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The average Australian’s mortgage runs at about $347,500. Just in case you were wondering – here’s what that amount buys you in other parts of the world:
Tuscany, Italy: $A337,435 buys you a fully – restored five bedroom villa, complete with terrace and cellar, terracotta floors, and vaulted ceilings – 45 minutes drive from the nearest ski resort.
Sevres, outside Paris: a mere $A277,391 gets you a three bedroom restored 18th century farmhouse with its own lake,private wooded parkland, granite features and wood-burning stoves.
Nelson, New Zealand: less than $A396,000 could see you owning a four-bedroom home overlooking the Tasman sea right above your three car garage, in the heart of Kiwi wine country.
Jimbaran Bay, Bali: a fully-furnished three story villa could be yours (for 25 years, at least, under lease conditions) for $A348,000. This includes views of Jimbaran Bay, a 50m green natural stone pool,gazebo, tropical gardens, home theatre – and a spare room for the maid.
Tokyo: in case you were starting to feel sorry for yourself, the same amount buys you a paltry 32.25 square metre apartment in Shibuya – Ku, Tokyo, built in 1974 – not including annual maintenance fees.
And, for the record, $347,500 also buys you approximately:
34 first class flights to London on Christmas Eve;
1 1/4 bottles of the world’s most expensive champagne (Shipwrecked 1907 Heidsiek);
Article Sourced from Your Investment Property Magazine 2012