A real real estate comparison between two south Pacific islands
As the holidays approach and the shopping season heating up, nothing seems to sizzle like the real estate market in Australia. Developer Richard Butler claims there's really only 2 more real estate auction weeks left, and that the number of auctions and the sales prices remain robust. The median auction price in Sydney continues north of $1,000,000 AUD. Next, Richard created a comparison chart for buying a similar size property around Sydney, Australia and Port Vila, Vanuatu. Well, you need to live more than 50 kilometers outside Sydney to come close price wise, BTW>> Port Vila is less than 5 kilometers., and when you compare a similar lot size, housing structure, labor cost to build the home, along with the commute time--there's more than a $150,000 difference.Finally, we take a trip back to Adelaide, Australia to learn more about wine.