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Our costs top the world?

Posted on: February 5, 2013 by Platinum Direct

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If you feel like your money doesn’t go very far these days, part of the reason is the costs of basic items here in Australia could well be about the highest in the world. Put simply, the report says many of the basic items are not only very expensive, they rate Australia as one of the top countries for high costs. And this finding comes on top of a global real estate survey which showed house costs here top most western economies.

Anyway, a January survey by a prominent UK travel advisory service has shown the normal day-to-day items so vital to tourists are the most expensive of all
the popular tourist destinations. The survey looked at eight basic items which included the average cost of a coffee, beer, packet of cigarettes, bottled water, etc. Altogether 42 destinations around the world were surveyed.

Based on the cost of eight holiday items, including a meal out, Spain and Sri Lanka were the cheapest of 42 destinations surveyed.

Whereas the cost of those items in Spain and Sri Lanka was $55, in Australia they totaled no less than $222. Our nearest neighbour, New Zealand, was $195. Canada was $168 and China was $178.

The research also revealed those interested in having a decent three-course evening meal for two adults, including a bottle of house wine, cost as little as $A37 in Sri Lanka. But the same was as much as $187 in Seoul, South Korea, a country which has recently become as expensive as Australia.

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