Is it cheap to buy a house in your city?

The median house prices in Perth Western Australia where I live is between $400,000 Australian dollars (US$ 370,000) and$500,000 (US$463,000). The cost of housing has gone up a lot in our state. We bought our house almost 10 years ago for $187,000 and now it’s worth almost $450,000 and ours is an average 4 bedroom 2 bathroom home. It’s unbelievable! Of course mortgage interest rates have gone up considerably which makes life difficult for those of us paying off our homes!

Everyone wish to live Independenly in their own house and live a peaceful life. So this raise to the increase in the land rates worldwide. In my area the land rates have trippled compared to the last 5 years. So cant think of buying a new land to build a house as per our wish.

Oh I know, it's really expensive to buy a house or lot in China. I think they're discouraging people from buying one. But I think there's a good side to it. The country is more organized (not having houses popping up in different areas). But there are disadvantages too. I think there's no place anymore in the world where housing is cheap. The housing plans in our city is also expensive. Average people can buy them but they need to save for it and skip most of their unplanned spending. Sadly, only few could finish paying their mortgages as well.

I am living in India and my city is Chennai. I Chennai its cheap compared to your city in China. Here the cost of an house goes over 3 million Indian rupees.

i guess that if you want to buy house and lot in the city its really expensive due to its near commercial nor its within commercial place. even here in my country, normally we buy house somewhere in the province coz they are cheaper though the problem is its far from work so you must have your own car too.