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.


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