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Australia is very first world but everything is unaffordable so I suppose it's really a wash. It's also ridiculously hot in the summer and there's a heavy drinking culture which I dont like because I don't drink. I guess it varies a bit depending on which area you live in as well, like most countries. It's hard to meet new people because were densely populated in particular in the area i live.
Also, you saying 11:30pm was past your bedtime gave me a laugh. I stay up way too late.