Australia Markets closed

What kind of houses can $1 million buy you around the world?

You'll live quite differently in Glasgow, Sydney, and Hong Kong with $1 million. (Source: Getty)

A million-dollar property in Australia looks very different depending on where in the country you live.

But what size property can a million dollars get you around the world?

UK-based finance firm OnStride crunched the numbers and found out how much bang for your buck $1 million AUD would get you in 20 global cities, as reported in Domain.

In Sydney, $1 million gets you roughly 81.33 square metres, the size of a cosy one-bedroom apartment.

For that price tag, those who live in cities such as Berlin, Seoul, Amsterdam, Toronto, LA and New York all get more room to move than Sydneysiders do, although it’s more than San Franciscans get, at 73.29 square metres.

(Source: OnStride, Domain)

But it’s a far cry from those who live in Glasgow, who get a very comfortable 254.95 square metres to play with for $1 million AUD.

On the other end of the scale, however, $1 million dollars doesn’t get you much at all: Parisians only have 53 square metres of space, while Londoners may feel cramped in just under 51 square metres.

in Hong Kong, you’d only have 9 square metres to yourself, the size of a very small studio apartment.

(Source: OnStride, Domain)

When you compare Glasgow with Hong Kong, the same price tag gets you a property some 28 times the size of the other.

So, the next time you thought the Australian property market was expensive, spare a thought for Hong Kongers.

Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, news and tech news.

Join us for Yahoo Finance's All Markets Summit on September 26, with speakers coming from across Australia and around the world to share their knowledge and experience on the most critical issues facing Australia.