Australia the fifth cheapest place to buy an iPad 2

According to the latest report, Australia has been chosen as the fifth-cheapest iPad prices in the world i.e behind the US, Canada, Mexico and Switzerland.

According to CommSec chief economist Craig James,

“While Australia is one of the cheapest places to buy a base model iPad 2, it’s important to note that the local price is still equivalent to around US$50-60 higher than the US purchase price,”

Australian iPad prices are much better than those in Hungary and Denmark, where value added tax of 25% pushes prices to $US755.91 and $702.75 respectively, while 16GB WiFi model costs $US599.32 in Australia.