TRAVEL TIPS: HOW EXPENSIVE AUSTRALIA?
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In many ways, Australia is one of the most expensive places on the planet.
The Economist Intelligence Unit global survey of SUI cost of living that compares 131 cities using New York as its base, is ranked Sydney as the fifth and Melbourne as the sixth most expensive at the scene of Earth that's more expensive than Tokyo, Geneva and Copenhagen Brisbane Perth is tied for 21 place.
Thank you to the Australian dollar fell, we fell in the rankings, cost of living a bit this year, but our nation is still very expensive.
According to the latest data Numbeo a global database on living conditions, the cost of renting in Australia is 26 per cent higher than New Zealand and 36 percent more than the United States and Americans can stock their cabinets for 21 percent less, and the seven Kiwis percent less than it costs here.
In its submission to the Senate Inquiry Committee on Housing Affordability, Saul Eslake, chief economist at Bank of America Merrill Lynch Australia, blamed government policies such as negative gearing to inflate the price of residential property while failing to promote the construction of new houses This, in turn, forced the first home buyers aspiring button.
Mr Eslake told the New Daily that the highly urbanized population of Australia has contributed more.
Nearly two-thirds of us choose to live in cities of over one million people the highest proportion of population in the developed world after Hong Kong and Singapore for which we pay a premium, he said.
Our concentration on the coast and our preference for relatively large homes on large blocks of land still contributing factors, he added.
Australians pay more than their fair share of technology and entertainment online due to geo-blocking, a policy that limits our access to content based on geographic location In other words, big companies make us pay more because they can.
Tom Godfrey, head of media at the group consumer choice said t his frustrating reality means that we often pay the heavy product margins and downloadable content companies such as Apple, Microsoft and Amazon.
Australian consumers pay an average of 52 percent more for iTunes music, 50 percent more for PC games, 41 percent more for hardware and 34 percent more for software over consumers the USA, according to a study of choice.
Fortunately, geoblocks can be circumvented third delivery services as company based in Bendigo Price US allow you to buy American products direct local virtual private networks Virtual private networks prices can also be used to open Netflix, HBO and U.S. iTunes accounts, which are usually blocked in Australia.
Australians also pay a high price for beauty.
We splashed a premium for major brands of cosmetics, for example, the cost of ultimate Revlon Lipstick Sweden Colourstay 25 95 David Jones, whereas Wal-Mart in the US the price is as low as July 89 excluding sales tax United States, according to a recent report CHOICE.
For men, cologne Acqua Di Gio Giorgio popular Essenza 75ml costs 125 at Myer, but only 53 to 68 Nordstrom in the US out sales tax, CHOICE found.
When you read those numbers, you might be forgiven for thinking that local retailers rip us off.
But part of the reason that Australians pay higher prices on retail goods sold can be explained by our distance from the rest of the world, Mr Eslake said.
Transportation costs and the need to store larger quantities of products in case they run, are all factors that increase the price of cosmetics, colognes and many other products manufactured abroad.
The relatively high hourly rates paid to Australian workers is another reason why we pay higher prices than elsewhere.
International data shows our labor costs increased at a faster pace than in comparable countries plus Norway, Mr Eslake said these higher wages and more generous penalties, help explain why restaurant meals are much higher than in other countries, he added.
In other words, our waiters and waitresses are paid more than in other regions.
Nic Moulis, general manager of the convenience and Australasia ACAPMA Petroleum Marketers Association, said gas prices are relatively low in Australia the fourth lowest in the developed world after Canada, the United States and Mexico.
But that is little consolation for motorists who pay more for their fuel.
M. Moulis said government taxes were partly responsible, with 36 percent of the average price of gasoline in the last two years, consisting of GST and fuel tax Another 52 percent was made up of the cost of the essence itself.
The owner of the service station is 2 cents per liter for the sale of gasoline as the government makes 51 cents, he said.
Finally, we are a population that is spread over a very large area, often with large tracts of land in between.
The widely dispersed nature of the population means that we must spend more on transportation and on stocks of a similar population on a smaller land mass would have to, Mr Eslake said.
With all this in mind, it doesn t look like our prices will fall in the near future.
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