Hmm, interesting. It seems like things are a little bit more complex over there than here, though, with subsidies given to married couples buying their first home and different tiers for PR/Citizens and everybody else.

For example, my Googling seems to suggest that you could buy a 4BR in a new neighbourhood for under 350k. A new estate in Melbourne would be double that, with no public transport or other amenities.

> For example, my Googling seems to suggest that you could buy a 4BR in a new neighbourhood for under 350k. A new estate in Melbourne would be double that, with no public transport or other amenities.

It's worth noting that Singapore's average household income is around 1/5th that of Australia.

>It's worth noting that Singapore's average household income is around 1/5th that of Australia.

A quick Google shows an average household income of $116k AUD for Aussies, and $114k SGD for (resident) Singaporeans. Current exchange rates peg 1 SGD to 0.997 AUD.

Yikes, I'm struggling to see how I got Singapore's income numbers so wrong. I think maybe I misstook the monthly income for the annual? In any case, you're quite right. My previous point was invalid. Unless I'm missing something, I was incorrect about the relative prices of housing in Singapore and Australia.

Maybe you were reading a stat for foreign (non-resident) workers? They have a bit of a weird caste-esque system where foreign workers from Burma/Indonedia/Phillipines get paid a pittance.

nice followup :)