Coming from a third world country, where things are dirt cheap, checking price tags in Australia can be quite shocking (not the good kind of shock you get when you look at Indonesian prices). At first the prices look cheap, but once you convert it to peso… ay caramba!
That is why they say that when you travel, you shouldn’t convert prices anymore, else you won’t buy anything. However, I do believe that it’s still important to convert — mainly to check if the same product sold in your own country is sold cheaper as compared to where you currently are.
The cost of traveling in Australia is definitely not cheap. Excluding airfare, you can expect to be shelling out around between AU$50-80 (US$40-70) a day, and that’s already being cheap (4-6 person hostel dorm room, 3 cheap meals a day, full day’s transport, maybe a little extra for beer or admission tickets). Also, if you want to visit the top tourist attractions, you would have to spend a couple more bucks for admission (AU$10 upwards). Some attractions are also situated outside the city, and not as easily accessible by public transport, leaving you with no choice but to drive there using your rented car (or bombs, as they call it) or join a *shudder* tour group.