- Australia is only competitive against the Valley, but that's like saying New York super premium real estate is cheap because those penthouses go for 30m vs London's 100m. We hire globally with half the team being remote, and Aussies are the most expensive per "unit talent" of our applicants, followed by Sweden (which is tax-expensive). Americans are really cheap once you get them out of the Valley - on par with Asia despite the extra tax - because cost of living in places like LA's suburbs or Pittsburgh is low.
Really? Our applicants came from Perth, Brissy and even Tasmania as well. In fact, the Sydney ones were cheaper. But we target people with around 5-10 years experience. I would say if x is the market value of a Singaporean developer, Australia is around 3x, the US 0.8x but this is hypothetical since we have yet to hire a Singaporean into the Haskell team (the language is pretty much unknown here).
I was looking at real estate in various Australian cities. There's a 3 bedroom house 1km from Bankstown station (not as bad as it used to be but still, no Kirribilli) that went for 750k AUD 2 months ago - imagine what that would buy in most US cities! Even moving to the suburbs isn't an option anymore.
> Even moving to the suburbs isn't an option anymore.
Sure it is. Just rent instead of buying. I pay less to rent a 3 bedroom house in Melbourne's inner suburbs than I did for a 3 bedroom unit in Irvine, CA. Granted buying a house in Australia is very expensive, but Aussies will learn soon enough the folly of not heeding the lessons of the property bubbles in the US, Ireland, Spain etc...
Oh, on that I agree, but it's hard to fight with an ingrained culture of ownership ("rent is dead money!") and cheap credit, and the income/price ratios have been consistent at least since the 80s according to people who bought back then (just like house prices in the US kept going up from WWII to 2007). Australian real estate, unlike much of the US, is also very desirable to a lot of foreigners, and all the government needs to do is lift restrictions on foreign ownership to keep the market afloat a few more years. Look at how central London prices have shot up with the influx of money from as far as Moscow or Qatar...
- Australia is only competitive against the Valley, but that's like saying New York super premium real estate is cheap because those penthouses go for 30m vs London's 100m. We hire globally with half the team being remote, and Aussies are the most expensive per "unit talent" of our applicants, followed by Sweden (which is tax-expensive). Americans are really cheap once you get them out of the Valley - on par with Asia despite the extra tax - because cost of living in places like LA's suburbs or Pittsburgh is low.
- there's AWS in Sydney and Singapore now.