Get ready to get a little dirty, because a new study from the University of Sydney has found that the cheapest and cheapest places for a birdsong are all the same.
The study, which looked at the cost of living in 14 countries, compared the cost per square meter of apartments in Australia with the cost for the same apartment in the United States.
The cost per person in each country was calculated, based on average prices for a one-bedroom apartment, the cheapest possible space, and the average cost per month for a month.
In the United Kingdom, for example, the average apartment in a two-bedroom was $947, or around $12,200 per month.
In Australia, that figure is $2,400 per month, or $23,300 per year.
The average cost for a two bedroom apartment in Canada was $1,955, or a little over $20,000 per year, or about $50,000 a year.
For the same space, the researchers calculated the cost to rent a two bathroom apartment in Australia at $1.30 per square metre, or just over $1 per month in rent.
That would mean a one bedroom apartment would cost $9,846, or almost $11,000 in rent, per year (about $50 per year).
The average cost of a three-bedroom flat in Australia is $1 for every square metre of the flat, or more than $6,000 for every year of rent.
In the United State, it would be $1 million per year or $1 trillion per year for a three bedroom apartment.
The findings are in stark contrast to the cost that Americans pay in terms of rent, which is about $1 billion per year in some cities, and about $3,000,000 on average per year per person.
“The United States and Australia have quite different housing costs, and Australia has more people living in the same place, so it is cheaper for them to live,” lead author of the study, Dr Simon Haggerty, said in a statement.
“However, if we look at a wider range of places, the United states has the cheapest housing prices and the cheapest rental costs in the world.”
The findings come as the Federal Government is looking to build affordable housing.
In October, Prime Minister Malcolm Turnbull announced $50 million in new funding to build about 10,000 affordable units in housing and public spaces across Australia.
In addition to a new $20 million to build 1,200 units of affordable housing in inner-city suburbs, the Government is also investing $100 million in regional public housing and regional housing co-operatives to increase the supply of affordable homes and services.
Dr Haggerts research is part of the University’s Future of Housing project.
It is funded by the Australian Research Council, and funded by New South Wales.