Generalisations on International Property

For the past five weeks I have been to Spain, Portugal, Morocco and Thailand and in each the same generalisations pop up when you talk to the locals.

1. Property is getting more expensive that young people cannot afford to buy where they want to live

2. Employment wages are not keeping up with the price of property

3. Governments are pushing higher density developments

4. Those that have property (and by that I mean more than 1) are commented on negatively by those that don't have.

5. When you compare property prices to Australian, the cost of ours is not as high as people make out when compared to the average wage. We simply have larger properties psm often with a backyard or better communal areas.

Seems that Australia generally is not that bad.

 

Awesome, I've very jealous. Well except for Morocco, how did you find it there?

 

However, the purchasing power [ eg day to day stuff like groceries, bills etc] is greater in those countries. Even if you compare other OECD counties, Australia has a low purchasing power .
Some ways to fix that include pop growth, more efficiencies, and a higher skilled workforce.