bedrooms, 3 bathrooms, kitchen, garage, central heating
- 1,700 sqm land, over 60m street front
- electricity, possibility for other utilities
- suitable for a holiday home, B&B, etc.

Asking price: €185,000

Link to artical

Semidetached villa of approx. 120mq with garden of approx. 200mq, garage with large cellar and extra room. The house is composed of: large living room, kitchen, bathroom and partly covered terrace on the ground floor and three bedrooms, balcony and bathroom on the first floor.

Euro: 320.000