Good and cheap,relatively speaking

My friend in Sydney bought this Australian made Holden 1.6 for S$16,000. It was a demo car,6 month old and clocked 1,000 km. A brand new one cost S$19,000. It was sold at a discount of $3,000. In Singapore, a similar Japanese car would have cost $120,000 which includes a coe of about $60,000. Ridiculous is the word. Cars,houses and apartments are so costly here that one have to work a life time to pay for these 2 necessities.