The great Aussie dream severely unaffordable

Original article by Ben Wilmot
The Australian – Page: 17 : 23-Jan-19

Demographia’s latest International Housing Affordability survey shows that residential property in Australia’s five largest capital cities remains expensive, relative to income. Sydney now ranks third behind Hong Kong and Vancouver among the least affordable housing markets of the 91 that were surveyed; Sydney’s median house multiple is 11.7, ahead of Melbourne with a median multiple of 9.7. Gladstone and Rockhampton are now the most affordable housing markets in Australia, with median multiples of 3.2 and 3.9 respectively.

CORPORATES
DEMOGRAPHIA

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s