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Cost of Living, Australia vs. Philippines: Why Australians Live in the Philippines

There are lots of Australians living here now. Some of you may wonder why. I am British born and migrated to Australia in 1971.I lived there for 31 years. I lost my first wife in 1999.I remarried to a Filipino and have two beautiful children (my first born in Aus.) I decided that although Aus was a great country how was I going to live after retirement?

I decided to move to the Phils which I did in 2002.

Experts estimate that to retire comfortably in Australia you would need at least $800,000 Aus.That is almost 29 million pesos!!

If you have 200,000 Aus you can live like a king here in the Philippines. A modest house will cost you 2 million pesos (Less than 56,000 Aus dollars)and if you are like me you will receive your pension at age 65 from UK government.

I went back to Australia in 2005.Boy 'o boy did I see a big change!! Gasoline prices had increased by 50% in just 3 years. Yes, true in the Philippines. But in the Philippines, no need to travel such long distances.

This year 1 in every 5 homebuyers will lose their house to the bank as they cannot maintain the repayments. The economy is in a mess, not unlike the US now in 2008.

So all I can say is Philippines is a good place to live.Yes it has problems the same as any other country but overall offers me a great lifestyle and a future for my family.

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