Wow! A small country town for an old weather board run down near collapsing home will still cost $150k and that won't even get you water mains. Not even a natural gas connection.
$2.7m US is $AUS3.4m that's less than house prices in the city. Malvern a suburb just outside of the city is probably 5m and Toorak looking at 15m.
I just had a look at south Melbourne, dog boxes (small apartments are $1.5m a home is looking like $8m
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