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How does Australia’s dire property affordability compare to rest of the world?

Australia's capital cities are among the least affordable on the planet for home buyers, but how does the national property market stack up against the rest of the world?

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How does Australia's property market measure up against the likes of the United States, Singapore, Hong Kong, United Kingdom or New Zealand? (Image source: Shutterstock.com)

It may come as cold comfort to those locked out of Australia’s appallingly unaffordable housing market, but the likes of Sydney and Melbourne are not the least affordable cities in the world – they are just among them.

The newly released 2024 Demographia International Housing Affordability annual report assesses housing affordability in 94 major markets across eight nations (Australia, Canada, China, Ireland, New Zealand, Singapore, United Kingd…

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