Consumer Prices in Philippines are 55.50% lower than in Australia
Consumer Prices Including Rent in Philippines are 64.80% lower than in Australia
Rent Prices in Philippines are 83.69% lower than in Australia
Restaurant Prices in Philippines are 75.35% lower than in Australia
Groceries Prices in Philippines are 53.29% lower than in Australia
Local Purchasing Power in Philippines is 71.12% lower than in Australia

Here’s the comparison:

Restaurants Australia Philippines Difference
Meal, Inexpensive Restaurant 18.00 A$
(608.53 ₱)
2.96 A$
(100.00 ₱)
-83.57 %
Meal for 2 People, Mid-range Restaurant, Three-course 80.00 A$
(2,704.59 ₱)
17.75 A$
(600.00 ₱)
-77.82 %
McMeal at McDonalds (or Equivalent Combo Meal) 10.00 A$
(338.07 ₱)
3.55 A$
(120.00 ₱)
-64.50 %
Domestic Beer (0.5 liter draught) 7.00 A$
(236.65 ₱)
1.18 A$
(40.00 ₱)
-83.10 %
Imported Beer (0.33 liter bottle) 8.00 A$
(270.46 ₱)
2.37 A$
(80.00 ₱)
-70.42 %
Cappuccino (regular) 4.08 A$
(138.09 ₱)
2.81 A$
(94.87 ₱)
-31.30 %
Coke/Pepsi (0.33 liter bottle) 3.18 A$
(107.46 ₱)
0.61 A$
(20.54 ₱)
-80.89 %
Water (0.33 liter bottle) 2.61 A$
(88.33 ₱)
0.45 A$
(15.26 ₱)
-82.72 %

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Source: http://www.numbeo.com