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
- I show text and images of 4 of the 10 comparisons in the
article.
- The first image in each set is the price of the entire
building in France.
- The second image in each set is the price for a single
unit in Australia.
- The prices appear to be Australian dollars, not US
dollars.
- 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
