Buying my first watch but...

[JOS2012]

Cars much cheaper than Malaysia..
I would be able to afford a entry level Porsche with the price I paid for my Audi in KL.
Wines are dirt cheap in Oz... in KL we pay AUD 20-30 a bottle for a non medal winning Penfolds or a French, S.African, S.American, N.American equivalent wine.
Beer is dirt cheap in Oz.. a pint in KL is equivalent to AUD 6 using a neutral Heineken

Agree on houses but if you earn dollar for dollar without converting its almost the same..
A decent 1,200-1,300 sq ft condo in KL costs between 500,000 to 800,000 depending on location.

Watches... ermm that I have no idea..

Food is cheap though in Malaysia.. IF you don't go to hotels and high end restaurants.

But dun forget that my wife has an offer to do the same job in Oz for abt 1.6 times the yearly salary, dollar to dollar no conversion...just imagine if a AUD to RM conversion is put in d equation

But then your income tax is 40% vs our 26% but at least your 40% goes back to you in terms of benefits without govt wastage and its shared equal to all..

That's before we even talk abt cost of education between Oz and here..

Your fellow forummer was unfortunately 100% correct.  Australia is now one of the most expensive countries in the world, whatever you're buying.

No shortage of good stuff here - watches, wines, cars, houses, whatever you want we can get it for you - but be prepared to bend over and take it like a man!

hi,
I haven't visited Oz since 2000 but been there like 9 times between 1990-2000.

At that time I found the prices of timepieces in Oz really high...I mean new pieces.
Is the situation there now different and how abt pricing of pre-owned?
A forummer here once posted a pic of a pre-owned shop that was 'holy shit'....well stocked with top shelf stuff. I forgot who or was it Gigi....but he commented that the prices were also on the high side when compared with those published on sites like WUS, Timezone, etc..

As far i know ad's in KL and in Australia are still selling daytona at premium. Keep telling me its rare and shits 

Not sure about KL, but highly unlikely that is the case here in Australia.  Even in WA, retail has died in the arse.  One of the Rolex ADs in Perth has recently downsized by half.  If any retailer tried to charge me a premium for anything over here I would first laugh my arse off in their face and then go shop elsewhere.

[panlex]

Every where is the same as long the governments keep printing money like there's no tomorrow. Prices of things will definitely go up. People of Malaysia are feeling the heat now, more so in 2014.

Your fellow forummer was unfortunately 100% correct.  Australia is now one of the most expensive countries in the world, whatever you're buying.

No shortage of good stuff here - watches, wines, cars, houses, whatever you want we can get it for you - but be prepared to bend over and take it like a man!

hi,
I haven't visited Oz since 2000 but been there like 9 times between 1990-2000.

At that time I found the prices of timepieces in Oz really high...I mean new pieces.
Is the situation there now different and how abt pricing of pre-owned?
A forummer here once posted a pic of a pre-owned shop that was 'holy shit'....well stocked with top shelf stuff. I forgot who or was it Gigi....but he commented that the prices were also on the high side when compared with those published on sites like WUS, Timezone, etc..

As far i know ad's in KL and in Australia are still selling daytona at premium. Keep telling me its rare and shits 

Not sure about KL, but highly unlikely that is the case here in Australia.  Even in WA, retail has died in the arse.  One of the Rolex ADs in Perth has recently downsized by half.  If any retailer tried to charge me a premium for anything over here I would first laugh my arse off in their face and then go shop elsewhere.

[G.MAC]

Surprisingly I got extremely good prices for my purchases in Australia whilst I was there for the whole of 2012 and the beginning of 2013. The thing with Australia is this, things in the AD are very expensive. I go to the grey dealers and have good repertoires with them for the best bargains. At times it is not so much the price but the rarity of the piece as well. Also I noticed there is a trend. Anything AUD9000 and below is expensive e.g:- a 16610 goes for RM17,000 used. However, anything AUD20,000 and above is cheap i.e:- Brand new AP Panda on bracelet going for the equivalent of RM46,000. And never go vintage. Vintage watch prices in Australia is crazy. Just my experience.

[JOS2012]

So its only feasible to buy watches costing equivalent of RM 60K and above like AP ROO, PP, VC and AHCIs etc?

[Gigi]

As far i know ad's in KL and in Australia are still selling daytona at premium. Keep telling me its rare and shits 

Not sure about KL, but highly unlikely that is the case here in Australia.  Even in WA, retail has died in the arse.  One of the Rolex ADs in Perth has recently downsized by half.  If any retailer tried to charge me a premium for anything over here I would first laugh my arse off in their face and then go shop elsewhere.

The only rolex ad in Brisbane it seems to do quite well before i left there. Maybe perhaps mainland Chinese are feeding the shop. I not sure about how it was doing it now. Watches of Switzerland have closed down their shop on July and require unfinished business to deal with melbourne store. Somewhat Hour glass opened new branch there in Brissie. THey are doing particularly well in Panerai as it most asian consumers buys from them as they had more stuff than ad in KL.

Vintage watch market are bigger in Aussie in my opinion, that being said the price for mint vintage watch are not cheap when compared elsewhere. For sure they stand by their stuff they and will try their best to help you if shit happends. If wanna sell of vintage watch better trade in back at the shop where you bought from.

If you manage to gain good deal, gst claim will make whole thing sweeter.

[Gigi]

So its only feasible to buy watches costing equivalent of RM 60K and above like AP ROO, PP, VC and AHCIs etc?

That is if you bought from grey dealer or used watch dealer. AD's at time will have better deal than those of ad's in KL. Gotta study before you pull trigger.

Cars much cheaper than Malaysia..
I would be able to afford a entry level Porsche with the price I paid for my Audi in KL.
Wines are dirt cheap in Oz... in KL we pay AUD 20-30 a bottle for a non medal winning Penfolds or a French, S.African, S.American, N.American equivalent wine.
Beer is dirt cheap in Oz.. a pint in KL is equivalent to AUD 6 using a neutral Heineken

Car are seriously damn cheap especially used cars. 5k AUD can get you some good reliable but slightly old toyota's. But the insurance and petrol are the deal breaker. Petrol price are adjusted daily and weekend are usually the most expensive. Diff petrol station at diff place had diff price.

Alcohol is cheap if you buy and drink it at home. Its pain in the butt if you try to drink at pubs. Not to mention the amount of drunken ppl around the street on weekend 

[JOS2012]

Aware abt the insurance, petrol thingy….
Raw materials in Oz is cheap but labour costs is the killer.

Each time I was in Oz over the 9 times or so I visited, I usually stayed a week to 10 days..so I've driven around, gone pub hopping, etc

So its only feasible to buy watches costing equivalent of RM 60K and above like AP ROO, PP, VC and AHCIs etc?

That is if you bought from grey dealer or used watch dealer. AD's at time will have better deal than those of ad's in KL. Gotta study before you pull trigger.

Cars much cheaper than Malaysia..
I would be able to afford a entry level Porsche with the price I paid for my Audi in KL.
Wines are dirt cheap in Oz... in KL we pay AUD 20-30 a bottle for a non medal winning Penfolds or a French, S.African, S.American, N.American equivalent wine.
Beer is dirt cheap in Oz.. a pint in KL is equivalent to AUD 6 using a neutral Heineken

Car are seriously damn cheap especially used cars. 5k AUD can get you some good reliable but slightly old toyota's. But the insurance and petrol are the deal breaker. Petrol price are adjusted daily and weekend are usually the most expensive. Diff petrol station at diff place had diff price.

Alcohol is cheap if you buy and drink it at home. Its pain in the butt if you try to drink at pubs. Not to mention the amount of drunken ppl around the street on weekend 

[jason_recliner]

It's interesting that you guys seem to think living is quite affordable here.

Imported cars are obviously extremely expensive in Malaysia, but compared to, say, the USA or UK, cars here are expensive.  Wine, too.  But it's not like anybody is forcing you to buy an imported car or drink wine.

You gotta eat.  The cheapest meal here, if you eat out, would be AU$8.  Wanna beer with that?  AU$10.

You need a roof over your head, too.  It's too expensive to live in Sydney, so you move to Perth or Adelaide.  AU$500,000+, thanks, for a basic house on a tiny block 30 minutes from a State capital!  Oh yeah,  that is after you find a 20% deposit and pay 6% interest on your loan.  Plus, maybe another 10-20% of the value of the house in taxes and duties.

Which, as you pointed out, is after the government has taxed your income at 30-40%!

Fuel?  AU$1.50 / L

Electricity and water? AU$2-400 / month

Interesting comments about the expensive watches here.  I don't shop in the AUD$20k range, so I wouldn't know, but a US$300 Seiko retails for AU$600-700 here.  Seriously.  A B01 Navitimer on bracelet is something like AU$11k, at least $2k more than other markets.

Not having a whinge, I love this place.  But most other countries seem more affordable.

[kenji1903]

It's interesting that you guys seem to think living is quite affordable here.

Imported cars are obviously extremely expensive in Malaysia, but compared to, say, the USA or UK, cars here are expensive.  Wine, too.  But it's not like anybody is forcing you to buy an imported car or drink wine.

You gotta eat.  The cheapest meal here, if you eat out, would be AU$8.  Wanna beer with that?  AU$10.

You need a roof over your head, too.  It's too expensive to live in Sydney, so you move to Perth or Adelaide.  AU$500,000+, thanks, for a basic house on a tiny block 30 minutes from a State capital!  Oh yeah,  that is after you find a 20% deposit and pay 6% interest on your loan.  Plus, maybe another 10-20% of the value of the house in taxes and duties.

Which, as you pointed out, is after the government has taxed your income at 30-40%!

Fuel?  AU$1.50 / L

Electricity and water? AU$2-400 / month

Interesting comments about the expensive watches here.  I don't shop in the AUD$20k range, so I wouldn't know, but a US$300 Seiko retails for AU$600-700 here.  Seriously.  A B01 Navitimer on bracelet is something like AU$11k, at least $2k more than other markets.

Not having a whinge, I love this place.  But most other countries seem more affordable.

my bro in Brisbane just bought a 30 year old landed 600+sm land size single storey bungalow for less than AUD490k... he's paying 20% down because he doesn't want to fork out an additional AUD9k insurance...
if in KL, not even KL, don't think one will be able to get that kind of land size even if you put RM1Mil
and his interest rate is less than 5% which is surprising because it was 6% when i checked last year
anyway, haven't got the full details of his purchase yet since he just got his loan approved last weekend... hope to know more on what the up front costs are...

i was in Aussie for studies a decade ago and yes... AUD8 is not cheap and surprisingly when you mentioned AUD8, seems like it didn't go up much or at all over the years... the chicken rice i had in a Melbourne foodcourt was AUD7...
yesterday i had a medium sized wanton mee for RM6 in a hawker centre in SS15 Subang, that's not cheap too

tax wise, its not exactly that high unless you are you income is high:
http://www.ato.gov.au/Individuals/Income-and-deductions/How-much-income-tax-you-pay/Individual-income-tax-rates/
most important is i'm more willing to pay tax (if i'm in Aussie) since the tax is used properly and not short changed like in Malaysia...

no idea about watches but i've been reading this watch thread in the Whirlpool forum and them Aussies are how expensive watches are in Australia

[jason_recliner]

my bro in Brisbane just bought a 30 year old landed 600+sm land size single storey bungalow for less than AUD490k... he's paying 20% down because he doesn't want to fork out an additional AUD9k insurance...
if in KL, not even KL, don't think one will be able to get that kind of land size even if you put RM1Mil
and his interest rate is less than 5% which is surprising because it was 6% when i checked last year
anyway, haven't got the full details of his purchase yet since he just got his loan approved last weekend... hope to know more on what the up front costs are...

i was in Aussie for studies a decade ago and yes... AUD8 is not cheap and surprisingly when you mentioned AUD8, seems like it didn't go up much or at all over the years... the chicken rice i had in a Melbourne foodcourt was AUD7...
yesterday i had a medium sized wanton mee for RM6 in a hawker centre in SS15 Subang, that's not cheap too

tax wise, its not exactly that high unless you are you income is high:
http://www.ato.gov.au/Individuals/Income-and-deductions/How-much-income-tax-you-pay/Individual-income-tax-rates/
most important is i'm more willing to pay tax (if i'm in Aussie) since the tax is used properly and not short changed like in Malaysia...

no idea about watches but i've been reading this watch thread in the Whirlpool forum and them Aussies are how expensive watches are in Australia

First up, congratulations to your brother.  Home ownership is a huge achievement in this country - one that is becoming increasingly unlikely for an increasing number for Australians, unfortunately.  The price of that house will depend largely on how close it is to the CBD, which you didn't mention.  You can't compare it to KL, because KL is the national capital (well, there's Putra Jaya, but you know what I mean) - you would need to compare Sydney prices with KL prices.  Brisbane prices could be compared to a place like Malacca, Georgetown, or Pt Dickson maybe.  Regardless, RM1,000,000 is only AUD$330,000, so only a small fraction of the price of an outer surburban Brisbane house, let alone an inner suburban Sydney house.

AU$8 would be the realistic ABSOLUTE cheapest price to eat out.  Maybe McDonalds, or a rice/noodles at a food court.  AU$10-12 is a more typical budget price.

RM6 is not bad for wanton mee, is it?  That is like AU$2.  I think we eat cheaper than that at PJ, but I cannot really remember.  Last time in KL I did feel that, in the city proper, food and drink prices have risen quite a bit.

OK, so I have been ignoring PPP, but that can be subjective and hard to quantify, with so many variables.  What can be quantified is that when you convert prices in every country to US$, Australia is mighty pricey. 

But you get what you pay for 

ps - any Aussie would laugh their arse off at the comments that our taxes are spent wisely!!!

 

[kenji1903]

well, Sydney's always been expensive... i still remembered i asked a friend about a pigeon hole somewhere along Paramatta 2-3 years back... it was already around AUD500k...

Can't be converting like that since we are earning and spending in out own respective countries... AUD2 wonton mee to you is forever dirt cheap while an RM30 McD to me definitely out of reach

somehow... most people think the grass is greener on the other side
good to have some Aussie locals sharing their life experiences there... lots of consideration before taking the big leap...
i missed my uni days there, not sure if my missus will have the same feeling

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All collection watch are really impressive and nice look. and All watch are advance feature for alarm . 

Thanks for providing information.