France vs. Sydney Australia Property: What Will $600k to $1M Buy?

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Published : April 11th, 2015
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Category : Crisis Watch

Here's an article that came my way from reader Robert who lives in Australia.

The article compares the price of entire "castles" in various cities in France to 1-3 bedroom units in or near Sydney, Australia.

The term castle appears to be somewhat of a misnomer, but certainly the French properties are "castles" compared to the single units.

The US word would more likely be estate or mansion rather than castle.

Please consider 10 French Castles are Cheaper than Sydney Units.

Notes 

  1. I show text and images of 4 of the 10 comparisons in the article.
  2. The first image in each set is the price of the entire building in France. 
  3. The second image in each set is the price for a single unit in Australia.
  4. The prices appear to be Australian dollars, not US dollars. 
  5. The conversion rates from euros in each French listing is inaccurate


For example the first image below says €422,940 or $597,184. My calculation says AU $654,070 or $502,060 US dollars. The rest of the images are similarly wrong.

Picardie France — $597,184 (€422,940)



This picture-perfect five-bedroom mansion in Picardie near the town of Abbeville is less than 200kms from Paris. It is on more than 6000sq m of land and features a billiard room and grand cellar.

Cronulla Australia — $620,000+



Poitou France — $667,146 (€472,500)



There are nine bedrooms in this grand chateau in the Poitou Charentes region of south western France. It has 1610sq m of landscaped gardens, ceiling medallions, a rotunda dining room, a conservatory and a circular kitchen.

Campsie Australia — $689,000+



In the heart of Campsie on Sixth Ave, a three-bedroom unit in this plain Jane unit block has parking, built-in wardrobes and two balconies.

Vienne France — $732,801 (€519,000)



This elaborate chateau near Vienne has 14 bedrooms, seven reception rooms, a pool, a chapel, a kitchen garden a double-length drawing room and library all on a 1.4ha estate.

Zetland Australia — $760,000+



Picardie France — $972,833 (€689,000)



Just 138kms from Paris, this manor house in La Fere has nine bedrooms, a wine bar, disco, cinema, library and cellar inside, and out the back there is a pool, pool house, sauna, nine-hole golf course and petanque area.

Elizabeth Bay Australia — $999,000+



With a million-dollar price tag, this one-bedroom apartment, has no parking and no balcony, but the Elizabeth Bay apartment on Onslow Ave is all about location, location, location.

Mish Comments

$1,000,000 for one bedroom, no parking, and no balcony vs. a 9 bedroom manor house with a pool, pool house, sauna, nine-hole golf course and petanque area.

I had to look that up. Pétanque (French pronunciation: ​[petɑ̃k] is a form of boules where the goal is to throw hollow metal balls as close as possible to a small wooden ball called a cochonnet (literally "piglet") or jack, while standing inside a starting circle with both feet on the ground. The current form of the game originated in 1907 in La Ciotat, in Provence, France.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot

 

Data and Statistics for these countries : Australia | France | All
Gold and Silver Prices for these countries : Australia | France | All
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Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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