Each year we see headlines listing Australia as one of the least affordable housing markets in the world.
BY CATHERINE CASHMORE
The reports are based on the Annual Demographia International Housing Affordability Survey. The survey covers 325 ‘markets’ in Australia, Canada, Hong Kong, Ireland, New Zealand, the United Kingdom and the United States of America. The latest report condemns Sydney as the second least affordable market behind Hong Kong. Melbourne doesn’t fare much better, coming in at number 321.