AM/FM sets dont get used much out here any more as they can be hit and miss. On my old sets it was common to be able to pick someone up in Queensland but not a block away. Most people use UHF radios for short range communication and HF radios for long range. UHF radios are cheap and a decent package can be picked up for around $400 (less 2nd hand). HF radios are expensive ranging up to $5000. A good second hand unit will still set you back at least $1500. Me I was lucky I got my HF and autotune antenna for nothing.
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