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I'm fairly sure there are also houses in Australia being built for less than $1m AUD given there are new houses being sold for less than $1m AUD with no indication those developers are making a loss.

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nice straw man, you can of course find houses below $1m when you go to regional areas where job opportunities simply do not exist. how about you just compare construction cost in Sydney with say those expensive part of the US, e.g. LA and SF?

let's don't even start on the quality of those new builds, that would be the laughing stock of the entire world.

Didn't know Perth was a regional area now, my mistake.

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