Cost of living in Australia is ‘a lot higher’ than other countries around the world

New research suggests retirees are ditching Australia to spend their well-earned money and time overseas.
Property Agent Eric Wong says the cost of living is “a lot higher in Australia” compared to other countries around the world.
Mr Wong said “for the same dollar” people are able to get more value for their money oversees.
“The property there is a lot cheaper.”
Mr Wong joined Sky News Australia to discuss the reason Australian retirees are relocating overseas.

[@Yalbou]

Its ok, the australian government will import another 600k immigrants every year :)

[@KMAK88]

What will we do?

[@InfinityIsland2203]

600k is 2022. Albanese Labor is importing 1.2 million per year now

[@turningpointaustralia9531]

Mate 600k on the book PLUS another 600k of the books

[@dalesmith4985]

Yep Australia is doomed

[@fluffycat6489]

Pretty much and its pathetic

[@1JohnnyUTAH]

Australia needs to complain about how mainstream media in Australia only has 1 channel with Comments. Dumb Australia wonders why politicians have so much Influence.

[@helium369]

Correct

[@fluffycat6489]

Yip

[@turtle-frogs]

John, loose lips sink ships.😂 it's from the 17th century. 🤠

[@turtle-frogs]

IView abc is open for business. I was thinking bad things.😂😂🤠

[@trythis2821]

Old mate Albo and free speech don't go hand in hand.

[@spikeprotein5924]

Australia’s LNG exports are worth $72 billion a year. Australia gets nothing from it.

[@turningpointaustralia9531]

We donate the whole lot plus more to the UN, WEF, NATO, WTO & IMF

[@spikeprotein5924]

@@turningpointaustralia9531 don’t be daft.

[@davidk7672]

​@@spikeprotein5924@turningpoint has a point though. The people of Australia don't benefit at all from big business. If anything they are footing the bill for everything.

[@vdan2879]

fat cats gets it all and pay next to nil taxes.

[@easyz6654]

We should be the Saudi Arabia of the Southern Hemisphere with no need for reliance on income taxes. We need to get the true value for our natural resources instead of selling them for cents on the dollar. When we have a situation where consumers in China pay less for LNG from Australia than we do, you know something is fundamentally wrong.

[@SharonFowle]

Just back from europe. It's cheaper and the food is much better quality. It's evident we are being duped in Australia not to mention the over zealous, controlling government.

[@vernonwhite4660]

Same in Thailand food cheaper & better wuality there.

[@robstone4537]

It's because of The Rules. Australia has so many rules we have rules about the rules. You can't get up off the sofa without having to be aware of some or other government rule. This all adds cost to everything. The problem is most Aussies love The Rules and keep demanding more without stopping to think of what it is going to cost.

[@Vishypoo]

yep, nanny state to the max. the cause and solution to every problem is 'government' in australia

[@vernonwhite4660]

Thats why they call them Australian Rules😊

[@stalker4180]

rules and regulation keep the peasants in there place, social mobility is coming to an end. the communist have taken over and the free market does not exist in australia. capitalism for the middle class soon to be the poor and socialism for the rich, winners are picked through idilodical beliefs, not through merit.

[@CraigWinstanley1]

Very true - rule-bound leads to destruction of any entrepreneurial investments.

[@CarlosTiscareno]

...and for that reason,, I and my family are preparing to move out of Australia - the country is broken!

[@glarenbutclearn]

Just wondering where you guys are moving to?

[@jjsc4396]

Germany

[@CarlosTiscareno]

@@glarenbutclearn Sunny Southern California.

[@eb2505]

Has been for a while. Spoke to a Frenchman about 10 years ago who said it was cheaper to live in Nice than Australia.

[@ce244]

That's why it's called "nice", like them biscuits (sic)😂

[@vmura]

what a disaster the two party political system has created....leave this hole if you can

[@turningpointaustralia9531]

Most corrupt system ever .... Bitched subjects we have become

[@vernonwhite4660]

Have done this ,am in Thailand😊

[@LyallLush]

Ill be in the 🇵🇭 soon ❤ ​@vernonwhite4660

[@dancepro67]

Live like a king overseas

[@DoubtingThomas333]

Actually .. it only works if not* everybody is doing it. Like most things in life.

[@islandhopper100]

loving Thailand so far.

[@helium369]

In Spain, allinclusive health insurance is AUD2000 per year per person

[@thylacine1004]

Yes,and you can buy a villa for $150k AUD in Spain,and everything else is cheaper...better than living in the Aussie gutter...

[@lukei6255]

Spain has a good public system. Most don't need insurance. It is only Australia people have to pay $1000 for a 10 minute drive by ambulance 😂 and then wait for a day to be seen in the ER...

[@kyliemoronogue]

Sky needs to stop parroting this nonsense that Australia is 'the best country in the world'.

[@Quirkydope]

Nice joke

[@Whogivesashit821]

Australia 🇦🇺 is the best, if u don't like it, P O.!

[@01p45]

Theyre doing all they can to destroy it mate.

[@rhyno1740]

I do not believe there is authenticity or integrity to anything you write.

[@gouravsapra8142]

😂😂😂😂😂 joke of the century, we all will leave the country don’t worry 😅

[@carllyons4903]

Role on July, retiring Portugal, sold up, cashed up, see ya 👋 sad to see Oz turning into a shit show 🤬

[@CraigWinstanley1]

Agee - Aus is being deliberated destroyed.

[@MiemKing]

Save yourselves 🇦🇺 vote One Nation

[@Larimuss]

Only chance at this point as they are the only party enough people right vote for because at least they are against too much immigration.

[@CraigWinstanley1]

Probably the last hope. If the two main parties are not sent packing next election Aus is finished.

[@downtoearth1950]

Today I watched a Vlog from Russia and despite sanctions many af their supermarket prices when converted to A$ are cheaper than in Australia

[@lukei6255]

Because Russia is sanctioned and Australia not 😂😂😂

[@ZELJKO472]

Most of it WAY cheaper. In Russia too people are not all fighting among themselves over anything and everything.

[@michaellucas4873]

Supermarket prices in Russia are easily less than half those in Oz, but the average wage in Russia is around 35% of the Australian rate. A further point is that you do need to live in Russia to get the full benefit of those lower prices, and I really, really don't recommend that option!

[@AussieEvil88]

@@ZELJKO472 Because any civil descent in Russia will have you sent away to a labor camp in some icy tundra where the lucky ones freeze to death. As bad as Australia is sometimes with its Nanny state over reach, we aren't quite there just yet.

[@ZELJKO472]

@@AussieEvil88 By and large Russians are united, love their country, are nationalist, control immigration.....they are not all fighting among themselves over anything and everything. Australia could not get 10 people in a room United on anything

[@johnsherry5642]

WHY IS IT THAT SKY NEWS IS THE ONLY NEWS CHANNEL THAT ALLOWS COMMENTS AND WHAT CAN BE DONE ABOUT IT ??

[@Dcage13]

The rest of the channel is owned by Americans and there is censorship

[@GameboyMufti]

If you earn $100ak individually or $180K as a couple you can't have a house no matter how hard you try, each child cost around $2K a month so how can you save ? I don't purchase anything but with 2 children it is next to impossible to even dream about a house.

[@hannesRSA]

Option 1: don't move out of your parents' before buying property. Option 2: Never rent - start in a 20sqm flat if you have to. Either of these starting points will get you to a mortgaged house by at least 35.

[@thecastawaycouple]

Not just oldies. Young couples like my wife and I have had enough. In my 30’s but just built a nice home with a pool, solar and water storage for true off grid living…. With style. No mortgage, no debt, just pure freedom. Good luck getting that here for under 200k😂😂😂. Cya Aus!

[@WTF00007]

Very high individual tax and stagnant wages , and multinationals don’t pay tax

[@excusemehello5904]

I'm from Los Angeles, currently visiting Sydney. You guys are lucky to have such a beautiful, still pretty clean, safe and wealthy country. If you want to feel a bit better about your situation, come to the states :p

[@UltraPerception]

the mood here is very angry

[@KMAK88]

Fueling off of booze, cigarettes, energy drinks, lust, adult films, lack of money. Not very happy

[@trythis2821]

@@KMAK88 No he means mass immigration Albo who sold Australia out.

[@stewartkinch]

NZ says hold my beer …

[@islandhopper100]

There are a lot of people moving to Thailand from around the world. Quite the melting pot these days with people from Russia,China, EU, and United Sates all living in harmony. 100 times safer than any US city.

[@harrysmith8515]

Why cost of living in China is still much lower than the rest of the world? There is no property tax, land tax, gst. When people are tired of work or lost job in China, they can just lie flat for a few years as utilities and telecommunication/ public transport are also much cheaper. Typical Water bill per month for one family in China is 4 Euro and electricity per kWh is 7 cents Euro for peak hours and 4 cents Euro for off peak hours. One month internet wifi per family start from 1.50 Euro. One bus ride cost 25 cents Euro. Taxi ride start from 1.50 Euro.

[@OZSHnese]

All the numbers are correct. Checked. 😊 That's why all the western media try to portrait China like hell, and prevent their people from seeing the real world. Therefore the ppl of au/us/uk/… will not know how badly they are getting ripped off. 🤡

[@hannesRSA]

I think you underestimate how poverty stricken that country is.

[@Dcage13]

​@@hannesRSAYou must live under Ayers Rock. I haven't heard anyone questioning Chinese wealth in over 10 years. You should get out of the house more 😢

[@hannesRSA]

@@Dcage13 watch some live KZbin videos.. you can see it for yourself. But if you believe that poverty dropped from 25% to 0% overnight without adjusting the definition, and that none of the economic collapses in China had an impact, go ahead. I mean it must be amazing there with so many trying to illegally immigrate to the US, and for the rich to move their money abroad?

[@AUT1981.]

My 2 cents: I obtained residencies in two countries ( Thailand and UAE ) and have spent the last year living abroad. If you are retired or can work online move overseas, it will be one of the best things you ever do. Avoid legacy brand countries and moved to Asia, Eastern Europe, or Middle East. ( find the one which suits you and your lifestyle best ) Although these places are different they are not as backyard as the media and politicians would have you believe. In the process you’ll enioy better value for money, higher standard of living and maybe eliminate the need to pay TAX.

[@philipc2208]

The cost of housing is beyond in Australia. Look at Alicante 🇪🇸 you can buy a gorgeous townhouse with roof terrace for 150,000 euros and have all of Europe on your doorstep? No brainer.

[@hannesRSA]

Yep, no one wants to come to Australia instead of Europe.

[@bawselife6859]

Why exactly are we enticing oldies to stay again .. they can sell up and live in bali or malasia or whereever. cheaper care ..cheaper living ..cheaper hospital bills etc... Increase house supply for us young fellas

[@Vishypoo]

is it just me or is this like a conversation of children dressing up and pretending to be adults? they look and sound like they know what they are talking about, but both seem absolutely clueless about everything they are saying.

[@trythis2821]

The gent how to talk without moving your lips.

[@jonnyrockhard6626]

Yes lm leaving Australia aswell and lm taking all my money

[@smartuser4112]

Bla bla why do you not talk about the people sleeping in tents in parks and in their cars???

[@vdan2879]

hit the nail on the head. I can't afford to live in australia.

[@garthf9609]

It would be good to see your referencing the research report on this topic.

[@rex_8618]

the cheapest tea bags, the cheapest hot sauce, the cheapest olives and the cheapest wraps cost me $18 at coles! im confused and angry

[@petercassimatis9157]

I don't know where this giy gets his data from. The average home price in Australia is NOT $2 million. I definitely won't be retiring in Austtalia.

[@trythis2821]

Would be talking about Sydney. Must be getting close, other capitals are quickly catching up to these ludicrous house prices.

[@t-bone7988]

he was spitballing

[@helium369]

That's is the way. Get Cash out as Cash is 👑. It's too late for Australian Government to act. Bring Modular Homes and bring the prices down. World is filled with options. Another option is import another 100K Uber Drivers😂

[@annea6288]

Anyone did shopping in the centre of Europe lately? What is priced here in AUD is the priced over there in Euros. Petrol is over 2 euros a litre.

[@annavy7945]

How can these people afford to pay the foreign residency income tax rate but??? 😅😲

[@lokesh303101]

Relocation! I am a Righteous Man. Regional Australia 🇦🇺 Taxes need to be Less.

[@Hoboswaggins]

If they're going to do any kind of financial relief on owning a property, it shouldn't be for the elderly. They've had their entire lives to build wealth. We should be helping the younger generation that can't even get their foot in the door.

[@angelavolkov1126]

Every year our buying power is less and less...

[@thisthattheother7541]

Buy Bitcoin buy Gold- leave the matrix you are being robbed daily

[@0401412740]

They imported economic migrants that retire holiday overseas

[@BeRobn]

High minimum wage is a factor.

[@Chris-by8eh]

Now petrol $2.00 a litre - when OIL PER BARREL is $80 Years ago when petrol was $2.00 a liter - OIL PER BARREL was $130. THERE SCREWING US . Wait until OIL PER BARREL is $130 or higher $3.00 - $4.00 a barrel ??

[@rosehill9060]

Australia fight back

[@peterburke8650]

The fact is you can't afford to live in a home you own outright unless you're working.

[@vernonwhite4660]

Your kidding , Albo Chalmers and the team have lowered everthing Like hell they have!

[@trythis2821]

Public enemy number one Albo and his grinning side kick Chalmers.

[@mrwolsy3696]

You can't claim a pension overseas.

[@user-ko4rl8nx4z]

Chile you can depends on trade agreements

[@lillysnet9345]

Inform yourself better

[@user-gs3tq6bx2u]

If you live overseas, then you must return to Australia, live there for 2 years then apply for your old age pension, otherwise you can't get it (there are some exceptions to this)

[@proudockers5281]

Wow like we didnt no

[@alancotterell9207]

The LNP cost Australia big time !

[@tommyhawk5895]

Cost of living in Australia is ‘a lot higher’ than other countries around the world says the headline… But fail to mention the much higher taxes in other countries.

[@Vishypoo]

are you kidding? australia taxes the shit out of you

[@coopsnz1]

luxury cars , alchoal , fuel , income tax high in australia

[@felixnewman2473]

Australia is one of the most highly taxed countries in the world by far!

[@tommyhawk5895]

@@felixnewman2473 I don’t have to educate you about the Australian tax system, but you pay between 19 - 45% we in Denmark pay 42 - 60% Our cars are taxed with 200% like the gas, so stop crying.

[@user-cr9cl3oh7u]

I’ve got 10 years left. I’m thinking of retiring in the Antarctic Freeland huge supermarket fish birds all you can eat and there must be natural gas just off the coast tap into that free gas for

[@trevorwilson2966]

Australia is expensive,but most the people leaving are idiots who done nothing to prepare for retirement.

[@downtoearth1950]

John Howard started this

[@felixnewman2473]

And Rudd put the nails in the coffin.

[@user-pk9fm4zh1g]

Government need to pay disability pension oversea. People’s are suffering in Australia. If disability pension are pay oversea peoples will live in pease. Have money to pay rent and buy food. In Australia cost of living is too expensive.

[@insight11111]

I agree . This is what should be reported on . Being able to transfer your dso overseas permanently as it no longer supports one to live in Australia anymore . Dsp pensioners are barely surviving in this country and need to be able to leave .

[@Disillusioned2022]

Who is the sky news host?

[@dexterrity]

Poor old wealthy people with multiple investment properties and all the land tax they have to pay 🙄

[@UltraPerception]

lilac v nice

[@trulkor7418]

"Why are the Oldies leaving us" - ageism

[@rizqdanniel824]

Come and compare with Malaysia..RM100 is not enough to buy basic need for a week..if you cook..if you buy food like masakan panas or nasi campur it’s bearly can’t stretch for whole week..perhaps only 1 to 2 days..4 days top..taking bfast lunch evening tea dinner and supper..gone

[@jagjitsandhu1646]

Worst country to live in right now. Everything is expensive as compared to the rest of the world.

[@Dcage13]

You can always go back to India

[@CorneliusRushtie]

That country is DOOMED

[@lukei6255]

Australia needs to become an independent nation and nationalize mineral resources. The colony must end and the english royals and their puppets removed from the power.

[@user-qd8yg1fp7i]

Hear hear!

[@michaellucas4873]

Australia IS an independent nation and has been successfully and continuously mismanaging its own affairs for well over a century now without any need of overseas help!

[@lillysnet9345]

​@@michaellucas4873One day you will know

[@jimp4644]

Oh really? So you forgot there is a country call CANADA???

[@NoChannelChannel]

Down under is now also backwards,

[@laurierae8672]

Australia quickly be coming to hard expensive to live a special for older people heading into retirement

[@dodgeboy9052]

I agree I am married to a retired Chines lady ... if labour is voted in again we will seriously be thinking of China .. we have lived there on n off for fourteen yrs ..its an amazing country ..none of this western hideously ..

[@Jason_g_kennedy]

As a Expat Kiwi i call bull.

[@robobop3721]

If you have the money and time why wouldn't you? Time is running out and its good to travel while you still can. I know a few retirees... some (or their parents) are from other countries so its not just about countries that speak english. Also you can still get the pension if you leave max 2 months a time, 6 months total per year so many max out this time per year, keep an eye out for cheap flights.

[@Jimmy009-st8mm]

Good, now we don't have to listen to them whingeing about how they've worked hard their whole lives and paid taxes and now the government won't take care of them, time for the government to focus on the future and help young people

[@trythis2821]

The majority did work hard if they have property, was cheaper sure but they had to make sacrifices. Government created the housing crisis not everyday Aussies.

[@1490aap]

I'm sorry, Skynews, are you actually implying to reduce property tax for the boomers?? Oh my goodness, the core of the worsening property crisis and you want to exacerbate it! Goodness, how many properties do you all have?? Is the plus 640% property growth not enough?? Is the 49 years for students to save up for a deposit not long enough??

[@anitacohen8753]

It is the only way.......vote with your feet!

[@Dcage13]

Bye, you won't be missed

[@ChristineCircelli-go2yw]

Universal basic income now.

[@heatherstewart8452]

Health care in QLD is dismal, perhaps better in an Asian country

[@user-dh7nk6ee8h]

You sure tess

[@helium369]

Spain, best place to retire

[@shaneo3811]

evn i have been thinking of leaving Australia has gone to the dogs

[@RumperTumskin]

Exemptions for old people from taxes? Are you high? They should be the ones paying more, not less. Employees are being taxed to death to pay for retirees to receive a generous pension and free world-class medical care. The least they can do is pay land tax on their vast investment property portfolios. Come on - seriously?

[@MrADTNZ]

Thailand is a lot cheaper

[@user-ko4rl8nx4z]

I'm 50 years old Aussie Citizen brought up in Sydney been in the Arabian gulf for 12 years with liquid savings. My wife 30 years old is a foreigner applying for her Australian PR from overseas its lengthy process will lodge next month. Since I have properties back in Oz all almost all paid off...have 2 young 4 & 2 years old children ..... at the same time we are looking at Mauritius great retirement plan for 50 years old's and can have dependents on visa properties are cheap and its paradise.... they way things are going in Australia its important to have a Plan B.

[@isaacjames2586]

Phillipines is a good option to retire.

[@Dcage13]

Philippines have ugly women I prefer Thailand

[@user-gs3tq6bx2u]

Apart from BBQ whole pig hand turned over hot coals (which is by far the best pork in the world) and some seafood dishes, the cuisine is relative bleh compared to every where else in Asia. The PI has some of the most beautiful islands, beaches and rain forests....just keep away from the cities. PI cities are over crowded, hot, filthy, polluted and corrupt. The PI is rife with petty theft. There is a complete lack of intellectual stimulation (have you watched PI TV?), a dumbed down populace who all seem to survive on remittances from their mother/wife working overseas and they keep voting for the same 3 families who keep them dumb and poor. Filipinos lack drive and entrepreneurial spirit....but they do love a slogan. It's an ok place to visit, but I wouldn't want to live there full time.

[@Bozzy__96]

Leaving australia soon. This country is doomed.

[@RottenWoodInPower]

Abolish negative gearing and cgt discounts now

[@CraigWinstanley1]

English proficiency in Indonesia is poor compared to other countries in the region, such as Singapore and Thailand, which were not mentioned by Mr Wong in interview. Thailand is a top country for Aussie’s to retire in.

[@Dcage13]

Too many ladyboys hard to tell what you are getting

[@user-gs3tq6bx2u]

Thailand doesn't want old white people retiring there but they do want Chinese and Indian tourists. It's possible that Thailand will put laws and higher taxes in place to discourage retirees from the West from living full time in Thailand.

[@Dcage13]

@@user-gs3tq6bx2u China are such big spenders no one can ignored

[@roocrew86]

Poor boomers Maybe they can sell one of their 10 houses

[@Dcage13]

No I can rent it out for $1k each week

[@HODL_BTC]

All in on Bitcoin (only) since 2017. Debt free and comfortable now.

[@Dcage13]

Same

[@lucyorange6404]

I have a family income of over $250k per annum, I still feel the pinch of cost of living in Australia. I will most probably leave Australia and go to my home country India in a few years, and will take out all my investments from this exploitative country. India has a much bigger job market, nice salaries from US based Companies and less cost of living.

[@take.action2023]

You can go home now. Bye! #ungrateful

[@ann.obrien5139]

Good , go now to your underdeveloped third world county .

[@ToxicXY]

Ban feminism and ban the money printing ponzi. If woman prioritise family over career the increased population would be able to support all retired people. Retires money will hold it's value if governments werent alowed to print it and this would also reduce pressure on asset hoarding for the young generations

[@CodexIndia1]

Thanks a lot for leaving us with the mess you created boomers.

[@user-gs3tq6bx2u]

LOL......yeah, boomers are the reason Aussies under 35 years old don't own a house and have no money in the bank despite taking home $2000 per week. You probably tapped out this comment while sitting at an outdoor cafe in a trendy spot paying stupid money for brunch and a coffee while wearing the latest trendiest clothes after working out at the cool gym. Maybe you could ask boomers how they lived in the 60's and 70's....overseas holidays, eating out at restaurants, piling up credit, living beyond their means etc ..wasn't how they could afford to pay off a 3 bed weatherboard 40 klms from the CBD...they did it with saving, drinking instant coffee, cooking every meal, taking lunch to work, repairing instead of throwing away etc . Young people nowadays make it seem like it was easy in the 60's and 70's (despite the wars, credit crunches, inflation, petrol shortages, unemployment, economic downturns etc) but if you wanted to work hard, save hard then you could buy a house on the edge of suburbia and then worry about having enough money to pay that mortgage at the end of each month which is what they did....but let me guess, you are planning a trip to Europe and just got back from Bali but it's the boomers fault you can't afford to live in the trendy suburb where you're having brunch.

[@ann.obrien5139]

Rack off

[@user-gg5to8by7p]

I want to become a citizen of your country very well 🙏. Yes, I want to achieve a lot of things in my life.